Any Information On Well In 17-15-10 - GoHaynesvilleShale.com2024-03-29T02:29:03Zhttps://gohaynesvilleshale.com/forum/topics/any-information-on-well-in?feed=yes&xn_auth=noDon't forget that a lease can…tag:gohaynesvilleshale.com,2009-12-08:2117179:Comment:10584982009-12-08T14:00:43.180ZBobi Carr ("parker")https://gohaynesvilleshale.com/profile/Bobi_Carr
Don't forget that a lease can be signed AFTER production.
Don't forget that a lease can be signed AFTER production. Operators will not let ~10% U…tag:gohaynesvilleshale.com,2009-12-08:2117179:Comment:10584722009-12-08T13:35:43.279ZShakirahttps://gohaynesvilleshale.com/profile/Shakira
Operators will not let ~10% UMOs stand in way of production. It bears repeating that O&G have a lot of $$$ and lawyers: unless you're a professional and litigation-ready, don't go UMO unless you are left with no alternative. Get as good a lease as you can and be done with it. (again, you might also have royalty payment issues, but UMO production payment issues are much larger)
Operators will not let ~10% UMOs stand in way of production. It bears repeating that O&G have a lot of $$$ and lawyers: unless you're a professional and litigation-ready, don't go UMO unless you are left with no alternative. Get as good a lease as you can and be done with it. (again, you might also have royalty payment issues, but UMO production payment issues are much larger) Caliente,
I know of another U…tag:gohaynesvilleshale.com,2009-12-07:2117179:Comment:10569972009-12-07T14:45:21.481ZHenryhttps://gohaynesvilleshale.com/profile/Henry48
Caliente,<br />
I know of another UMO, with an operator different from yours, who exceeds the 10% number (not by much). So, we now know of two different operators who will tolerate 10% under some circumstances.<br />
Good luck on your well -- I hope it makes the Hall of Fame.
Caliente,<br />
I know of another UMO, with an operator different from yours, who exceeds the 10% number (not by much). So, we now know of two different operators who will tolerate 10% under some circumstances.<br />
Good luck on your well -- I hope it makes the Hall of Fame. that's what I thought. Thankstag:gohaynesvilleshale.com,2009-12-04:2117179:Comment:10532162009-12-04T00:29:42.399ZJ. A.https://gohaynesvilleshale.com/profile/James57
that's what I thought. Thanks
that's what I thought. Thanks Correct sequence: section-tow…tag:gohaynesvilleshale.com,2009-12-03:2117179:Comment:10530452009-12-03T23:43:39.219ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
Correct sequence: section-township-range. Since many members are new to the terminology it's always a good idea to write as John has above or S19-15N-10W. Either way eliminates misunderstandings.
Correct sequence: section-township-range. Since many members are new to the terminology it's always a good idea to write as John has above or S19-15N-10W. Either way eliminates misunderstandings. The permit I discussed was in…tag:gohaynesvilleshale.com,2009-12-03:2117179:Comment:10530152009-12-03T23:31:53.750ZJohn Avatarhttps://gohaynesvilleshale.com/profile/JohnAvatar
The permit I discussed was in Section 17, T15N, R10W
The permit I discussed was in Section 17, T15N, R10W One of the surveyor crews cam…tag:gohaynesvilleshale.com,2009-12-03:2117179:Comment:10529442009-12-03T22:41:31.149ZJ. A.https://gohaynesvilleshale.com/profile/James57
One of the surveyor crews came today and said that they were surveying for section 20 of 17-15. Is there a application for this sec.?
One of the surveyor crews came today and said that they were surveying for section 20 of 17-15. Is there a application for this sec.? Missy, an unleased mineral ow…tag:gohaynesvilleshale.com,2009-12-03:2117179:Comment:10519962009-12-03T05:50:19.443ZLes Bamburghttps://gohaynesvilleshale.com/profile/LesB
Missy, an unleased mineral owner (UMO) is basically carried by the company(s) drilling a well in the section (unit). This means the operator will recoup the UMO's share of costs for drilling and operating the well from the UMO's share of any production (revenue). Once all costs are recouped, the operator will pay any remaining net revenue to the UMO. This is not really royalty but rather net revenue since operating and other costs are deducted.<br />
<br />
The theory is that a company would not drill in a…
Missy, an unleased mineral owner (UMO) is basically carried by the company(s) drilling a well in the section (unit). This means the operator will recoup the UMO's share of costs for drilling and operating the well from the UMO's share of any production (revenue). Once all costs are recouped, the operator will pay any remaining net revenue to the UMO. This is not really royalty but rather net revenue since operating and other costs are deducted.<br />
<br />
The theory is that a company would not drill in a section (unit) with significant unleased mineral interest since the operator is taking on risk for those interest for no profit. It is unclear what percentage of unleased mineral interest operators are willing to carry and it probably varies by company. Its a little more complicated…tag:gohaynesvilleshale.com,2009-12-02:2117179:Comment:10500612009-12-02T07:30:13.432ZJohn Avatarhttps://gohaynesvilleshale.com/profile/JohnAvatar
Its a little more complicated than is sounds. There is a contiguous servitude of over 2000 acres, covering portions of seven sections. The servitude has the same owners, but in different proportions on varying tracts. Section 17 has some tracts wherein Petrohawk Lessors own 40% and own 80% in others. The entire servitude is in a WMA. The only bridge crossing Loggy Bayou, that would enable Petrohawk to reach the interior sections of the servitude is not sufficient to move equipment over.…
Its a little more complicated than is sounds. There is a contiguous servitude of over 2000 acres, covering portions of seven sections. The servitude has the same owners, but in different proportions on varying tracts. Section 17 has some tracts wherein Petrohawk Lessors own 40% and own 80% in others. The entire servitude is in a WMA. The only bridge crossing Loggy Bayou, that would enable Petrohawk to reach the interior sections of the servitude is not sufficient to move equipment over. Petrohawks lease expires in 2011. By amendment to the lease Petrohawk must drill one well per section and complete in the Haynesville to hold the lease. They paid $20k per acre for what they have. It will be interesting. Les,
Please educate me about…tag:gohaynesvilleshale.com,2009-12-02:2117179:Comment:10499542009-12-02T04:36:13.049ZMissyhttps://gohaynesvilleshale.com/profile/Missy66
Les,<br />
Please educate me about UMI and the interest free loan. (In simple terms, please). What if there were a lot more unleased acres in that section? Would they drill and pay the UMO the 100% royalty?
Les,<br />
Please educate me about UMI and the interest free loan. (In simple terms, please). What if there were a lot more unleased acres in that section? Would they drill and pay the UMO the 100% royalty?