Started this discussion. Last reply by danny meyers Oct 8, 2008.
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AboutAs 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 |
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Force pooling is just a way to account for all of the mineral owners within a "unit". If you are leased you will be paid royalties from a well that produces in the unit. If you are not leased you will be paid your pro-rata share of the proceeds from the well after expenses. Several of the experts have stated that if you are unleased you will need to keep a closer eye on the company to make sure that the items they are claiming as expenses are valid.
I hope this helps.
GOOD LUCK!