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Bakken Oilfield poll
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<blockquote data-quote="Davy Crockett" data-source="post: 148652" data-attributes="member: 367"><p>Eye, Do you know how the leases are written for bakken wells ? Once a well is drilled on a parcel does that automatically extend the lease past the original expiration date on that parcel ? and do they still continue to pay mineral owners for the lease or just the royalties ? Or do the leases still expire on the given date even if wells have been drilled and hit the open market again ? My main question I guess is are lease hands still active and what are lease prices doing ? I'm guessing most of leases in my neck of the woods will be dropped like a hot potato except for those in production areas.</p></blockquote><p></p>
[QUOTE="Davy Crockett, post: 148652, member: 367"] Eye, Do you know how the leases are written for bakken wells ? Once a well is drilled on a parcel does that automatically extend the lease past the original expiration date on that parcel ? and do they still continue to pay mineral owners for the lease or just the royalties ? Or do the leases still expire on the given date even if wells have been drilled and hit the open market again ? My main question I guess is are lease hands still active and what are lease prices doing ? I'm guessing most of leases in my neck of the woods will be dropped like a hot potato except for those in production areas. [/QUOTE]
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