Is there a time limit an operator must drill addtions well in unit? - GoHaynesvilleShale.com2024-03-28T14:36:22Zhttps://gohaynesvilleshale.com/forum/topics/is-there-a-time-limit-an-operator-must-drill-addtions-well-in?commentId=2117179%3AComment%3A2778100&feed=yes&xn_auth=noOne indicator of "reasonable…tag:gohaynesvilleshale.com,2012-12-06:2117179:Comment:27839652012-12-06T01:16:16.358ZAndrewhttps://gohaynesvilleshale.com/profile/Andrew358
<p>One indicator of "reasonable prudence" is expectation and likelihood of making a profit for the operator. If infill drilling wouldn't be profitable with the same production numbers as the existing well I'd say no reasonably prudent operator would drill it. You will have to wait for it to be a win/win scenario for you and the operator for any new wells, IMO. </p>
<p>One indicator of "reasonable prudence" is expectation and likelihood of making a profit for the operator. If infill drilling wouldn't be profitable with the same production numbers as the existing well I'd say no reasonably prudent operator would drill it. You will have to wait for it to be a win/win scenario for you and the operator for any new wells, IMO. </p> No, IMO it is a difficult cas…tag:gohaynesvilleshale.com,2012-11-30:2117179:Comment:27781002012-11-30T16:16:36.126ZBen Elmorehttps://gohaynesvilleshale.com/profile/BenElmore
<p>No, IMO it is a difficult case to make that, given low gas prices the past 4 years, an RPO would have drilled an additional well or well(s), because of the economics. </p>
<p>No, IMO it is a difficult case to make that, given low gas prices the past 4 years, an RPO would have drilled an additional well or well(s), because of the economics. </p> Ben--thanks for reply-- so in…tag:gohaynesvilleshale.com,2012-11-30:2117179:Comment:27779432012-11-30T13:56:52.440Zadubuhttps://gohaynesvilleshale.com/profile/adubu
Ben--thanks for reply-- so in your opinion an RPO would already have drilled at least well #2 in the unit. If that is your opinion what should royalty owners in unit do at this time? Have I read your comment correctly?
Ben--thanks for reply-- so in your opinion an RPO would already have drilled at least well #2 in the unit. If that is your opinion what should royalty owners in unit do at this time? Have I read your comment correctly? The problem is your theory is…tag:gohaynesvilleshale.com,2012-11-29:2117179:Comment:27768352012-11-29T15:13:57.613ZBen Elmorehttps://gohaynesvilleshale.com/profile/BenElmore
<p>The problem is your theory is based on the assumption that gas prices are going to rise in the future. Under the law, that is too speculative, even if Warren Buffet is your expert. Our appellate courts would never allow it IMO. Most failure to develop cases of this type rely on past gas prices and that based on those prices an RPO would have drilled another well. </p>
<p>The problem is your theory is based on the assumption that gas prices are going to rise in the future. Under the law, that is too speculative, even if Warren Buffet is your expert. Our appellate courts would never allow it IMO. Most failure to develop cases of this type rely on past gas prices and that based on those prices an RPO would have drilled another well. </p> Ben-- thanks for reply. If it…tag:gohaynesvilleshale.com,2012-11-29:2117179:Comment:27765582012-11-29T12:48:38.079Zadubuhttps://gohaynesvilleshale.com/profile/adubu
<p>Ben-- thanks for reply. If it's case to case determined on facts existing please use the above production facts above for your opinion on forcing operator to drill another well. What other facts needed ? Thanks</p>
<p>Ben-- thanks for reply. If it's case to case determined on facts existing please use the above production facts above for your opinion on forcing operator to drill another well. What other facts needed ? Thanks</p> Adubu,
There is no hard and f…tag:gohaynesvilleshale.com,2012-11-28:2117179:Comment:27759402012-11-28T20:32:24.612ZBen Elmorehttps://gohaynesvilleshale.com/profile/BenElmore
<p>Adubu,</p>
<p>There is no hard and fast definition of an RPO. It a case-by-case determination made based on the facts existing at the time. </p>
<p>Adubu,</p>
<p>There is no hard and fast definition of an RPO. It a case-by-case determination made based on the facts existing at the time. </p>