Can some read over this Lease/ORRI and tell me if this is still valid? Looks like 3 year lease/orri and the reverts back to original owner. No wells have been drilled.
1459-OGLZEPHYRCIMAREX092008.jpg (285 KB)
It's expired if no wells have been drilled. No one can read over the lease because it's an assignment.
Dave,
Thank you for the response. My next question would be if it is an assignment. Does this mean that the 80/20 split is no longer valid and that Zephyr gets back 100%?
Dave,
Here is my concern, the above assignment was made after the attached lease was completed between zephyr and my Father-in-law. From what i can see my families acerage in section 34 is no longer leased?
Patrick