We have 3 small leases 2 of the leases we received renewal checks. The 3rd we received a division order. If they are planning on drilling doesn’t the lease need to be renewed. CNX tells me that royalty payments take the place of renewal checks. We’re kind of new to this.
If you are getting a royalty check on the third tract, then the lease has moved from the primary term into the secondary term due to production. They are correct. You are now held by production.
Thank you very much for your response.
Have a great day.
Be sure and either return the Division Order or a letter in lieu of the Division Order. They want your W-9.