5 Years is up.

[gasless]

I am getting an offer from a company called Palo Petroleum,Inc . Are they wanting to buy my rights or my lease? The last time I wrote here I thought my lease was almost up, Well it is now and no royalties! I did not know that this gas stuff was so political. Now that Chesepeake has built all the parks in Fort Worth are they gonna pay the residents.
Whats a shut in? I was told they would build the wells and pipelines and make shut ins. I am wondering if we did not all mess up and let the gas companies build small bombs around us. Take a look at the rrc map of Fort Worth and ID the wells, its solid wells and it looks scary. OK I just had to vent, if anyone has any answers let me know.

[TxNonRev]

Howdy

Addax Minerals offered folks around here $8,000 an acre just awhile back.

My best guess:

They want to buy your lease.

A "shut-in" payment is given when there is a delay in getting the gas to market.

Well sites can blow up that's for sure. It looks to be a rare event.

If a gas company decides not to sell the gas after it has it ready and able to go to the market.
I haven't a clue as to the rules for that situation.