Pooling question

I have roughly 350 acres in Dimmit county TX, they recently got a drilling permit that pooled me with the neighbor. The lease size on the permit is for roughly 450 acres, of that 450 around 200 are mine. My question is, when the lease expires here shortly, will I be able to lease my remaining 150 acres or will they be held by production as well?

Dear Dustin,

It depends on what your lease form provides for. If your lease form has a pugh clause, you are in good shape. If it does not, you are in not so good a shape, except they may quickly drill a well on your remaining acreage.

Thank you, now I guess I have some reading to do.

Buddy Cotten said:

Dear Dustin,

It depends on what your lease form provides for. If your lease form has a pugh clause, you are in good shape. If it does not, you are in not so good a shape, except they may quickly drill a well on your remaining acreage.

Best,

Buddy Cotten

www.cottenoilproperties.com