When the acreage comes open

Expiry Outlook

Recorded leases reaching the end of their primary term over the next 12 quarters, by lessee and county.

Each lease is placed in the quarter its primary term ends. Where the record states an expiration date, that date is used. Where it states a term but no expiration, the term is added to the instrument date. Only where it states neither is a 3-year primary term assumed. Of the leases behind this page, 50,925 state their own expiration date, 6 state a term but no date, and 1,020 — 2.0% — state neither and carry the 3-year assumption.

This outlook covers leases recorded in the three counties. It is not a projection of any one company's book. A lease reaching the end of its primary term is not necessarily open: production, a paid extension or a pooled unit can hold it.