I have acreage in the Robert Morris Survey which was originally leased to Halliburton in January 2012. The lease has since been purchased by Cabot Oil and Gas. I received a call from Cabot wishing to exercise the option to extend four months early, before the original lease expiration date and for three years rather than two called for in the lease. Has anyone else had a similar call in that survey or by Cabot?
Extensions are almost always a bad idea, in my opinion.
http://www.mineralrightsforum.com/profiles/blogs/3-year-plus-2-year-kicker
http://www.mineralrightsforum.com/profiles/blogs/i-have-been-asked-to-extend-an-existing-lease
Best
Buddy Cotten