Thomas,
We too did a “drilling commitment” clause with a company in reeves a few years ago. I am in favor of adding these clauses, but the hang up is what exactly constitutes drilling or commencing drilling operations, etc. So, be very specific in the language to avoid confusion.
Hector, Depends on how long the road is, how much traffic you will allow, and how long you want to allow it. Really cannot say without full information. I would put a time limit.
We are coming close to seeing if BHP will renew our lease (3 yrs ends in July). I see that Wade maybe available to help negotiate another lease with someone else if it comes to that? I wonder how you would approach Chevron? I am to call the landman in June to see what their plans are.
Wade, what would be a fair price to charge? Is this a monthly fee or one time charge?
Tommy, I like the sound of that!
How can I find out to whom they are selling the production? I hope it doesn’t come to that but it could.
Marion Gage, Are you the Lessor of record on your lease to BHP?
No my mother is.
Mike the location is H&GN, Blk. 4, Sec. 59. The lessor is Double Basin. Are you familiar with them
Tommy, I can’t find that block, is there a Township number or abstract number? I did a deal like that, kind of, they wouldn’t come up to my price so they agreed to pay me more bonus after one year if they hadn’t drilled… and unfortunately they sent me the extra bonus!
Glen all my cks. are more than sixty days behind production.
Yea Buzz, I have seen the latest one within 50 yards of our NE corner, and 2 others about 100 and 200 yards off the same NE corner.
Buzz/Tommy, know exactly where it is! Think I’m getting dislexic in my old age! Thanks again.
Your name looked familiar, but I could not place it. I remember your mother’s lease now. If you would like, I can make an inquiry with BHP about the option to extend.
I would appreciate that Mike
Thomas,
What’s the Lessor name on the lease and the location?
Mike, do you know anyone at Arabella Petroleum in Midland? I need some help?
Thomas, I think you meant that Double Basin is the Lessee. I’m afraid I do not have any contacts with them. If you have any leases with BHP, I can make inquiries about those.
Mike,we also have leases with BHP that are up for the 2 yr option in August. BLK 57-3, sec 44&46 t&p a3035 & a3036. Also interested in status.
Thanks
Garland
Glen,
Not personally. Jason Hoisager is the President. You can try to reach him at (432) 897-4755