Daddy said "Never Sell Your Mineral Rights" - But, I Did - GoHaynesvilleShale.com2024-03-28T13:19:06Zhttps://gohaynesvilleshale.com/forum/topics/daddy-said-never-sell-your-mineral-rights-but-i-did?commentId=2117179%3AComment%3A3801433&feed=yes&xn_auth=noShame on Vine. If you own mi…tag:gohaynesvilleshale.com,2021-01-28:2117179:Comment:39632252021-01-28T16:57:35.488ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Shame on Vine. If you own minerals not covered by a lease, you are not a Working Interest (partner), WI. You are a UMI, Unleased Mineral Interest. The difference is substantial under Louisiana law. Only Lessees, individuals or incorporated entities who hold leases from mineral owners would be WIs. The WI must pay its proportional share of well costs and, going forward, Lease Operating Expenses (LOE). If a WI chooses not to pay, they are considered "non-consent" and will suffer a 200%…</p>
<p>Shame on Vine. If you own minerals not covered by a lease, you are not a Working Interest (partner), WI. You are a UMI, Unleased Mineral Interest. The difference is substantial under Louisiana law. Only Lessees, individuals or incorporated entities who hold leases from mineral owners would be WIs. The WI must pay its proportional share of well costs and, going forward, Lease Operating Expenses (LOE). If a WI chooses not to pay, they are considered "non-consent" and will suffer a 200% Risk Penalty. That means the well must recover twice the cost to drill and complete before a WI would receive any income. They would still have LOE deducted from their proportional share of production. A unit operator must pay the WI the amount that would be owed to royalty owners (Lessors) under the WI's leases and the WI must pass that along to the royalty owners are get sued. Legislation covering this requirement was passed in the last few years.</p>
<p>I suggest that you send a letter, certified/return receipt, to Vine stating that you are a UMI and not a WI, if indeed that is the case and see what they say. You should also include a demand for quarterly reports on the producing well so you can see when/if it will payout (recover the cost to drill and complete). This is also required by Louisiana law. Once a well or wells in which the UMI holds a mineral interest payout, they are due payment on their share of production (100% of their unit acreage) subject only to LOE.</p>
<p>Disclaimer: IANAL. That means, I Am Not A Lawyer. If you need one, I can refer you.</p>
<p></p> Hello, my name is Morgan Dill…tag:gohaynesvilleshale.com,2021-01-28:2117179:Comment:39631282021-01-28T16:41:33.798ZMorgan Dillhttps://gohaynesvilleshale.com/profile/MorganDill
Hello, my name is Morgan Dill. I own acres in the haysville shale desoto parish louisiana section 22 13n 12w. I am not leased, Vine has a producing well in this section and sent me a letter saying I was forced pooled into a working partner without my knowledge. I need any advice on what I should do. Thank you. Email is mwdill7422@gmail.com
Hello, my name is Morgan Dill. I own acres in the haysville shale desoto parish louisiana section 22 13n 12w. I am not leased, Vine has a producing well in this section and sent me a letter saying I was forced pooled into a working partner without my knowledge. I need any advice on what I should do. Thank you. Email is mwdill7422@gmail.com CNG is quite good where suppl…tag:gohaynesvilleshale.com,2019-03-27:2117179:Comment:38137732019-03-27T17:33:27.114ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>CNG is quite good where supply is cheap but only for "route" vehicles. The UPS truck being a good example but also city buses and garbage trucks. The limiting factor for CNG is two fold: it must be stored in a cylinder owing to the pressure required. It takes up too much room in a car trunk and a good bit of a pick up bed. The other challenge is fueling infrastructure. If a vehicle does not return to a central facility each day it is impractical to set up CNG for long haul purposes. …</p>
<p>CNG is quite good where supply is cheap but only for "route" vehicles. The UPS truck being a good example but also city buses and garbage trucks. The limiting factor for CNG is two fold: it must be stored in a cylinder owing to the pressure required. It takes up too much room in a car trunk and a good bit of a pick up bed. The other challenge is fueling infrastructure. If a vehicle does not return to a central facility each day it is impractical to set up CNG for long haul purposes. Electric is available everywhere there is an existing gas/diesel fueling facility. Adding chargers is much simpler and cost effective. Also, because charging an EV takes a little more time than filling a tank with gas, retailers like it very much. People stop and eat. They shop. Think Buc-ee's.</p>
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<p></p> Okay thanks. I just think CN…tag:gohaynesvilleshale.com,2019-03-27:2117179:Comment:38138622019-03-27T16:03:39.641ZJohn M Santamariahttps://gohaynesvilleshale.com/profile/JohnMSantamaria
<p>Okay thanks. I just think CNG is a great solution for the immediate future. What are they using instead? Did you know that the lithium-ion battery was invented by a fellow Longhorn?</p>
<p>Okay thanks. I just think CNG is a great solution for the immediate future. What are they using instead? Did you know that the lithium-ion battery was invented by a fellow Longhorn?</p> John, you may be relieved to…tag:gohaynesvilleshale.com,2019-03-27:2117179:Comment:38138602019-03-27T15:58:06.292ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>John, you may be relieved to hear that when the lithium-ion batteries are no longer capable of functioning for EVs, they are retrofitted for use as home storage batteries. Ford is not the only manufacturer going electric, they all are. Some European countries will no longer allow sales of ICE vehicles after 2022. And that's all vehicles not just passenger cars. I sat in traffic in downtown Shreveport a few days ago behind a big beautiful Mercedes van, it was electric. I was passed by a…</p>
<p>John, you may be relieved to hear that when the lithium-ion batteries are no longer capable of functioning for EVs, they are retrofitted for use as home storage batteries. Ford is not the only manufacturer going electric, they all are. Some European countries will no longer allow sales of ICE vehicles after 2022. And that's all vehicles not just passenger cars. I sat in traffic in downtown Shreveport a few days ago behind a big beautiful Mercedes van, it was electric. I was passed by a city bus - cng. I pulled up at my destination and the UPS truck in front of me was cng. The switch away from ICE is happening now. And the pace is accelerating.</p>
<p>I'm headed out the door. Remind me later and I will look at the permit.</p>
<p></p> Wow, unexpected reply Skip. …tag:gohaynesvilleshale.com,2019-03-27:2117179:Comment:38137592019-03-27T15:48:58.183ZJohn M Santamariahttps://gohaynesvilleshale.com/profile/JohnMSantamaria
<p>Wow, unexpected reply Skip. It was announced in our sales meeting that Ford is developing an all electric pickup that will be available in the near future. Once again I think that there other variables that are "swept under the rug" concerning electric vehicles. Used up lithium ion battery disposal could be an ecological problem and especially when the amounts become large. China using coal to generate electricity negates the pollution saving advantages. It seems they are waking up to…</p>
<p>Wow, unexpected reply Skip. It was announced in our sales meeting that Ford is developing an all electric pickup that will be available in the near future. Once again I think that there other variables that are "swept under the rug" concerning electric vehicles. Used up lithium ion battery disposal could be an ecological problem and especially when the amounts become large. China using coal to generate electricity negates the pollution saving advantages. It seems they are waking up to the advantages of natural gas if the tariff nonsense doesn't screw that up too like soybeans which caused a substantial hit on our crop and we were lucky it wasn't worse than that like others. I always tell people we were supposed to be using flying cars in the 70's.</p>
<p> More importantly I was hoping to hear about the permit re-issue for Avoyelles if you had any info. Looks like there has been some positive press about the price of oil which can only help prospects for our Austin Chalk.</p> Thanks, John. My opinion of…tag:gohaynesvilleshale.com,2019-03-27:2117179:Comment:38137502019-03-27T15:11:20.193ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Thanks, John. My opinion of renewables and EVs replacing ICE vehicles is based on my news feed which brings me articles on a number of selected topics. You will not see the local or national news media cover in detail the innovation and evolution in photovoltaic cells and battery storage. You might get a little more coverage of EVs. Everyday there is news of a new process or a new technology being deployed in the real world. The most recent EV news that is good news for those who own one…</p>
<p>Thanks, John. My opinion of renewables and EVs replacing ICE vehicles is based on my news feed which brings me articles on a number of selected topics. You will not see the local or national news media cover in detail the innovation and evolution in photovoltaic cells and battery storage. You might get a little more coverage of EVs. Everyday there is news of a new process or a new technology being deployed in the real world. The most recent EV news that is good news for those who own one is the deployment of the Tesla V3 super chargers. A lot of people put range anxiety at the top of their list of EV concerns. A V3 charger will provide 75 miles of added range on a five minute charge. ~150 in ten. The Tesla pick up truck when it comes out will have better torque than an ICE pick up and thus a much greater towing capacity. All ICE vehicles are more reliable and less expensive to maintain. Less moving parts mean greater usable life span. Although third world countries may struggle with generating increased supplies of electricity that won't be a problem in the US or in most developed countries.</p>
<p></p> Just my opinion, but I think…tag:gohaynesvilleshale.com,2019-03-27:2117179:Comment:38134302019-03-27T14:17:17.735ZJohn M Santamariahttps://gohaynesvilleshale.com/profile/JohnMSantamaria
<p>Just my opinion, but I think people are getting way ahead of their skis on the issue of the demise of minerals and the ICE switch to electric. Yes I am in the car business and have been the beneficiary of the oil industry in various ways all my life. I just can't see parking their ICE vehicles and overnight switching to electric cars. What about all the millions who have just had the opportunity to own a car period in less developed countries. What always amuses me is people think the…</p>
<p>Just my opinion, but I think people are getting way ahead of their skis on the issue of the demise of minerals and the ICE switch to electric. Yes I am in the car business and have been the beneficiary of the oil industry in various ways all my life. I just can't see parking their ICE vehicles and overnight switching to electric cars. What about all the millions who have just had the opportunity to own a car period in less developed countries. What always amuses me is people think the electricity comes out of thin air and does not have to be generated by some fuel source.</p>
<p> My Daddy who was a very wise man used the business philosophy, "take some and leave some." I think that applies to my feelings about selling mineral rights. The old saying ,"one bird in the hand is worth two in the bush" applies also.</p>
<p> Always enjoy Skip's comments and advice as they are the product of knowledge and experience which based on my limited experience are always helpful in some way. Keep it coming!</p> The politics will certainly h…tag:gohaynesvilleshale.com,2019-02-28:2117179:Comment:38069942019-02-28T17:22:01.998ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>The politics will certainly have an impact to some extent however it is not politics that is leading companies including energy majors to invest heavily in renewable energy technology. The market has turned it's back on coal and is headed toward doing the same on natural gas. LNG export may help support prices in the short term but if solar+storage continues to evolve as it has over the last two years it will soon be cheaper for LNG importing countries to shift to solar. The time to…</p>
<p>The politics will certainly have an impact to some extent however it is not politics that is leading companies including energy majors to invest heavily in renewable energy technology. The market has turned it's back on coal and is headed toward doing the same on natural gas. LNG export may help support prices in the short term but if solar+storage continues to evolve as it has over the last two years it will soon be cheaper for LNG importing countries to shift to solar. The time to retire most ICE vehicles will take decades but at some point will weigh on the demand and price of crude. Oil majors are already looking to chemicals to replace oil demand in the near future.</p>
<p>Has the politics of the last two years saved the coal industry? No, because coal can not compete with natural gas for electric generation. The same will happen at some point as solar+storage becomes cheaper than natural gas. Politics can hasten the evolution in energy but it can not stop it. The market always rules.</p>
<p></p> I have a feeling the way this…tag:gohaynesvilleshale.com,2019-02-28:2117179:Comment:38071702019-02-28T16:53:05.295Zleehttps://gohaynesvilleshale.com/profile/lee46
<p>I have a feeling the way this country is leaning politically these may be the last days to make money on our minerals. </p>
<p>I have a feeling the way this country is leaning politically these may be the last days to make money on our minerals. </p>