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Oklahoma Message Board

Leases

  • 06/04/2012 10:18 AM
    Message # 944166
    Anonymous
    Can we have lease in an area where we have an active well already? The lease would be with a different company from the well operator.
  • 06/05/2012 8:41 AM
    Reply # 946933 on 944166
    Anonymous
    First, re-read your original lease.  The original may include a vertical pugh clause that only holds to a specific depth and everything below may be open for leasing.  Secondly, if this same lease includes a horizontal pugh clause everything outside a producing unit may be open for leasing.  If this isn't the case the second party making the offer may not have done their homework.
  • 06/11/2012 1:19 PM
    Reply # 961372 on 944166
    Anonymous
    Thank you for you reply. Your suggestion will be a great help. I will do some research  & look at our old leases.
 
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