Has anyone had any dealings with XTO recently... especially in terms of producing division orders in a timely manner. Have been told 6-9 months due to title work. What's the difference between title work before a lease and 6-9 months after production! I know they'll pay a penalty... but really... is 6-9 months reasonable? Maybe it's an EXXON thing?
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I would be dancing a jig if I could get a Division Order from XTO in 6-9 months from 1st production. The Black Knights #1H in San Augusting Co., TX has been producing since January, 2011 and I haven't gotten even a hint of a Division Order. The Golden Eagles 1-H, also in San Auugustine County has been producing since April, 2011....same story. Blue Raiders 1-H, completed July, 2011, Hilltoppers 1-H completed August, 2011, Same location---same story. In the case of the Golder Eagles 1-H, there is a big difference between 6-9 months and 16 months!!!! If and when I finally get paid, I fully expect to have to lawyer up to be paid legal interest!
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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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