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Permalink Reply by Bill R on September 27, 2010 at 13:02

I was checking on this a while back, it does not appear so, we now have seven wells that we have received the 'shut-in' money on ( I got a dollar - $1.00 per well ) for our shares in the well. It sounds like that fairly well ties the lease for awhile unless you are willing to go to court over it.

What the heck, I at least got to enjoy a Venti Starbuck's Carmel Mocha from the checks! Beats a poke in the eye with a sharp stick, I guess!?!

Permalink Reply by youngbird on September 28, 2010 at 6:00

Thanks Bill. I found a great resource that goes over leases point by point.
Better leases apparently demand a yearly increase for a shut-in royalty
that can go from $1 to $50 net mineral acre.
Do you know why the wells are shut-in? Is it because of gas prices or because
of lack of transport?
HBP seems to screw a lot of lessors for a long time unless they've negociated a lease with depth rights and term limits.
For that matter do you know what lawyers out that way typically charge for lease advice?