Do you know if there is any update on Daniels County/Apache? We (family members) were offered a lease from Shale and let it pass. There has been no further communications on behalf of Apache since the changes. Curious to know if anyone knows of recent activity/news. Thanks, and Merry Christmas.
TheViking said:
Well okay, we received firm confirmation that purchases of oil and gas leases in Daniels County by Shale Exploration ceased on October 1, when we tried to do a lease with them after the October 1 date. Apparently it was a directive from Apache who now owns all the rights to Shale Exploration leases. Whether this was part of the Apache purchase agreement, is a temporary moratorium on leasing, or whether Apache will be purchasing leases directly is not known. However, I suspect that Shale deals that were struct before the October 1 date will be completed by Shale Exploration but no new deals will be made.