Hold does leasing work in this circumstance: A production company that owns on old lease with a small, 70-year-old gas well and also holds holds several hundred acres that are not pooled. These acres were not released because no release clause is in the lease. Can this company in turn lease (sub-lease?) to another production company? If so, must the new lease/sub-lease have the original royalty percent (1/8) or can it have a higher royalty percent (e.g., 1/5)? If it can, and the new lease/sub-lease leads to a new well, does the mineral owner receive royalty payments based on 1/8 or 1/5?