My lease is about to expire and there is a pooling hearing a few days prior to the expiration. I am not listed in the pooling and I have offers to lease (not Top Lease) and would like to lease What is my timetable? Is the effective pooling date the day of the hearing or the date it is entered? How many days do I have to lease after the effective date? What is the best option for me?
If you are talking about Oklahoma, then you have 20 days from the pooling order in which to respond with your answer (by certified mail). You may lease within that time frame, but to be safe, you should still answer and say I leases with XXX company for YYY royalty so that your answer is recorded for the pooling. There are both pros and cons to each option.
This topic was automatically closed after 90 days. New replies are no longer allowed.