Legislature Passes New Penalties - But They Are Not Applicable to Owners Who Don't Lease At All - GoHaynesvilleShale.com2024-03-28T23:28:31Zhttps://gohaynesvilleshale.com/forum/topics/2117179:Topic:6426?commentId=2117179%3AComment%3A7421&feed=yes&xn_auth=noFour score and seven years ag…tag:gohaynesvilleshale.com,2008-07-04:2117179:Comment:139022008-07-04T15:53:08.688ZSnake Stewarthttps://gohaynesvilleshale.com/profile/snakestewart
Four score and seven years ago , those cats that stayed on the internet 24/7 , got paid on the "Haynesville Shale" !
Four score and seven years ago , those cats that stayed on the internet 24/7 , got paid on the "Haynesville Shale" ! Sure , thats what we are tryi…tag:gohaynesvilleshale.com,2008-07-04:2117179:Comment:138992008-07-04T15:50:12.013ZSnake Stewarthttps://gohaynesvilleshale.com/profile/snakestewart
Sure , thats what we are trying to get BIG O & G to do, cooperate!
Sure , thats what we are trying to get BIG O & G to do, cooperate! Kassi:
Please read this disc…tag:gohaynesvilleshale.com,2008-07-04:2117179:Comment:138332008-07-04T14:23:02.768ZDrWAVeSport Cd1https://gohaynesvilleshale.com/profile/DrWAVeSportV
Kassi:<br />
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Please read this discussion. It is still a little confusing, but explains this 200% risk penalty. This measure still exempts landowners who don't lease.<br />
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Happy 4th to you and yours. Thanks for all your help with this.<br />
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DrWAVeSport 7/4/2008<br />
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P.S. To me...the GREATEST ASSET of "gohaynesvillehale.com" is its "historical recording" of this important history-making phenomenon called the Haynesville Shale Play. It will go down in the history books! And years from now, others will be able to…
Kassi:<br />
<br />
Please read this discussion. It is still a little confusing, but explains this 200% risk penalty. This measure still exempts landowners who don't lease.<br />
<br />
Happy 4th to you and yours. Thanks for all your help with this.<br />
<br />
DrWAVeSport 7/4/2008<br />
<br />
P.S. To me...the GREATEST ASSET of "gohaynesvillehale.com" is its "historical recording" of this important history-making phenomenon called the Haynesville Shale Play. It will go down in the history books! And years from now, others will be able to read about the day-by-day evolution of the 4th largest shale in the world...The Haynesville in NWLa!<br />
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Thanks "haynesville" My bad. My first post was not…tag:gohaynesvilleshale.com,2008-06-25:2117179:Comment:74212008-06-25T02:28:10.023ZGreyshadeshttps://gohaynesvilleshale.com/profile/Greyshades
My bad. My first post was not so good - it didn't take into account the old exclusion, which still applies. Led you down the primrose path...
My bad. My first post was not so good - it didn't take into account the old exclusion, which still applies. Led you down the primrose path... Les B:
Thank you for your co…tag:gohaynesvilleshale.com,2008-06-25:2117179:Comment:73822008-06-25T01:15:18.166ZDrWAVeSport Cd1https://gohaynesvilleshale.com/profile/DrWAVeSportV
Les B:<br />
<br />
Thank you for your correction. No, I had not read the previously posted clarification. I am retracting my soapbox statements, with an apology for misunderstanding on my part. But I still have some questions about this bill. I suppose in all fairness I need to direct these questions directly to Mr. Burns, thus eliminating my second guessing this measure's effects on NWLa.<br />
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I have read in my notes, some Oklahoma State Supreme case where a unleased mineral owner fought forced pooling and…
Les B:<br />
<br />
Thank you for your correction. No, I had not read the previously posted clarification. I am retracting my soapbox statements, with an apology for misunderstanding on my part. But I still have some questions about this bill. I suppose in all fairness I need to direct these questions directly to Mr. Burns, thus eliminating my second guessing this measure's effects on NWLa.<br />
<br />
I have read in my notes, some Oklahoma State Supreme case where a unleased mineral owner fought forced pooling and posthumously was billed for "costs and penalties" all the while not receiving adequate royalties or compensation. (Much, much more to it than I have space for in this venue) The decision went in favor of the unleased mineral owner's estate:<br />
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..."In the decision, the court has clearly demonstrated that under the present statute a mineral interest owner or one who owns a leasehold in a drilling and spacing unit could shield his interest from compulsory pooling proceedings or, at least, gain greater economic benefits from his interest..." O'Neil v. American Quasar Petroleum Co.<br />
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Thank you again, for your clarity and response. I am quite happy to be totally wrong in this situation. And my apology to Rep. Henry Burns for taking a negative view of his measure when I did not investigate the matter with a more responsible approach. Never too old to take a step back and look at something from a better vantage point.<br />
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DrWAVeSport 6/24/08 p.m. I think Les B got it right (s…tag:gohaynesvilleshale.com,2008-06-24:2117179:Comment:70432008-06-24T03:50:30.483ZGreyshadeshttps://gohaynesvilleshale.com/profile/Greyshades
I think Les B got it right (see below). I understood the rule before amendment, and then someone lobbed Act 115 at me and got me turned around. As Les B points out, the statute continues to exclude landowners who did not lease at all from the risk penalty.<br />
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Per our previous discussion - does going unleased make any sense economically?
I think Les B got it right (see below). I understood the rule before amendment, and then someone lobbed Act 115 at me and got me turned around. As Les B points out, the statute continues to exclude landowners who did not lease at all from the risk penalty.<br />
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Per our previous discussion - does going unleased make any sense economically? Just follow the money, lol.tag:gohaynesvilleshale.com,2008-06-24:2117179:Comment:69902008-06-24T02:31:43.235ZClyde J. Lengelhttps://gohaynesvilleshale.com/profile/ClydeJLengel
Just follow the money, lol.
Just follow the money, lol. DWS, I am not sure you read m…tag:gohaynesvilleshale.com,2008-06-24:2117179:Comment:69752008-06-24T01:56:01.167ZLes Bamburghttps://gohaynesvilleshale.com/profile/LesB
DWS, I am not sure you read my previous posting. The "non-consent" penalty does not apply to unleased mineral interest holders based on my interpretation of the regulation. The "carried" interest owner only has to cover the capital and operating costs from the proceeds. The penalty applies to O&G companies that have a working interest in the unit but does not impact any royalty or over-riding interest owners. Most O&G companies prefer not to have carried interest owners so it should…
DWS, I am not sure you read my previous posting. The "non-consent" penalty does not apply to unleased mineral interest holders based on my interpretation of the regulation. The "carried" interest owner only has to cover the capital and operating costs from the proceeds. The penalty applies to O&G companies that have a working interest in the unit but does not impact any royalty or over-riding interest owners. Most O&G companies prefer not to have carried interest owners so it should give incentive to get people to lease their acreage.<br />
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I welcome any other opinion on this matter. Anybody ever heard of coopera…tag:gohaynesvilleshale.com,2008-06-23:2117179:Comment:67562008-06-23T18:24:12.118Zbarneyfifehttps://gohaynesvilleshale.com/profile/barneyfife2
Anybody ever heard of cooperation? Besides in Mississippi the penalty is 300%.
Anybody ever heard of cooperation? Besides in Mississippi the penalty is 300%. Greyshades, thank you for the…tag:gohaynesvilleshale.com,2008-06-23:2117179:Comment:66482008-06-23T14:47:50.390ZLes Bamburghttps://gohaynesvilleshale.com/profile/LesB
Greyshades, thank you for the information. Please see the following text and link:<br />
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"(e) The provisions of Paragraph 2(b) above with respect to the risk charge shall not apply to any unleased interest not subject to an oil, gas, and mineral lease. Notwithstanding the provisions of Paragraph 2(b) the royalty owner and overriding royalty owner shall receive that portion of production due to them under the terms of the contract creating the royalty."…
Greyshades, thank you for the information. Please see the following text and link:<br />
<br />
"(e) The provisions of Paragraph 2(b) above with respect to the risk charge shall not apply to any unleased interest not subject to an oil, gas, and mineral lease. Notwithstanding the provisions of Paragraph 2(b) the royalty owner and overriding royalty owner shall receive that portion of production due to them under the terms of the contract creating the royalty."<br />
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<a href="http://law.justia.com/louisiana/codes/15/86885.html">http://law.justia.com/louisiana/codes/15/86885.html</a><br />
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I believe this is still effective so the unleased owner would be "carried" and only have 100% of the capital and operating cost deducted from his share of proceeds.