Can anyone tell me who is leasing Section 31-9n-5w & Section 32-9n-5w grady county. I’m a little confused on one of my sections this lease was up in july and I havent heard anything except they were drilling my question is Doesnt the lease have to be renewed if they want to continue production
Check the terms of your lease for 31. Most leases have a clause that says if they start drilling before the end of the lease term, the lease stays effective until they finish the well. Both the John Phillips 0905 31-6 1MXH and the Robbers Cave 0905 31-30-1 WXH were spud in May, so they maybe be holding your lease. Robbers Cave had first sales on about 8/4/19. Same for John Phillips, so section 31 will be held until production ceases per the secondary term clause.
Kalos Resources was leasing in section 32. A few others were Wayfinder Resources, Sping Energy, Raintree Land Services, Ventana Operating, Worth Petroleum, Jth Equity Investments