Since the activity in Borden county seems to be picking up I would like some information on spacing, Is there spacing limits on the horizontal wells starting to be drilled by some of the major players like Chesapeake and Westerly and has anyone been approched lately with lease offers.
Just contacted with lease agrrement to sign for small acreage at 200 acre3 yrs and 15o for two years. Interested to see what others offered
Susan who was the offer made bye. If you will read the comments on the wall in the borden couny forum since it began you will see mny of the leases that have been offered lately since the activity is heating up. Where is your minerals located in the county. Major plaayers are starting to get involved in the area, Chesepeake has leased at least 30,000 acres in the county, and since they have announced they are cutting back their gas exploration because of prices this may be a prime area because of the old oil in the area and then the new uses of horizontal fracking.If you only have a small area try to get as much royality % as possible it will pay off in the long run.
Susan said:
Just contacted with lease agrrement to sign for small acreage at 200 acre3 yrs and 15o for two years. Interested to see what others offered