Chesapeake need I say more - GoHaynesvilleShale.com2024-03-28T11:41:41Zhttps://gohaynesvilleshale.com/forum/topics/chesapeake-need-i-say-more?commentId=2117179%3AComment%3A3776111&xg_source=activity&feed=yes&xn_auth=noThis is a small acreage (doub…tag:gohaynesvilleshale.com,2018-11-13:2117179:Comment:37798602018-11-13T04:02:53.448Zkittycatmamahttps://gohaynesvilleshale.com/profile/kittycatmama532
<p>This is a small acreage (doubt a larger acreage would make a lot of difference). They said they would lease me but it was not a legal document nor did they guarantee a percentage but said it would "probably be a 25% lease. I wish the state would do what Skip suggested and that is to get companies to offer unleased mineral owners 25% lease and no bonus. I would have jumped at that</p>
<p>This is a small acreage (doubt a larger acreage would make a lot of difference). They said they would lease me but it was not a legal document nor did they guarantee a percentage but said it would "probably be a 25% lease. I wish the state would do what Skip suggested and that is to get companies to offer unleased mineral owners 25% lease and no bonus. I would have jumped at that</p> "an (oil company) has no obli…tag:gohaynesvilleshale.com,2018-11-12:2117179:Comment:37791742018-11-12T18:33:18.877ZBob Zimmermanhttps://gohaynesvilleshale.com/profile/BobZimmerman
"an (oil company) has no obligation to offer a lease"<br />
<br />
And they might or might not if you fit a certain vulnerable landowner profile and they think they can beat you out of your money.
"an (oil company) has no obligation to offer a lease"<br />
<br />
And they might or might not if you fit a certain vulnerable landowner profile and they think they can beat you out of your money. A letter from CHK stating tha…tag:gohaynesvilleshale.com,2018-11-12:2117179:Comment:37779642018-11-12T17:51:21.525ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>A letter from CHK stating that they would offer a lease on new wells is not a contract and not legally binding. Since all the Haynesville Drilling & Production units are "compulsory", CHK has no obligation to offer a lease. I have talked with several attorneys and industry associates about the possibility of legislation to require a standard lease with no bonus and a quarter royalty as an option for unleased mineral owners who do not wish to stay unleased. Not much likelihood of that…</p>
<p>A letter from CHK stating that they would offer a lease on new wells is not a contract and not legally binding. Since all the Haynesville Drilling & Production units are "compulsory", CHK has no obligation to offer a lease. I have talked with several attorneys and industry associates about the possibility of legislation to require a standard lease with no bonus and a quarter royalty as an option for unleased mineral owners who do not wish to stay unleased. Not much likelihood of that at this point as mineral owners are not seen as critical constituents by the majority of politicians. Many of those politicians are indebted to the O&G industry for campaign funding. CHK, and any operating company for that matter, should be held to the requirements of the Mineral Code regarding Unleased Mineral Interests. An experienced O&G attorney could advise on the specifics of that issue.</p>
<p></p> KCM,
You need an O&G lawy…tag:gohaynesvilleshale.com,2018-11-12:2117179:Comment:37776572018-11-12T17:40:34.873ZBob Zimmermanhttps://gohaynesvilleshale.com/profile/BobZimmerman
KCM,<br />
You need an O&G lawyer at this point, and you also need your friends and their acreage to interest one. Since they don't have a clue about what to do and this could be big money in their case, they should let your case run parallel to theirs out of gratitude. Start looking for an attorney now, as it may take some time to find one versed in Louisiana O&G law. They're kind of a rare breed, to say the least. You and your friends probably have valid claims if production is ongoing and…
KCM,<br />
You need an O&G lawyer at this point, and you also need your friends and their acreage to interest one. Since they don't have a clue about what to do and this could be big money in their case, they should let your case run parallel to theirs out of gratitude. Start looking for an attorney now, as it may take some time to find one versed in Louisiana O&G law. They're kind of a rare breed, to say the least. You and your friends probably have valid claims if production is ongoing and the acreage not leased. Don't just "sit" on your rights very long. Best of luck. Thanks, dbob. I'll take your…tag:gohaynesvilleshale.com,2018-11-11:2117179:Comment:37775762018-11-11T21:12:22.629ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Thanks, dbob. I'll take your world on it.</p>
<p></p>
<p>Thanks, dbob. I'll take your world on it.</p>
<p></p> Skip
Fairly certain if you d…tag:gohaynesvilleshale.com,2018-11-11:2117179:Comment:37775162018-11-11T21:01:14.465Zdbobhttps://gohaynesvilleshale.com/profile/dbob
<p>Skip</p>
<p></p>
<p>Fairly certain if you dig deeper, CHK bought out Wildhorse in its entirety (for good or bad). </p>
<p>Skip</p>
<p></p>
<p>Fairly certain if you dig deeper, CHK bought out Wildhorse in its entirety (for good or bad). </p> The only assets mentioned in…tag:gohaynesvilleshale.com,2018-11-11:2117179:Comment:37773552018-11-11T16:14:19.072ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>The only assets mentioned in the articles on the sale were Eagle Ford.</p>
<p></p>
<p>The only assets mentioned in the articles on the sale were Eagle Ford.</p>
<p></p> Skip did Chesapeake buy all o…tag:gohaynesvilleshale.com,2018-11-11:2117179:Comment:37775062018-11-11T16:11:32.775Zkittycatmamahttps://gohaynesvilleshale.com/profile/kittycatmama532
<p>Skip did Chesapeake buy all of Wildhorse assets? I know Wildhorse bought some major assets from other drillers in 2017.</p>
<p>Skip did Chesapeake buy all of Wildhorse assets? I know Wildhorse bought some major assets from other drillers in 2017.</p> CHK made an official announce…tag:gohaynesvilleshale.com,2018-11-08:2117179:Comment:37761822018-11-08T16:15:17.039ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>CHK made an official announcement. It's not a rumor. And it will have a material effect on their NW LA drilling plans which will in turn will have an impact on their land decisions.</p>
<p></p>
<p>CHK made an official announcement. It's not a rumor. And it will have a material effect on their NW LA drilling plans which will in turn will have an impact on their land decisions.</p>
<p></p> Skip I heard the same thing y…tag:gohaynesvilleshale.com,2018-11-08:2117179:Comment:37761112018-11-08T16:09:10.451Zkittycatmamahttps://gohaynesvilleshale.com/profile/kittycatmama532
Skip I heard the same thing yesterday about Chesapeake moving their rigs into territory they bought from Wildhorse. Heard they were leaving only ONE rig in the Haynesville
Skip I heard the same thing yesterday about Chesapeake moving their rigs into territory they bought from Wildhorse. Heard they were leaving only ONE rig in the Haynesville