Thanx Charles
So if I understand you correctly - as long as they begin drilling the hole before the permit expires they have as long as it takes to complete the entire process.
i'm seeing an interesting trend. When my questions get answered they tend to expose I should have known that but was not in the right mindset. Kinda like what happens to me when software seems magic when I don't understand it. Complicating it with too many mysteries.
I appreciate your response. This site seems to have plenty of knowledgeable and patient folks willing to help us newbies. It's very helpful and kind of ya'll.
Thank you
Larry
charles s mallory said:
Larry:
The drilling permit expiration date generally indicates the time at which an opeator has to be actively drilling a well. These drilling permits, which are granted by the State Agency which oversees oil and gas, is normally inexpensive to acquire such as in North Dakota, where a permit costs around $100.00. If the operator is running behind on their drilling schedule, it is somewhat easy to obtain a renewal on the permit. In North Dakota , a daily report is issued regarding the daily acitivity and it is not rare to see the headings "Permit Cancelled" or "Permit Renewal". The only thing that on the mineral owner side to be concerned about is the lease expiration date.