Replies to This Discussion

Permalink Reply by Bobi Carr ("parker") on August 4, 2008 at 17:01

BE NICE!!!

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Permalink Reply by Snake Stewart on August 4, 2008 at 17:05

Hello Mr. Scarbrock , Not speaking for Earl , he certainly doesn't need anybodies help especially mine in that regard .That being said....

If you hold to a position , as Les B has in this situation , proof isn't much to ask for in regards to certain standards that this site has maintained. If one uses, in anothers mind , a certain form of "evidence" then said evidence should be brought forth to prove your stance.If thats a problem , when you are called on it , Quit taking that stance.Nothing personal.Thats all , nothing more nothing less. Earl has taken , as many others have , that the case should be proven if Les B is going to keep using the "fear" to make people sign . I am not stating this is what Les is doing but perception is a very powerful thing. If you seem to fall on the other side of the fence more times then not , you will be looked upon by mineral owners to prove what you are saying and that it isn't just O&G propaganda. Just as our new friend below here Mr. Smith. When you come with that stuff the crowd is going to come right back at you. Dialogue is saught , not propaganda.

For the most part , the majority on this site are just plain old people. There are those with a greater understanding then others but plain old none the less. That being said , I do not believe you will ever find a more informed or info seeking group then these shalers ! This is life changing stuff for many ! Hard checks to the glass are coming ! You can always say your sorry tommorow , if you are wrong. If you are right then that could make all the difference in the world. Especially if you don't follow your gut feeling and just take somebody elses word for it . Knowledge is everything at this point in the game and there is no room for second guessing. Prove your stance or move on to something else.Theres no shame in that if it is just your opinion.

I only got 4 months experience in O&G . Been around people for 41.5 years. You could say I know people a whole lot better then I know O&G. Just my take on it.

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Permalink Reply by Two Dogs, Pirate on August 5, 2008 at 4:58

The laws, codes, statutes are all in the books for everyone to read. I suggest having a Black's Law Dictionary at your side when reading this stuff. If something hasn't been litigated then all you have is maybe this or that might be the outcome. This is not propaganda, it is law. How can someone answer to the un-answerable question that hasn't been proven in a court of law. I think Les B is just trying to point landowners in the direction to find the answers for themselves.

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Permalink Reply by Two Dogs, Pirate on August 5, 2008 at 7:07

Well said Earl and a big southern grin back to you. Like I have said before I don't like the term "Forced Pooled".

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Permalink Reply by Bobi Carr ("parker") on August 5, 2008 at 8:14

Earl,

I owe you kudos. I'm sorry but I automatically discount the arguement that someone is making when it gets out of hand. I'm sorry you are correct, I didn't get on here looking for pen pals.

Les has posted in many places in response to others that there is no 200% penalty for landowners. I defended him because I saw that even though he is in oil and gas, he called foul on that line of nonsence.

I have gotten extremely mad myself about all of this and trying to control myself.

I appreciate that you are here and sharing information. The information that you just posted is the kind of information that we all need to look at.

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Permalink Reply by Bobi Carr ("parker") on August 5, 2008 at 8:27

See apology below. I replied to the wrong post.

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Permalink Reply by Edward on August 4, 2008 at 16:01

Guys,

First, I am a landowner and also have working interest and royalties. I do not represent an oil and gas co. or any leasing outfit for Chesapeake, ect.

Please realize that oil and gas companies take huge risks to develop production. Before the first well is drilled large amounts of capital are required to do the geology, leasing and development. Several of you feel like the o and g companies are the enemy. If it wasn't for them risking so much money we would not be discussing this issue. If you have an acre or two and don't lease, thats fine. But as others have said if 50 to 60% won't lease the oil and gas co. will not drill. Besides is it really fair they take all the risk and you don't put up a dime and get 100% income after payout? Its is like the IRS. They are your silent partner, take 30% to 50% of the profits and don't invest the first dime in your business. If you loose money, they don't pay their part of the loss either.

I am familar with minerals in Louisiana and believe me, the landowner has much better rights here than in other states. Also, America is the only country on the planet that I know of that the landowner actually owns his mineral rights. Elsewhere the government owns them! Also, remember that as of August 15, the state passed a law that if you go non-consent there will be a 200% penalty. Which means the oil and gas co. will have the right to collect twice what the drilling cost for the well is. (For any company that may have leased acreage and goes non-concent in a unit that is not the operator, the penalty is 300 %.) So hold out for a while and then lease. By the way,the costs to drill a horizonal well is now close to $8 million with the run up in pipe costs and will never be as low as $5 million.

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Permalink Reply by Snake Stewart on August 4, 2008 at 16:17

Please read the earlier discussions on the 200% penalty as it has been covered extensively. Truth be known they are already hitting harder then that anyway.
What huge risk ? Over 8100 holes on the Barnett and zero dry holes. I am sorry but that song and dance has been played to death already.
If we don't lease will they go away ? Not hardly ! Too much money at stake. Who knows how much longer we will own our minerals when you consider the political state our country is in. For the time being this is my gas ! Not theirs ! I do not owe them anything except , as I have stated numerous times on this site, a quick kick to their hind end and a dirty look everytime I have to fill my truck up with gas. Their greed and shrewed business practices have helped bring our economy to the brink of disaster
I am sure that big O&G are glad to have you on their side. They need all the help they can get against me and my 15 acres. Don't worry too much about me Mr. Smith , I can't manipulate the economy like you know who can !

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Permalink Reply by Les Bamburg on August 4, 2008 at 16:26

Charles, please read Louisiana Regulation RS30.10.A(2)(e) and you will see the penalty ("risk charge") does not apply to an unleased mineral interest owner. So the operator can only recoup 100% of the cost with no penalty from the production for such an owner.

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Permalink Reply by Aubrey C. Sanders, Jr. on August 6, 2008 at 11:58

Glad you cleared that up. Thought I might have missed a recently passed statuate in law. I have never leased my land and have participated in quite a few wlls in NS_RR field. I have never paid more than 100% penalty.
In fact, I did negotiate leases and got Fina to drill first well I participated in. Only took about 10 years to get them to drill first well.

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Permalink Reply by Johnson on August 6, 2008 at 13:10

Did you pay 100% penalty on top of cost? Or just 100% of cost with no penalty?

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Permalink Reply by Bobi Carr ("parker") on August 6, 2008 at 13:26

Reported by many other posters on here that you only pay costs.

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