Replies to This Discussion

Permalink Reply by RWilliams on February 18, 2011 at 2:56

How can I find out what leases are going for now?  What do you know about about the well SE of Black Stone A-43?  Sorry, I don't know the name.

Permalink Reply by Steve Henderson on February 18, 2011 at 3:46

I have not seen anyone talk about new leases in some time.

 

As for the well SE of A-43, I assume that will be the A-47 well I show in the first link at the top of this page. If you click on the Map icon in the API # section and zoom out, you will see A-43 2 miles to the NW of A-47. I just know about the permit application, nothing more, other than (once again) Encana sets up these wells so that BlackStone (BSI), Exxon, or US Forest Service get royalties, not individuals. Hey, there is one 10 acre owner on A-47 who is not Blackstone. Maybe there's hope!

Permalink Reply by RWilliams on February 18, 2011 at 5:02

EnCana is trying to lease my mineral rights in A-43.  From your comment, I am wondering if I will get any royalities.  That would NOT be good!  What do I need to look for in the lease to assure I will get royalities?

Permalink Reply by Steve Henderson on February 18, 2011 at 5:50

I think Encana is just making their life easier by setting up wells that have a minimal number of participants. I think down the road they will set up more of them that pay individuals. All that said, there's not much you can do to encourage them to drill around your acreage (other than roll over and sign up for 15% royalties). Shoot for 25% royalties, but don't be surprised if they ask for 22.5%.

Permalink Reply by RWilliams on February 18, 2011 at 6:49

I was told that all 25% royalties are with expenses taken out and that usually it nets between 22 & 23%.  Is that true?  It is so hard to tell if the landmen are telling the truth or not!

Permalink Reply by farmbrad on February 19, 2011 at 2:41

We're in A Spear survey A43, also. We were given a choice of 25% royalty or 22% "cost free" royalty. We chose the known amount of 22%. What I have since read on this website is that "cost free" royalty doesn't mean much unless you have a "net back" clause. You should do a "net back" search from main page and read about it.

Our lease is expiring soon. How much are they offering to lease now? You know you're surrounded by "monster" wells so be careful with lease agreements. You may live by your contract for years to  come...

Permalink Reply by Robby Patterson on February 19, 2011 at 4:36

Steve, this is a unique situation, but those are not federal minerals under the USFS land in the area you referenced.

Permalink Reply by Steve Henderson on February 19, 2011 at 6:58

Interesting, Robby. I was just going by the plat. So, are the mineral rights for individuals, or for one of the big boys?

Permalink Reply by Robby Patterson on February 19, 2011 at 7:10

I think they are part of the Blackstone package, but I am not sure.  I just thought you might want to know. Most times the minerals are "USA" owned under Forest Service lands.

Permalink Reply by Steve Henderson on February 23, 2011 at 8:25

Would you believe Encana is seeking permits for THREE MORE wells today? All three show up with the BSI/USFS title. F9 is in A-273 & A-265, and is very close to A-274 F4 & F5 recently permitted. F10 is in A-268, A-628, and A-373, and is just north of A-268 (Z Redmond) that was just permitted. F11 is in A-628, A-373, and A-8, bottom hole maybe 1/3 mile west of A-398 that came in big (well will be about 1 mile south of A-398). Starting to see a pattern here with Encana - put your new wells within 1/2 mile of older wells, but drill in the opposite direction (applies to F9 and F10, F11 is in the same direction as A-398)

 

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

 

 

Permalink Reply by JWC on February 23, 2011 at 10:34

Wonder if Encana will be permitting around the Blackstone well in the C Hereford Survey?

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