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Permalink Reply by Skip Peel - Mineral Consultant on December 10, 2009 at 18:13

All standard Oil & Gas leases pay a rental bonus per acre upfront and a percentage of production (royalty) if a well is successfully completed. A lease may be negotiated at any percentage but the standard amounts are generally 1/8 = 12.5%, 1/6 = 16.67%, 3/16 = 18.75%,, 1/5 = 20%, 22.5% and 1/4 = 25%.

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Permalink Reply by LYNN on December 27, 2009 at 13:32

I don't know what the royalties for people in the Haynesville Shale are but for the ones that are with Samson Contour, Jag and etc. the royalties are nothing. I have not received a check in several months from these companies. They have our wells cut down so much that we don't make anything. Wish they would abandoned them then we could maybe deal with another company.

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Permalink Reply by Henry on December 27, 2009 at 15:37

LYNN,
It may be that Samson Contour is doing you a favor. If they can cut production now, when gas prices are low, and then ramp up production later when prices are high, they may be making more money. You might come out ahead by reducing production now.

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Permalink Reply by Matt Hodges on March 4, 2010 at 8:23

I have an interest in 2 large HS wells in Harrison county, Texas......Both wells went into production in September of 2009. As of today I have not received a dime from the operator. I haven't even received a division order on either of the 2 wells. I heard today that the division orders on one of the wells are in the approval phase and that it takes two weeks for that to happen. If I get a division order within that time frame it means I will be paid at the end of April. Fully 7-1/2 months after start of production. On the 2nd well, they could not tell me when to expect delivery of a division order. Said they are waiting title opinions....this well in produvtion 09/2009 as well.
Does anyone know if I have any recourse? The operator is Chesapeake. Have any others had this same problem?

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Permalink Reply by JHH on March 4, 2010 at 11:39

You ought to sic that dog on 'em... WOOF WOOF!!!!

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Permalink Reply by Skip Peel - Mineral Consultant on March 4, 2010 at 11:43

Good looking dog, Matt! I wouldn't let Chesapeake anywhere near him. Heel, JHH. Good dog! LOL!

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Permalink Reply by JHH on March 4, 2010 at 16:05

Yep, Good dog! But what options do Texas royalty owners have. Is there a point when the owners become working interests and have rights to more of a share in the profits? thanks, jhh

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