Replies to This Discussion

Permalink Reply by Terry L. Antee on July 30, 2012 at 10:54

When the investors who participated in the well get three times their money back.  So if the total cost was $10,000,000 you will come back in when the well makes $30,000,000.01.  I am not sure about LOE, TAXES, Transportation, Compression, Marketing costs being added to get to 300% payout.

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Permalink Reply by Land Rover on July 30, 2012 at 17:55

X Rated

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Permalink Reply by robert minton on July 30, 2012 at 15:08

Probably not in your lifetime. My condolences.

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Permalink Reply by Oklahomachic on July 31, 2012 at 4:39

Really?

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Permalink Reply by Les Bamburg on July 30, 2012 at 16:28

Shirley, is the unit in Louisiana, Texas or Arkansas?  If the unit is in Louisiana, are you an unleased mineral owner?

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Permalink Reply by Oklahomachic on July 30, 2012 at 16:35

It is the Dorcheat Wells in AR... Does that make a difference?

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Permalink Reply by Dion Warr, CPL on July 30, 2012 at 17:39

Shirley:

You didn't elect one of the lease options available under the integration order??

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Permalink Reply by Spring Branch,mineral owner on July 31, 2012 at 4:23

Actually, I believe Shirleysewell is a working interest owner in the unit on which  she went non-consent.  I know this because I am also a small WI owner in the units in which she went non-consent.  Bonanza Creek Energy, Inc. is the Operator of the units in the Dorcheat-Macedonia Field.   They are drilling infield Cotton Valley wells (vertical).  She inherited this from her father.

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Permalink Reply by Oklahomachic on July 31, 2012 at 4:41

Yes, this is true.  I only went non-consent on some.  How long does it take to payback a 300%... I am in with most of the wells.. I am now getting a revenue that I am happy with... 

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Permalink Reply by Oklahomachic on July 31, 2012 at 4:41

Did you know my Dad?

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Permalink Reply by Les Bamburg on July 31, 2012 at 6:45

Shirley, Louisiana rules are very different than Arkansas and I am not familiar with Arkansas regulations.

 

By the way, in Louisiana you would not have been subject to a penalty if you are an unleased mineral owner. 

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Permalink Reply by Oklahomachic on July 31, 2012 at 4:52

I am glad everyone knows!!!!!! Trust ME I would LOVE for my DAD to be ALIVE so I could get a real answer, come on... I thought this was place for everyone to help out... ARGH!!! ((SIGH)) I call his friends that are Landman like he was... 

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