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With a lease renewal after 5 years is there a new payment for the lease?
If you're part of a production unit and are/were receiving royalties, the extension part of your lease does not pertain to you anymore because you're receiving royalties.
If you have not been drilled, then CHK still has the opportunity to renew your lease at their option. If they chose to renew you, you will receive a second signing bonus check; if they choose not to renew, you should receive a release of lease.
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