from old division orders, our acreage is as follows:
Tract No. 2
Individual A and Individual B, jointly - 1/8 x 26.2/640 x 1/8 = .000639R.I.
West Half of Southwest Quarter of Northwest Quarter (W1/2 of SW1/4 of NW1/4) South of Red Chute Bayou, less the bed of Red Chute Bayou: Southeast Quarter of Southwest Quarter of Northwest Quarter (SE1/4 of SW1/4 of NW1/4) of Section 15, Township 17 North, Range 12 West, containing 26.2 acres
Tract No. 11
Individual A - 1/16 x 283/643 x 473/640 x 1/8
North Half of Northeast Quarter (N1/2 of NE1/4); Southwest Quarter of Northeast Quarter (SW1/4 of NE1/4); Northeast Quarter of Northwest Quarter (NE/14 of NW1/4); Southeast Quarter of Northwest Quarter of Northwest Quarter (SE1/4 of NW1/4 of NW1/4); that part of North Half of Northwest Quarter of Northwest Quarter (N1/2 of NW1/4 of NW1/4) lying East of Red Chute Bayou; Southeast Quarter of Northwest Quarter(SE1/4 of NW1/4); Northeast Quarter of Southwest Quarter of NW Quarter (NE1/4 of SW1/4 of NW1/4); Southeast Quarter of Southeast Quarter (SE1/4 of SE1/4); Northeast Quarter of Southeast Quarter of Southwest Quarter (NE1/4 of SE1/4 of SW1/4): all in Section 15 Township 17 North Range 12 West, less the bed of Red Chute Bayou, containing 283 acres.
So this division order covered part of section 15 and part of Section 22. We have been getting paid based on an old lease with a 1/8 royalty.
We are now being told that they want to enter into a new lease and pay us a higher royalty which is causing me to wonder what the real motive is.
I received a letter regarding application for Public Hearing to consider applicant to drill one cross unit horizontal unit well and five cross unit horizontal alternate unit wells.
We are getting paid on Freedman 15-1 Alt, Freedman 15-2 Alt at the 1/8 royalty.
I appreciate any thoughts you may have