Replies to This Discussion

Permalink Reply by Haughton Area on July 10, 2008 at 4:12

Dont sign, we are getting offers over $10,000 and 0.25% on Wafer / Bellevue / Winfield...Hold out....think of it this way Bossier Parish right now has the Biggest, most producing well in Elm Grove...The parish is fixin to get swamped with Big offers. If everyone settles for less $$ the big O & G Companies make more, hold out for whats rightfully yours.

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Permalink Reply by Haughton Area on July 10, 2008 at 4:15

If i was in Dogwood, i would fire the person who negotiated this deal and start all over or bail out if this group as quickly as possible, Stockwell should get around 15,000 an acre, my mom lives there.

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Permalink Reply by Les Bamburg on July 10, 2008 at 4:14

LS, just recognize it is not 100% "royalties". It is 100% of revenue less operating expenses. Royalties do not have expenses deducted. This assumes the unit operator markets the "carried" owners share of gas production since this is how revenue is generated. I would recommend you get legal advice to make sure the operator is obligated under Louisiana law to market your share of natural gas.

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Permalink Reply by Lotza Spotz on July 10, 2008 at 4:32

Hi, Les -- thanks for the clarification. Can you direct me to a state website or phone number I can call to get additional information on the relevant state law regarding whether the operating would be obligated to market our share of natural gas? If not, I doubt that any other company would be interested in pursuing what's left of Dogwood's unsigned residents -- a mere 20% as of today. I hate not knowing how to handle this. I'm out of state until the end of the month, so I'm a little handicapped in finding an attorney there. Thanks!

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Permalink Reply by Les Bamburg on July 10, 2008 at 4:50

LS, I have limited information but the following is a link for the relevant regulation. Especially note 10.A(2)(b)(i) and 10.A(2)(e)

http://law.justia.com/louisiana/codes/15/86885.html

You may want to also contact the Louisiana Office of Conservation:

http://dnr.louisiana.gov/CONS/conserv.ssi

Read through this website as there may be some references for attorneys

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Permalink Reply by Hidpocket on July 10, 2008 at 4:54

You are smart for not signing. Just thank if the barnett shale people got up to 25k and the HS is surpose to be producing 3 times more (elm grove well) It's dosen't take a rocket genius to figure, we in the bossier parish should get that or more for a bonus sign on.

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Permalink Reply by Cillian on July 17, 2008 at 6:46

That Dogwood deal is seriously messed up. Smacks of brainwashing, only you can't do it to someone who clearly doesn't have a mind of their own. Isn't Country Place going down the same stupid road with Twin Cities?

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Permalink Reply by Johnson on July 18, 2008 at 9:16

I feel bad for the Dogwood people. Obviously not many of them were members here.

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Permalink Reply by RAY on July 18, 2008 at 10:14

I hope the following excert from the FT. Worth area is not what happen here.

But energy companies are finding they can make these groups work for them, too. The companies are taking advantage of neighborhood associations to get access to more land, and more quickly, than when they had to negotiate dozens of individual deals. And they are using neighborhood organizers to put pressure on reluctant residents, offering higher payments to group members if they can win over holdouts.

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Permalink Reply by Johnson on July 18, 2008 at 10:20

Exactly what happend in Dogwood.

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Permalink Reply by RAY on July 18, 2008 at 11:45

their Neighborhood Assoc. sold out for $8750 per acre.
a monster well has been hit, not far away from them.

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Permalink Reply by Johnson on July 18, 2008 at 15:42

yep....my post wasn't a question. I was actually trying to agree with your earlier post. : )

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