Replies to This Discussion

Permalink Reply by swoolley on December 19, 2008 at 3:28

I encourage you to stop guessing about what will happen when (if) production begins and contact an oil & gas lawyer to see what the law says about your rights. The operators of the well ( the people who will spend $millions to make it happen ) may be entitled under the law to recover 2 or 3 times their investment before you get begin to get paid, and after that amount is recovered you may have a pro-rata share of the well; that is, you may get 100% percent of your acreage share of the revenue (instead of 25%) less operating expenses, after the well has produced 2 or three times the cost of the well (and leases) . You would not have a royalty interest, you would be what is called a working interest owner along with the oil & gas company. As I said, contact a lawyer or research other information on this web site. The scenario outlined above is what happens under Texas law, I am sure that Louisiana law is different. The Haynesville is a high dollar crap-shoot, learn the rules if you want to play with the big boys; they already know the rules.

Permalink Reply by J Todd on January 12, 2009 at 5:14

Jaime,
Re: unleased acreage you may want to consider what I did if you have the time. I went to the Ct.house and looked up the owners of the largest tracts of land in my sec. Then I looked up their names on Anywho...then I called the owners and simply asked if they had leased. All of them were pleasant and cooperative. Unfortunately for them, they had leased before the HS explosion for hundreds per acre. You may still get a chance to lease but I really think the days of $15k/ac. and such are over. My landmen friends say the same thing, altho they have no control over amts. of bonus money. They can only offer what their co.s authorize them to do. Good luck.

Permalink Reply by Joe Dyer on January 17, 2009 at 20:34

Jaime T Joe Dyer here, I tlked with charles-Landman for matador very nice man. we came to after talking for awhile is 2500.00 an acre I agreed because since they are drilling horizontal wells all along me it,s the best to take it and run with it. they just won't budge. Itried and just about lost the whole deal. but look at in th long run,they are drilling all around us some of these wells will hit. good retirement money. you have to play there game for a long range plan because thats there plan and they are sticking to it by the Tee, Joe Dyer HWY 1 North drilling.

Permalink Reply by Iris on January 18, 2009 at 8:36

Jaime, depending on how much land you own, I would talk to a reputable attorney first, before I signed a lease. I am not a professional but long time participant of this site. Also a unleased landowner whose section will be force pooled shortly. Please ignore most of the replies so far to this discussion.

Permalink Reply by Jaime T on January 18, 2009 at 13:22

Thanks swoolley, J Todd, Joe Dyer, and Caddo Tiger for your posts. I have to say I agree with you Caddo Tiger, but thats what's so great about this forum, you get all the perspectives. I have contacted an oil and gas lawyer. Since I own 8 acres, he says I'm in the catbird seat and either wait for a fair offer or go unleased. Swoolley is incorrect about the driller charging the unleased landowner 2 to 3 times well expenses. In Louisiana it's one times the well expenses. Practically all of the section is now leased at very favorable terms for Matador and Samson, an average bonus of less than a thousand an acre and 1/5 royality. They can certainly afford to may me a fair price after the killing they made on the rest of the section. If they don't want to make a fair deal, fine with me, they can pay me now or pay me later. Only problem is the longer they dick around the more it's gonna cost em.