Thanks Alan.
I’ve got a head-scratcher right in the middle of that area. We have minerals in the M C Lee Survey A-500, the Shelley Pate well is on it (about 4,000 feet, drilled 1980), barely producing–they don’t even send checks out, but enough to hold. The operator, BASA, claims to not have the deep rights, so not sure what their play is. I don’t actually know how the old lease document is worded–never seen it.
They are not offering to lease the deep rights from us, and nobody else has offered us a lease on anything. Basa land man claims to not know of any leasing in the area. Perhaps they are the ones behind my recent offers to purchase my rights–very aggressive ones.
I just want someone to lease the deep rights. Any thoughts?
1 Like