What if I never lease and a well is drilled in my section? Wise investment for the future?
I'm considering not leasing my seven acres in section 13 in western Shreveport. 100 percent and no bonus is a lot better deal if it all plays out. This section is mostly wooded, somewhat rural, and should be attractive for a company to drill on. I have found very little on the subject and can find no one that receives royalties and did not lease. One website gave this information:
What are our options if we didn’t sign a lease with the gas company?
You either become a participating member or a non-participating member.
Explain these.
1) As a Participating Member you would participate in the expenses of drilling and maintenance for that well. You would also be entitled to 100% of the gas under your property. The gas company would have to approve you as a Participating Member.
2) As a Non-Participating Member you would not participate in the expenses of the well and you would be entitled to 100% of the gas under your land AFTER the gas company has recouped 100% of their drilling expenses and in some cases 200% of their drilling expenses.
I have heard talk of "forced pooling" and don't understand how that works either. Maybe its just a part of the above. Thanks in advance for any advice. Don Stamper, Shreveport
This is a repost from the south Caddo group since it got no replies there. Thanks, Don
What are our options if we didn’t sign a lease with the gas company?
You either become a participating member or a non-participating member.
Explain these.
1) As a Participating Member you would participate in the expenses of drilling and maintenance for that well. You would also be entitled to 100% of the gas under your property. The gas company would have to approve you as a Participating Member.
2) As a Non-Participating Member you would not participate in the expenses of the well and you would be entitled to 100% of the gas under your land AFTER the gas company has recouped 100% of their drilling expenses and in some cases 200% of their drilling expenses.
I have heard talk of "forced pooling" and don't understand how that works either. Maybe its just a part of the above. Thanks in advance for any advice. Don Stamper, Shreveport
This is a repost from the south Caddo group since it got no replies there. Thanks, Don
Views: 145
Replies to This Discussion
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Permalink Reply by boo on -
correct, but they leased my ex husband so they say for his portion but they gave him the full amount of the sign on bonus 2 years ago. So actually they did not do their homework. Back then i thought it was for the whole property when he signed the lease in My living room.....They crossed my signature off of the lease.Now when I called Camterra they are saying that they only leased his portion and now that the bonus' are up there they don't want to pay any more than $1000 and they told me that they put me on the back burner and now that a well is drilled and producing I'm screwed..... any which way. they don't even really want to lease me cause they have their 90% of people for this unit and I am already forced pool.
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Permalink Reply by boo on
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so now all that is left for me to do is hire an attorney? The oil company should have to come lease me cause I was not given the option to lease b/4 being force pooled, Nor or they worried about it now. Yes I would have signed the lease if given the opportunity as I did on the land to the same people that leased my ex that I am presently living on.
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