Replies to This Discussion

Permalink Reply by Two Dogs, Pirate on December 12, 2010 at 10:48

Problems location of drill sites. I don't think it would affect bonus.

Permalink Reply by buckmaster on December 16, 2010 at 13:31

a friend of mine told me chk. called him about poss. loc in sec 14 of 11-11

Permalink Reply by Skip Peel - Mineral Consultant on December 16, 2010 at 13:42

Thanks, buckmaster. I find that the value of well pad locations has remained relatively constant regardless of fluctuations in lease bonus offers.  I still think that many members do not understand the significant value of surface locations.   Most of those that have negotiated good surface agreements have had professional assistance.

Permalink Reply by VSC DeSoto South on December 17, 2010 at 13:10

Does this mean the surrounding wells in the adjacent sections will have the same problem or is this strictly an error during drilling fraccing and not related to the field's or area's viability?

Permalink Reply by olddog573 on December 17, 2010 at 13:50

Buckmaster,

Did they discuss a spud date for 14? Thanks.

Permalink Reply by buckmaster on December 17, 2010 at 14:31

negative  Old Dog when  i find something out i will post it.

Permalink Reply by Shayne S on December 22, 2010 at 8:40

got 5000 with verticle and horizonal pugh clauses and 25% no cost royalties 9-11n-11w

Permalink Reply by Henry on December 22, 2010 at 8:53

Shayne,

Good job.  With whom did you lease?

Permalink Reply by Shayne S on December 22, 2010 at 8:57

beta land services via chesapeake

Permalink Reply by Shayne S on December 22, 2010 at 9:06

what do i need to ask or look for as far as surface rights go??

Permalink Reply by Two Dogs, Pirate on December 23, 2010 at 3:36

Shayne your property is not on the section line but closer to the center of the section, so I doubt they will be looking at it for a location.

Permalink Reply by Henry on December 23, 2010 at 3:44

Shayne,

The best case to get is a "no surface use" clause. Then you don't have to negotiate anything else.

 

If you cannot get this, then the most important thing is to ensure you have a strong indemnity clause.  This is language that will protect you, in the event your driller causes any damage.  These damages can occur to workers, nearby landowners, etc.  You want to make sure you are not at any risk from the driller's accidents or screw-ups.

 

There are many other things you could/should ask for.  But I'm not the best to advise you.  You might want to start a discussion on the main board, where you'll get a wider audience and response.

 

My last advice is think in terms of the next 100 years...  You want to ensure that when the last well is plugged and abandoned, the operator restores the land.  You don't want your great, great grandchildren to have to deal with an expensive eyesore.  If you don't write it in the lease, I promise you that your land will not be restored.  It will be left with rusting fences, dangling power lines, and broken equipment.

 

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