Replies to This Discussion

landownerPermalink Reply by Florida Ginnie on February 17, 2009 at 13:55

Thank you very much for all your help. All of you are a well full of informative answers and guidance.
Florida Ginnie

• ▶ Reply

landownerPermalink Reply by lanadan Ds3 on February 17, 2009 at 21:26

would tou please elaborate on what you mean by ". . . these new duel horizontals (or triples) . . . ".

• ▶ Reply

landownerPermalink Reply by waltcop on February 17, 2009 at 18:13

I retained 50% of the minerials on 68 acres that I sold 3 years ago. If I am force pooled, would my revenue share from each well be 68/640 minus....etc. cost, even though I do not own any surface acreage? Also, is there any general rule of thumb on the percentage of a 640 acre track they require to be leased before they decide to drill or go somewhere else?

• ▶ Reply

Oil & Gas ProPermalink Reply by Grillin' - MmmMmm on February 18, 2009 at 2:18

Since you only retained 50% of the minerals, you would get 50% of 68/640... or 5.3125%

• ▶ Reply

Oil & Gas ProPermalink Reply by The_Baron on February 18, 2009 at 4:10

You may want to consider leaseing in the hopes of getting a well to interupt prescription. You have seven years left and counting down.

• ▶ Reply

landownerPermalink Reply by RAY on March 20, 2009 at 4:35

I read an article stating that the HS wells are producing at a rate that they are paying themselves off in a few months & several times over.

• ▶ Reply

landownerPermalink Reply by waltcop on March 20, 2009 at 16:34

Baron and Jim,
Yes, I do hope to interupt prescription, and I signed a lease but the company I signed with has not paid me any bonus money. The surface owner has received his bonus money (he has a different company than I have) so, prescription interuption may not be improved if I do go and try to get a good lease with someone else at this point. Instead, if I would receive a higher return (payout) by being "forced pooled" then that may be the way to go......you thoughts would be most appreciated.

• ▶ Reply

landownerPermalink Reply by danny meyers on March 20, 2009 at 16:46

Just because they have not paid you may not mean that the lease you signed is not binding.

• ▶ Reply