I have a telephone offer for lease to do horizontal drilling in western KS where we have an existing vertical well. There is no horizontal wells at present, that we know about.
-- The existing well is at 4000 ft. depth. Can there be 2 leases on same land if the new lease offer is to drill to 6000-7000 ft. with horizontal?
-- Are there any landowner considerations for horizontal drilling that are different from vertical drilling? We have had very good land restoration by our existing operator.
-- The lease offer person will not reveal the drilling company name. We are very concerned that it be a company that is operating in the area and not leases that will never be exercised.
-- We have 5 quarters available for lease but will not lease all to one company? Is that the right approach. We know to lease each quarter separately.
Anything else? thanks, Ron