In late 2015, we signed a 3 year lease for our Oklahoma Kingfisher and Major Counties rights in Section 32, 20N 9W with Newfield/Mid-Continent for 3 years. This week we received checks from Alta Mesa with not much explanation.
The check stubs do have to be signed and returned. They say Payment Type: Extension option. They contain other information - County, Recorded book page, date of lease (2 more years,) lease #, payee # and state:
Numerous calls and emails to Alta Mesa are unanswered. So we assume this is an extension. Is it common to sign with one company and then extend a lease with another company? Is it common for a company to renew a lease this way - no documents, contracts, etc, just a check?