I HAVE LEASE WHICH IS NOT PRODUCTING IN SECTION 6 TOWNSHIP 16 north 3 East.
In Lincoln county. this lease has been non producting since January 2014. Lease has gas pipeline. and salt water well for said well. Well has produce lots of gas in the Hunton Lime.
Thanks
Lee Dumas
First, read your lease as to the shut in terms. Do you have to contact them or do they owe you a shut-in payment within 90 days of contacting them? Check the PUN number at the OTC and see if it is still active and when the last production officially was. Contact your operating company and find out what is going on. If it is dead and they are not going to pay the shut-in fees, and you are past the original primary term of the lease, then demand a "release of lease" letter to be filed in the county with the original sent to you. All certified return mail of course!
M. Barns the lease has change operators several times since the well was drill in 1980. I was 17 years of age when the lease was signed. I have contacted ram energy an talk by phone. Their was no verbal hint of production, due to the price of gas and oil and electrical costs. The last proction was January 2015. The past owner before Ram Energy, has yet to take their signs down which is OCC violation.
I will write them and put the blitz on the operator. Thanks.