IKE drilling buying out SM leases...

Hello All -

My family has had cotton farm land in dawson county for over 100 years now…. It is still active. In the 70’s or 80’s, is when the O&G leases started to come into play, best to my memory, for we also had mineral rights on cotton farm & other areas within the county…. i am now an heir to all of this… & to be honest, new to the process (game) of land mans, vulture rights scalping, etc… i still retain all rights, yet, there are many “back door deals” ocurring that seems to screw land owners out of their rights via ‘land man’s’… I am sick & tired of ‘land mans’ claiming they got screwed somehow out of a deal that they sold us upon! So now it gets interesting… I have a farmer, that farms my land… My great grandfather, used to farm the land, yet when he was unable to, he hired a nearby farmer, that man, to which is well known in Dawson County, as well as my Great Grandfather, has passed… So out of respect, dignity & loyalty, chose his son to continue farming operations for us, for he inherited the business…. So lot’s of history here.. just wanted to share - yet here’s the main Q - SM came in big & strong…. Yet, got cold feet & left… willing to let their permits just expire….

Now, IKE Operations has stepped in, just permitted a section of mine, there is a ‘waiver’ letter of sorts from SM…. this was just filed online Thursday, August 7, 2025… Permit is still in progress, with 4 mile laterials on plat, going straight through my section, & i have not heard a word of this yet!!! i discovered tis on the GIS viewer! So, real question(’s) here are - You have a 3 year lease with ‘sleazeball A’ , they claim they got screwed somehow… nothing will happen until jan, ’26 when lease expires, ‘somewhat’…. yet i discover. new permit under new operator… before lease expires…. this was filed 4 days ago, ok- cool - i want drilling activitiy, yet, why have i not been informed??? If they start drilling before lease expiration (or extension), am I stuck with lease option (from 3 years ago - dirt cheap), or do i have legal backlash protection?

Lot’s of questions here… So all of those of you that know this industry well in the area, your question is going to be - “What’s the Land Detiails”

Section 13, E 1/2, TP4-N I have surface rights & 160 NMA on this parcel…

I also have 80 NMA on other parcels very close to this, that SM permitted, yet chickend out on drilling….

Everyone, Please read carefully, do not be afraid to reach out with q’s directly, we are all on the same team!

God Bless!!!