I looked up production for the Black Lake field today on sonris. The last reported production was in December of 2010, when 2 barrels of oil were produced -- from the 20,000-acre field. No production has been reported since then. Certainly this is not what the state calls "production in paying quantities."
The leases in this field were signed in the mid-1960's, and have been in force ever since. They were originally with Placid Oil, and have changed hands several times, and now are held by Chesapeake. Has anyone been successful in terminating these leases? Are there any efforts going on to terminate these leases for lack of production? I'd appreciate any information on this topic. Thanks, in advance.