Our family has 160 acres of interest in Canadian County, which currently produces very little oil/gas. Has anyone had luck obtaining a release of the least based on low/no production? Are there any law offices known for obtaining a release?
Thanks in advance!
It can be quite difficult to get a release of lease unless you have the financials to back up the “uneconomic” requirement. If you post the section, township and range, then folks can comment on surrounding activity.
The location I believe is, 9 12 6sw corner. The section has just 1 functional well and it’s not producing much if any.
Do you have any recommendations for lawyers that tend to be more successful than others at obtaining releases?
There are attorneys listed in the Directory above, but I am not sure if that is their specialty.
If you don’t have a conflict and can afford the fight, try:
Bar Number: 14920
9658 N. May Avenue
Suite 200
Oklahoma City, OK 73120-2714
UNITED STATES
(405) 848-1944
Thanks, will look into it.
In Texas, you can file a good faith claim complaint with the Texas Railroad Commission stating that the well is no longer producing in paying quantities to justify expenses . Find out all info about your property like…is there a pooling agreement that might be holding production. Contact the operator and find out what their intentions are in reworking the well. Production history reports are good to have to show a history of low to no production. Look at your lease and see if there is a cessation clause that states if production stops for so many months then the lease is terminated.