Encana Lease Offer - Amite County
Oh, how things have changed!!I recently received a forced integration letter on the Powell 10H Unit in sections 3, 10 and 15, T1N-R5E Amite County. This letter offers a lease of 15% royalty interest with a $75 per acre bonus for a 5 year term. In June of 2015 I received the same letter offering 18.75% RI with $200 bonus for a 3 year with 2 year option.
Does $75 per acre with 15% royalty interest actually constitute a "good faith" offer now??? Anyone else receive this offer?
Views: 1604
Replies to This Discussion
-
Permalink Reply by Skip Peel - Mineral Consultant on -
A non-consenting mineral interest does not figure into the NRI as it is not a royalty interest. Yes, the operator would own 100% of the non-consenting party's prorated production until their portion of the well cost is recovered 3 times over. With a 300% risk penalty few TMS wells will ever PO.
- ‹ Previous
- 1
- 2
- Next ›
Support GoHaynesvilleShale.com
Top Content
Blog Posts
The Lithium Connection to Shale Drilling
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
Livingston Parish, LA
34 members
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
-
Fayetteville Shale
149 members
-
North Caddo Parish
358 members
-
Central Texas Gas
63 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
