Grady County Activity?

General Mineral Rights Discussion
1

Have a lease with Continental Resources that expired on 9/27/17 in Grady County, Section 36-9N-7W. Lease was renewed back in May with 25% payment received then and balance to be received within 10 days of lease expiration. I have now received information that Gaedeke has commenced operations on that section on 9/25 so expired lease remains in force. So, 2 questions:

  1. Does anyone know if there is activity in that Section?

  2. Is there some standard definition of ‘commenced operations’? Can they just park a rig out there and call it good or do they actively have to be doing something towards testing and/or drilling?

Thanks for the info.

2

Post this on the Grady County site. A rig capable of drilling to the pooled depth has to be on site. A spud-in is insufficient to hold it if you have a good commencement clause.