Replies to This Discussion

Permalink Reply by shelby on August 6, 2008 at 8:32

WoodsPostOffice,
Do they really have no obigation to provide a copy of the lease if requested by the Lessor. If no copy can be produced, how can the O&G company hold their mineral position?
Shelby

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Permalink Reply by shelby on August 6, 2008 at 14:53

Timmy Bob,
Are you working the Haynesville Shale leases in Texas? Are Pugh Clauses
unrecorded, opening up permanent held by production rights for O&G companies, as long as they have been in compliance for say many years, on existing leases.
Shelby

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Permalink Reply by shelby on August 6, 2008 at 16:41

Jim McConnell,
Just approaching the issue with a little skeptism; some of the recording devices I've seen on abandoned wells look like a rusted music box; would think one would want to verify lifetimes of compliance by both the mineral owner and the O&G companies.
Shelby

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Permalink Reply by patrick hays on August 7, 2008 at 9:02

What do you have to do to verify compliance? A lengthy road with a lot of forks? Or can you go to the courthouse and look those up. I know the companies have to register with the state the production figures but who does that research professionally? Is it worth it? yes if .00008 vs .25% but how slippery is this slope?

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Permalink Reply by shelby on August 7, 2008 at 16:14

No gas company would contest this, or would this be fruitless effort? Could a shut in qualify as an abandoned well? What is the difference between a shut-in or capped well and an abondoned well; $2.50 cent per acre per year for shut-in fee? I guess if they failed to pay shut in, the lease would be mute, and their interest truly would be abandoned.
Shelby

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Permalink Reply by Gone Fishin on August 7, 2008 at 11:02

As I understand it , in Texas the courts have said the company who developes the minerals has an implied obligation to develop the acreage to its potential. So If you have a rinky dink well doing nothing and other acreage around you is pumping haynesville millions, you probably have a good case. My bet is whoever wants that property knows something or they wouldnt be wanting it. I'm not an attny. but you should find a good one.

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Permalink Reply by shelby on August 7, 2008 at 16:20

thanks for the advice gone fishin. I guess sooner or later we all have to get tight with an attorney. i know some good ones fortunately, but, it still is stressing to have to jump through endless hoops to get to the obvious.
shelby

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Permalink Reply by patrick hays on August 8, 2008 at 15:38

How do you search a particular field to see if it was drilled to a proper density or if drilled continuosly. I agree that lease money has done a lot of good and with a contract both sides must live up to their side. However I believe researching your leases is important. As well as a fair market value if applicable. Thanks for all responses

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