Has anyone received a lease offer from Red Fork Energy for Section 22-20N-01E to drill a horizontal well to test the Woodford formation? The proposed well would be in the same area as the McMurtry 1-22H which has been producing since December 2012 and is operated by Red Fork.
Also can someone please tell me if a lease is not signed and you are forced pooled, what royalty percentage would you receive and are you entitled to receive royalties from the first drop produced or do your royalties begin only after the company recoups all of their costs and expenses?
Thank you for any information you have to offer.