XTO bought out Chesapeake in 2012 and I assume took over the leases that Chesapeake had. In July 2012 they sought to establish a drilling unit. Well was drilled and is now ready for production. On Jan. 10, 2013 XTO sought relief: POOLING. On Feb. 4, 2013 a hearing before an Administrative Law Judge from the Corp. Commission of the state on Oklahoma was conducted.
In the Findings and Order It states in the option C; TO RECEIVE THE CASH BONUS PLUS OVERRIDING OR EXCESS ROYALTY, AS SET IN PARAGRAPH ABOVE, WHICH CASH BONUS SHALL BE PAID OR TENDERED BY APPLICANT WITHIN 35 DAYS FROM THE DATE OF THIS ORDER. (we had already signed an LEASE/ASSIGN agreement from Dec. 31, 2012.
I talked with an attorney from a Petroleum Land Services Co. that represent XTO. He told me that the original Lease/Assign agreement with Chesapeake is still in effect until 11/27/2014.
My question is, If an order from a Judge says XTO is to pay cash bonus within 35 days and says nothing about a previous lease, shouldn't they pay that bonus?