EP Energy Bankruptcy

I just received a legal notice re: EP Energy Chapter 11- specifically about the procedures and assumptions of executory contracts and unexpired leases.

I have two producing wells in one section and am wondering about these scenarios:

  1. Does EP have the right to withhold payments while restructuring?
  2. Does EP have the right to cancel the unexpired lease?
  3. If so, are my minerals on the open market?
  4. If another lessee picks them up- are the terms of the current lease in effect?

Thanks in advance for any help, John

2 posts were merged into an existing topic: Ep Energy chapter 11