SHARP22, Tick Creek Field - GoHaynesvilleShale.com2024-03-28T10:50:58Zhttps://gohaynesvilleshale.com/forum/topics/sharp22-tick-creek-field?groupUrl=brown-dense-lower-smackover&commentId=2117179%3AComment%3A3550910&x=1&feed=yes&xn_auth=noReading is fundamental! And,…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35509102015-10-25T14:01:28.879ZRobin Tall Treehttps://gohaynesvilleshale.com/profile/RobinTallTree
<p>Reading is fundamental! And, yes I did read the UMI basics last night. I appreciated its format, "Read and re-read 30:10," etc. My information requests were in accord with the information the UMI Basics listed. The acreage of the unit is 1280 with 3 wells. One is inactive. My expectation is transparency. The numbers for production, production sales, well expenses, leasing expenses and royalties. My data interest appears to be within the UMI's right. I will follow the UMI Basic's…</p>
<p>Reading is fundamental! And, yes I did read the UMI basics last night. I appreciated its format, "Read and re-read 30:10," etc. My information requests were in accord with the information the UMI Basics listed. The acreage of the unit is 1280 with 3 wells. One is inactive. My expectation is transparency. The numbers for production, production sales, well expenses, leasing expenses and royalties. My data interest appears to be within the UMI's right. I will follow the UMI Basic's procedure for obtaining the information on a quarterly basis-certified letters. Thanks again, Skip. Really appreciate your time and information. </p>
<p></p> Skip, I just spent the last h…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35507282015-10-25T04:07:06.921ZRobin Tall Treehttps://gohaynesvilleshale.com/profile/RobinTallTree
<p>Skip, I just spent the last hour between our previous dialog reading the very information you referred me to.</p>
<p>Skip, I just spent the last hour between our previous dialog reading the very information you referred me to.</p> An actual e-mail:
Robin,
We…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35507262015-10-25T04:02:15.264ZRobin Tall Treehttps://gohaynesvilleshale.com/profile/RobinTallTree
<p>An actual e-mail:</p>
<p>Robin,</p>
<p> </p>
<p>We need to gather a few more pieces manually from a third party purchaser in order to have the complete 8/8s you requested. I will follow up with you early next week.</p>
<p> </p>
<p>Regards,</p>
<p> </p>
<p> </p>
<p>D S</p>
<p>Revenue Manager</p>
<p>Southwestern Energy</p>
<p>832-696-88xx</p>
<p>An actual e-mail:</p>
<p>Robin,</p>
<p> </p>
<p>We need to gather a few more pieces manually from a third party purchaser in order to have the complete 8/8s you requested. I will follow up with you early next week.</p>
<p> </p>
<p>Regards,</p>
<p> </p>
<p> </p>
<p>D S</p>
<p>Revenue Manager</p>
<p>Southwestern Energy</p>
<p>832-696-88xx</p> SWN is not required to provid…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35508052015-10-25T04:02:05.844ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>SWN is not required to provide what you ask for; they are required to provide what the state mineral code specifies. If you think you deserve more than what has been supplied you can engage the services of an O&G attorney.</p>
<p>Read the UMI Basics.</p>
<p>SWN is not required to provide what you ask for; they are required to provide what the state mineral code specifies. If you think you deserve more than what has been supplied you can engage the services of an O&G attorney.</p>
<p>Read the UMI Basics.</p> I have been requesting detail…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35509002015-10-25T03:52:50.597ZRobin Tall Treehttps://gohaynesvilleshale.com/profile/RobinTallTree
<p>I have been requesting detailed reports, however, I was initially told that I wasn't entitled to them as a UMI. I insisted on reports of production and expenses to remain abreast of the well's progress. I was sent net information. I explained to SWN that I would like to see the gross production, along with sales information. I was told that the numbers would be gathered for the wells in question. It took about 5 weeks. I was sent a spreadsheet formulated just for me from a desktop-not a…</p>
<p>I have been requesting detailed reports, however, I was initially told that I wasn't entitled to them as a UMI. I insisted on reports of production and expenses to remain abreast of the well's progress. I was sent net information. I explained to SWN that I would like to see the gross production, along with sales information. I was told that the numbers would be gathered for the wells in question. It took about 5 weeks. I was sent a spreadsheet formulated just for me from a desktop-not a formal report on the well expenses, production or revenues with SWN heading or any identification of what the spreadsheet contained.</p> Robin, I'm not understanding…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35508042015-10-25T03:45:07.710ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Robin, I'm not understanding what you mean by thrown together. UMI's receive 100% of their proportional share of production after each well pays out.</p>
<p>Read this on LA UMI:</p>
<p><a href="http://www.gohaynesvilleshale.com/UMI-Basics" target="_blank">http://www.gohaynesvilleshale.com/UMI-Basics</a></p>
<p>Robin, I'm not understanding what you mean by thrown together. UMI's receive 100% of their proportional share of production after each well pays out.</p>
<p>Read this on LA UMI:</p>
<p><a href="http://www.gohaynesvilleshale.com/UMI-Basics" target="_blank">http://www.gohaynesvilleshale.com/UMI-Basics</a></p> Skip,
Some confusion. I hav…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35509752015-10-25T03:32:10.330ZRobin Tall Treehttps://gohaynesvilleshale.com/profile/RobinTallTree
<p>Skip, </p>
<p>Some confusion. I have become familiar with the acronym UMI and the Louisiana statues on oil and gas production. I have requested information from SWN, however, the information has been very general and less than official reports. I received a spreadsheet, on production and royalty for the two wells a day ago; very thrown together. As a UMI, do I wait until the entire unit's costs for the well are covered or is my family's tract production and well expense calculated based…</p>
<p>Skip, </p>
<p>Some confusion. I have become familiar with the acronym UMI and the Louisiana statues on oil and gas production. I have requested information from SWN, however, the information has been very general and less than official reports. I received a spreadsheet, on production and royalty for the two wells a day ago; very thrown together. As a UMI, do I wait until the entire unit's costs for the well are covered or is my family's tract production and well expense calculated based upon our individual mineral interest production and well cost? My family has 95 Acres in total. </p> Depends on whether SWN is st…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35508002015-10-25T02:06:18.819ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Depends on whether SWN is still interested in offering a lease. And how many acres you own in the unit. There are two basic Pugh clauses, horizontal and vertical. The horizontal is also called a pooling clause and releases from the lease agreement any portion of your acreage not included in a producing well at the end of the primary lease term. The vertical Pugh releases your rights below the deepest depth being produced plus 100' at the end of the primary term.</p>
<p>Depends on whether SWN is still interested in offering a lease. And how many acres you own in the unit. There are two basic Pugh clauses, horizontal and vertical. The horizontal is also called a pooling clause and releases from the lease agreement any portion of your acreage not included in a producing well at the end of the primary lease term. The vertical Pugh releases your rights below the deepest depth being produced plus 100' at the end of the primary term.</p> Thank you Rock Man. I fear h…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35507182015-10-25T01:17:55.969ZRobin Tall Treehttps://gohaynesvilleshale.com/profile/RobinTallTree
<p>Thank you Rock Man. I fear horizontal drilling; trying to be eco-responsible. I have been told that horizontal drilling is not cost responsible in the brown dense rock.</p>
<p>Thank you Rock Man. I fear horizontal drilling; trying to be eco-responsible. I have been told that horizontal drilling is not cost responsible in the brown dense rock.</p> Thank you for the reassurance…tag:gohaynesvilleshale.com,2015-10-25:2117179:Comment:35509702015-10-25T01:14:47.768ZRobin Tall Treehttps://gohaynesvilleshale.com/profile/RobinTallTree
<p>Thank you for the reassurance. I was offered a lease a short time ago. "We have a check here for you." Sounded a little shifty. I would consider a lease given the new information and back royalties. I have read some of your other comments on leasing and I know of the 25% with back royalties, no surface use agreement, and I would like a Pugh clause. Sound reasonable?</p>
<p>Thank you for the reassurance. I was offered a lease a short time ago. "We have a check here for you." Sounded a little shifty. I would consider a lease given the new information and back royalties. I have read some of your other comments on leasing and I know of the 25% with back royalties, no surface use agreement, and I would like a Pugh clause. Sound reasonable?</p>