Peironnet v. Matador Resources Co.

| ] This case involves a large oil and gas lease affecting 1805.34 acres in the southern part of Caddo Parish. The lessors and lessee entered into an 18-month extension agreement in 2007, months prior to the announcement of the Haynesville Shale discovery. The extension of the 3-year primary term of the lease from 3 years to 4 ½ years occurred at a time when a large portion of the lease was already developed by production in units for depths above the Haynesville Shale with only 168.95 acres of the lease experiencing no production activities in 2007 as the original primary term *449was ending.…