Does a lease still expire if the company has started building location? Or is it spud date? We've leased land/minerals and they it was up on June 12th, and it looks like they have just started building this past week. Thanks.
unless you have a provision in your lease, the lease can be continued by commencement of operations, which in most states, is dirt work, location building, building roads, etc. As long as they start surface work prior to the deadline in your lease, then they can continue working to drill a well.
Okay, thank you!