The lease on my property expires in December of this year. No option. There is a new well that just popped up on TRRC that includes me in a pool. My question is: when is a lease considered exercised? When the rig is permitted? When production begins? I am getting 20% under the current lease and would insist on 25 if I could renew it prior to it becoming effective.
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Your lease will have to be analyzed to be certain, but I would wager that your lease states that your lease is held by being pooled, either before or after production has been attained.
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My family also has a lease or two with Comstock expiring in December 2025 and January 2026 in Alexander Jackson A437. Following to learn about expiration.
I would say look at your lease. I would bet paragraph 6 perhaps:
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