Replies to This Discussion

Permalink Reply by BirdDawg, plain ole' idiot on October 31, 2008 at 16:32

Good advice Snake,
Also never forget,
Don't piss into the wind (or a fan), and never fart in a phone booth. Probably not a lot of help to you, just take it for what is worth. In my opinion, it is worth a lot more than about half of what I have seen on here lately.

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Permalink Reply by Snake Stewart on October 31, 2008 at 17:03

I have heard the "fan" one, but I was trying to shoot for originality points. That phone booth thing is something else all together tho. How about ......Dont burn that bridge till we get out from underneath it. Or ..... If you feed a man a fish.............He might get a bone stuck in his guzzle.

Man I love those old sayings. There's so much thought that went into them.(LOL)

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Permalink Reply by Martin on November 1, 2008 at 9:08

BirdDawsg --
Thanks for the grin. Hadn't heard the phone booth one before. But does anyone under 40 know what a phone booth is ? Ya' just got to wonder what Clark Kent does now a days when he gets the need to fly.....

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Permalink Reply by Slick1983 on November 1, 2008 at 5:21

Snake, maybe someone should start a new thread with old witty sayings. Many were very profound. Some were annoying; my mom used to say, "It doesn't hurt to want." as she turned me down.

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Permalink Reply by Snake Stewart on November 1, 2008 at 17:42

AAAHHHHHH, The old, "This is going to hurt me more than its going to hurt you" bit. My father so lovingly changed to "This is going to hurt you a lot more then its going to hurt me" !(LOL)

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Permalink Reply by Snake Stewart on November 2, 2008 at 1:39

Knew you was fibbing , HUH ! HA!HA!HA!HA!

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Permalink Reply by Martin on November 1, 2008 at 9:17

Folks --
My acreage is in T9n, in Sabine. About a week ago, (Oct 23) I and a couple of neighbors got phone calls from a lands man offering shallow leases, signing bonus of ~$200/acre. Very closed mouth about who he was representing... we all turned him down, partially out of fear that this would muddy the water when/if it came time to sign leases for the HS. We have neighbors that received $4000 -- $17,000 signing bonus per acre and 25% royalty.

Any thoughts on the potential hidden agenda that he might have? He didn't seem concerned about signing 55% of a section. Just what ever acreage he could get.

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Permalink Reply by Two Dogs, Pirate on November 1, 2008 at 10:11

The shallow rights should not matter to the shalers. Smaller outfits have been drilling for years into those formations. Ask anyone down around Belmont and they will tell you that the shalers gave them the large bonuses even if they had the shallow rights leased to another company. You should only lease the shale, reserve to yourself everything above and below the shale. The unit declarations recieved in your area definded those depths. Only lease those depths or lose them forever to the shalers. Shallow wells sometime unitize into smaller units so you would not have to have the whole section under lease. You may make more money in the long term from a shallow well. You don't know until you drill.

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Permalink Reply by Martin on November 1, 2008 at 10:17

Thanks 2xK9!

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Permalink Reply by Jimmy on November 3, 2008 at 7:33

Has anyone in in Shelby county actually recieved checks from Devon?

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Permalink Reply by CS in TX on November 3, 2008 at 8:36

We are still waiting - drafts deposited the first week of October.

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Permalink Reply by The_Baron on November 3, 2008 at 9:45

How many days do they have?

Remember, the time starts counting from when their bank receives the draft, not when you deposit the draft.

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