Replies to This Discussion

Permalink Reply by farmbrad on January 18, 2010 at 15:02

SAN AUGUSTINE

Permalink Reply by farmbrad on January 18, 2010 at 13:37

Yep, he's a lair alright. A lair with a snare that caught the big bear...

Permalink Reply by ken hatcher on January 19, 2010 at 4:44

Look back on the main page when he was bloging from harrison county. He is truly a man for all seasons.

Permalink Reply by Cheerleader on January 18, 2010 at 16:41

Why don't we just enjoy the moment and be happy for Jerry. The $15,000 on county line really is not a surprise... to me anyway!! There are more of these bonus amounts around we just aren't hearing about them. The OGs are doing a great job of including the confidentiality clauses in the leases. I still believe $10,000-$15,000 should be standard for a bonus north of SA, both east and west.

Permalink Reply by Hotdoc on February 5, 2010 at 16:59

27% is a number that can be obtained. I had it on my last lease before the prices got high. I went to an O/G atty and it was the best thing EVER!! There are a million ways that they can take a chunk out of your royalties. My lease is out right now so I can speak. I also am sure that the larger up front monies are to be had also. What is bad is that the companies are trying to price fix more or less and not go as high as before. If groups of us stand strong, the bonus monies will rise. I have also seen the flip side of how the companies work to try to isolate you and force you into taking less for a lease. Happening to me now. My area in Shelby Co is loaded in the upper layers also, Travis Peak, Cotton Valley, etc. so I am going to lease the upper layers separately to an independent and reserve the lower layers for when the lease prices rise. According to the RRC, spacing of wells doesn't apply to different depths. That way I can "double dip". You go Cheerleader, I am totally in support of your thinking.

Permalink Reply by Cheerleader on February 5, 2010 at 18:40

Thanks Hotdoc for your MOTHERLOAD CHEER!!!!

Permalink Reply by Just Saying on January 20, 2010 at 20:01

Better hang on to that 15,000 dollar check or draft or whatever you got. Well maybe they paid you cash to keep it super confidential. I am sure they said that you could not tell anyone or show anyone. So be carefull because if they gave you a check or a draft someone at the bank might see it and it might void the lease you signed. It is funny I have seen so many of these clauses, but none that I have seen have said what the penalty is for giving out the information. If 15000 is the going rate then what is the problem with giving everyone on this site some ground to stand on when negotiating there lease. It sure would help if we could see a 15,000 dollar an acre bonus check. What is going to happen if we get to see it, is the company that took the lease going to release the lease because we know what the bonus was. I doubt it. How about this. Surely you have the information for the landman that took the lease. Post his or her information so we may call him or her and see if they would like to take a lease with us for 15000 an acre. What is the harm in that, I would think that they would love to get potential lessors calling them. If you can not post the name of the person that took the lease with their contact info I am calling BS on this. No landman would turn down the opportunity to have mineral owners calling them with prospective acreage. So call him or her and get their permission and we will make our own calls. If no name or number shows up on this post then I think we have our answer. A claim like this in no way helps anyone without proof, it will just make folks look silly when they are talking to landmen. Also remember that this is a horizontal play. If you do not make a deal and do not have enough acreage to drill a horizontal well on, you will be left out. It is being done everyday.

Permalink Reply by ogmladvisor on January 30, 2010 at 4:19

Amen. A lease must be filed of record in order for "constructive notice" to be given. Texas is a "race notice" state, which means the last innocent purchaser prevails...so any O&G company paying big bucks for leases and not filing them of record is putting themselves at great risk.

If this activity is going on, and that's a big if, it is for one reason and one reason only: the language in the mineral owners's current lease does not allow them to take offers until the primary term is over, and their current Lessee has a "right of first refusal". By not offering the new lease to their current Lessee, they are breaking the terms of the contract they are currently under...which in the end will be a very poor choice for the mineral owners entering into such agreements.

Permalink Reply by 5thGenTexan on February 2, 2010 at 3:46

This is the generic version of what we filed for the record instead of the lease-


Memorandum of Oil and Gas Lease


State: TEXAS

County: SAN AUGUSTINE


Lessor: Name here

Lessee: Company Here

Effective Date: Date Here

As of the Effective Date stated above, Lessor, named above, executed and delivered to Lessee, named above, an Oil and Gas Lease (the “Lease”) in which Lessor granted, leased, and let to Lessee all of Lessor’s mineral interest in the lands (the “Lands”) located in the county and state named above, for a primary term of three (3) years, and an additional provision for an option to extend said Lease for an additional two (2) year period, which Lands are described as follows:

Tract 1: Tract desc. here


The Lease grants Lessee grants Lessee the exclusive rights to explore for, drill for, produce and market oil, gas, and other hydrocarbons from the Lands during the term of the Lease; construct and maintain such facilities as are provided for in the Lease; and, the right of ingress and egress through, on, over and across the Lands as provided for in the Lease.

This Memorandum of Oil and Gas Lease is executed by Lessor and placed of record in the county in which the Lands are located for the purpose of placing all persons on notice of the existence of the Lease, which is not, at the request of both parties, being filed of record.

This Memorandum is signed by Lessor as of the date of the acknowledgment of the signatures below, but is effective for all purposes as of the Effective Date shown above.


LESSOR:



______________________________________________


______________________________________________




ACKNOWLEDGMENT
THE STATE OF TEXAS §
COUNTY OF SAN AUGUSTINE §

This instrument was acknowledged before me, the undersigned authority, on this _____ day of _______________________, 2008 by name here.

_______________________________________
Notary Public in and for the State of Texas



_______________________________________
Notary’s Printed Name



_______________________________________
My Commission Expires


ACKNOWLEDGMENT
THE STATE OF TEXAS §
COUNTY OF SAN AUGUSTINE §

This instrument was acknowledged before me, the undersigned authority, on this _____ day of _______________________, 2008 by name here.


_______________________________________
Notary Public in and for the State of Texas



_______________________________________
Notary’s Printed Name



_______________________________________
My Commission Expires

Permalink Reply by catfish on February 1, 2010 at 16:29

Does anyone have any info regarding a unit being surveyed on FM 354 north of 21 in the Denning area.. We received a message today from EOG saying a survey is being done adjacent to us on a neighbors property for a possible unit. We are in the E W Brown survey. Any info would be appreciated. Our lease was originally with Hunt, then Cabot now we were told XTO, so maybe Exxon?

Permalink Reply by jffree1 on February 1, 2010 at 16:44

Catfish, there is nothing permitted in E. W. Brown survey yet. Cabot's King Gas Unit 1H is to you NE, Common Resources Owens 1H is to your NW and XTO's Butler Rooney #1 is west near the county line, so you are in good company.
Are you anywhere near the pipeline that runs across the survey E-W and north of 21? It's a transmission line.

Permalink Reply by catfish on February 3, 2010 at 4:30

It looks as if we are south of the transmission line, We are east of 354

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