Rep Paddie-- is from Marshall not Tyler
Intrepid--- don't they have to have 70% approval from Royalty owners also? Not just 70% of WI? What does Unitization do for Operators (WI)? I can see this would possible dilute Royalty decimal Revenue if you are in small unit with some good wells and the Size of Unit increases could decrease your montly revenue check if other wells put in unit that were long in the tooth or not as good producters . Can you give us more info in simply term Pro & Cons for WI Owners vs Royalty Owners-Is this not controlled to some degree by your lease agreement you signed and most unitization does not come into play until most recoverable minerals by conservative means has been done and operator unable to recovery addition reserves out of ground?--Therefore unitization may be good thing? When is it BAD for Royalty Owner? Thanks
Interpid--- One Big No is that the State Minerals are Exempt from force pooling in this Bill-- Therefore if it's Not Good for the State it also should not be good from Citizens of State either--- Therefore I will get on phone Monday to oppose this Bill-- Thanks for heads up
Thanks for posting this! I got the alert yesterday but i didn't think many of the readers here (mostly Louisiana) would care what's going on at the Texas legislature. Again... i'm proven wrong! Hopefully our lawmakers in Texas will come to their senses!!! And hopefully they won't think about taxing email...OOOPS! sorry i mentioned that! THANKS, jhh
Texas court rulings are regularly cited in Louisiana O&G related litigation and vice versa. I doubt politicians in either state would care much about the opinion of those not among their constituency all politics being local. However most legislators would prefer the easy path of granting the O&G lobby their desires if not for a pack of motivated and vocal voters, especially their voters. With the advent of horizontal development all land owners are potential royalty recipients regardless of size or location of mineral interest. Too many times legislation benefiting the industry at the expense of the mineral owner has sailed through the legislative process with little or no opposition. Hopefully that is changing in the age of the Internet. My favorite political maxim is: If You're Not At The Table, You're Likely On The Menu!
I admire your efforts for posting in multiple locations however IMO the best way to contact the membership of GoHaynesvilleShale and EagleFordForum is to enlist the assistance of Keith. I would ask if he could send an email message to all those members who have signed up for alerts. Ask for his assistance and see what options are available to reach the most members in the shortest time.