Lease offer, Pontotoc 35-2N-6E

Have fun on your cruise! I always ask what they are offering for 1/5th and ask what is their highest offer going to be, when is pooling, who is the operator and what are their plans. As of this moment, there are no regulatory actions filed, so I think you may have some time. Depends upon their leasing schedule. There have been no leases and no cases at least as far back as 2010, so not a hot area. You can choose to lease and see what happens or you can not lease and see what happens.

Their lease as offered may not be what you want. I always check for NO post productions charge, a limited shut in time, no warranty of title, depth clause, commencement of drilling clause, no top lease clause, no option to renew and a few more. Not speaking as an attorney but as a mineral owner who is careful about my leases.