Hello all: I received an offer to lease my holding in section 28-6-6. There is a current producing well in that section that is owned by Mack oil. Apache wants to drill another well in that section but in
different sands than the mack well. Is that royalty still leaseable? I was under the understanding that once it was in production, it could not be leased. I have tried to find the laws in okla. pertaining to royalty leases buy have not found any. Any help would be appreciated. is there a site that tells current leases?
Michael, If I understand your question correctly. If you are getting royalties from the Mack well and the Apache well falls within the same spacing unit, then yes, the current lease applies UNLESS you have a depth clause in your lease. In that case you would be able to negotiate a lease for the minerals not identified in the original lease.
This is an old lease that my dad done years ago and he has since passed and I don't have a copy and no info. on it. The mack well is in the springer sand and apache has been given a spacing order to allow more wells in the woodford, huntoon, etc sands. I have called apache and left messages and to date no replies. The folks that want to lease it are third party folks. See the post about okie energy. thanks for the info.