botlow I never said Oxy was interested in buying the lease. I said the rumor is Oxy may be buying the Chevron properties located in San Ardo. However, if as you say, Oxy farmed out this lease to Coil there are usually some type of conditions attached to the deal. They could included so many wells on production by a certain date, Coil might be required to spend a certain amount of money in a certain time frame, or possibly some other type requirement(s). Normally if these requirements are not met, the lease reverts back to the lessor. If Coil did in fact get this lease on a farm out from Oxy, if someone could obtain a copy of their lease agreement between Oxy and Coil, then you could see if there are any time tables or conditions to be met. It might shed some light on what is going on---or not. Best of luck.
