# East Texas Energy Update - 3/17/2025
**URL:** https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422
**Category:** Cherokee County, TX
**Created:** [March 17, 2025, 8:27pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422 "2025-03-17T20:27:29Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@Alan\_Herrington](https://www.mineralrightsforum.com/u/Alan_Herrington)
#### Post date: [March 17, 2025, 8:27pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/1 "2025-03-17T20:27:29Z")
East Texas Energy and Key Exploration have written several hundred leases in Cherokee County since 2021. They began with two-year seismic options followed in many cases by oil/gas leases with three-year primary terms.
East Texas Energy has 97 leases in which the primary term expires in April. I expect we could see an assignment, or at least some extensions, in the next few weeks.
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### Author:  [@Bembo](https://www.mineralrightsforum.com/u/Bembo)
#### Post date: [March 18, 2025, 8:14pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/2 "2025-03-18T20:14:53Z")
Alan: do you have the abstract numbers associated with the soon-to-expire leases or additional nearby areas of interest?
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### Author:  [@DPerson](https://www.mineralrightsforum.com/u/DPerson)
#### Post date: [March 26, 2025, 1:53am UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/3 "2025-03-26T01:53:51Z")
Not much is happening in Cherokee County. ALTHOUGH there is some activity. Most of the Haynesville Shale is Panola & Shelby. I would see them expire.
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### Author:  [@Alan\_Herrington](https://www.mineralrightsforum.com/u/Alan_Herrington)
#### Post date: [March 26, 2025, 2:10am UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/4 "2025-03-26T02:10:39Z")
Something is happening in Cherokee County, we just don’t know what it is yet! Somebody did seismic work on more than 50,000 acres and converted more than 90% of seismic options into O/G leases. Somebody also extended the primary term on a bunch of leases but lengthened the extension from two years to four years.
It’s developing slowly, but it continues to develop…
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### Author:  [@Bembo](https://www.mineralrightsforum.com/u/Bembo)
#### Post date: [March 26, 2025, 2:39am UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/5 "2025-03-26T02:39:29Z")
Thank you both for the update.
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### Author:  [@Mineral\_Owner5](https://www.mineralrightsforum.com/u/Mineral_Owner5)
#### Post date: [March 28, 2025, 7:44pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/6 "2025-03-28T19:44:01Z")
Changing the option term from two to four years and the option payment amount happened to me with a small acreage with EOG!
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### Author:  [@Ltaylor12](https://www.mineralrightsforum.com/u/Ltaylor12)
#### Post date: [March 29, 2025, 5:21pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/7 "2025-03-29T17:21:51Z")
Mineral\_Owner5, are you saying that EOG paid your option payment?
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### Author:  [@Mineral\_Owner5](https://www.mineralrightsforum.com/u/Mineral_Owner5)
#### Post date: [March 30, 2025, 3:08pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/8 "2025-03-30T15:08:50Z")
I usually never agree to an option term. I had a small tract of minerals I had bought and EOG offered a large bonus and option term with a real good lease form I had. When it came time for EOG to pay the option they wanted to lower the bonus amount and get a longer term than the extra two years the option was for. They refused and I had in my lease they had to give me a release. That’s why an option term means nothing to me.
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### Author:  [@TxAg71](https://www.mineralrightsforum.com/u/TxAg71)
#### Post date: [April 8, 2025, 7:27pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/9 "2025-04-08T19:27:49Z")
I am a partial owner of several tracts in Cherokee County. We leased to Key in Jan 2022 for 2 years, with an option for 4 more at the end. In Jan 2024, Key asked to extend the lease another 18 months, due to low price of gas. The extension ends in July. Hopefully, they will exercise the 4-year option.
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### Author:  [@Alan\_Herrington](https://www.mineralrightsforum.com/u/Alan_Herrington)
#### Post date: [April 8, 2025, 8:08pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/10 "2025-04-08T20:08:49Z")
Thanks for the info, TxAg71!
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### Author:  [@Bembo](https://www.mineralrightsforum.com/u/Bembo)
#### Post date: [April 9, 2025, 11:22pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/11 "2025-04-09T23:22:22Z")
TX ag71: May I ask where your tracts are located—what abstracts?
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### Author:  [@TxAg71](https://www.mineralrightsforum.com/u/TxAg71)
#### Post date: [April 10, 2025, 5:29pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/12 "2025-04-10T17:29:52Z")
Beverly Pool Survey, A-42
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [June 15, 2025, 8:27pm UTC](https://www.mineralrightsforum.com/t/east-texas-energy-update-3-17-2025/80422/13 "2025-06-15T20:27:54Z")
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