How are they figuring or going to figure the royalty payments when they drill cross-lateral units? How will the royalty owner know what he is due? How will that affect the royalty already received on a well drilled in one of the units? I have a 160 acre interest in a unit that has a gas well on it and want to know how I'll be affected should they decide to include that unit in a cross-lateral.
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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More