I have a Lease with Gambit Energy for 30 acres in Dimmit County - Bermuda division. Gambit declared Bankruptcy in 2014. My lease will expire in March 2016. Does this make it available to be leased again?....or can I lease now, since the company is Bankrupt?
☆★☆ more questions ~ I also have 2 other leases with 2 separate companies for 10 acres each. Both companies said they were going for the Buda Reservoir. What is the action on the Buda? I was told they would be the well-head for each of these companies - horizontal drilling. I only hold the mineral rights for these acres...are there any advantages to having the well-head on these acres for me? And is there ever any vertical drilling still being done in Dimmit County? I would appreciate any updates or information. Thank you.