I have small interest in the Girvin 72 in Pecos County which was operated by Olsen Energy. No checks since 2017. in snooping on line I saw a report that the well had been plugged. Does that automatically cancel the lease? Or would it still run the 3 yrs from last production?
Cancels the lease if there is no other production and no other activities that would be considered “operations” on the lease. If you want proof, then request from the operator by certified letter return receipt a “release of lease” be filed in the county courthouse with a copy mailed to you.
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Many thanks for the quick response. (you always seem to have the answers!!)