We purchased a working interest 32 years ago fora gas well in Steven’s county Kansas that was a good investment. It has been ‘temporarily abandoned’ with the state for ten years and recently state filed documents to plug this well have been filed. My question is that once the well is plugged and certified as such by the state is that the end of our working interest? I’m hoping for an affirmative answer. Thanks
It will depend on the original assignment of WI. Was it wellbore only or a leasehold interest in one or more leases? Are any of the leases HBP by other wells? For example, you could have been assigned depths from 1,000 to 2,500 feet and the lease is still HBP by a well at 3,000 feet, even if you are not participating in that well. The JOA or other governing documents could have an effect.
The operating agreement shows a 40 acre unit only. The transfer document when we transferred our ownership into a trust, provided to us by the next operator specifies four leases and for each listed leases states in caps: limited insofar and only insofar as to the ________ well bore. This is the only well bore we ever had statements on, expenses for, or income from since 1994.