Lease offer on producing property in Roger Mills county

Oklahoma Mineral Rights Roger Mills County, OK
1

I have received an lease offer from Aztek Petroleum Company on a property that currently is leased and has three producing horizontal wells on it. They were originally drilled in 2013, Maxon 2-13H, Maxon 3-13H and the Maxon 4-13H. Section 13-14N-24W Roger Mills county. Mustang Fuel is the operator. They want to lease all rights 100 ’ below the Tonkawa formation. The wells are producing from the Marmaton formation which is well below the Tonkawa.

What are the advantages and, more important, the disadvantages of leasing our mineral rights that are currently being held by production?

2

Look at your first lease to see if you have depth clauses in it. If you do not, then you may be held in the shallow zones. Or the leasing agent has not done the title work yet. Did you tell the agent that your are already held by production in the Marmaton?