New to Shale and have a few questions - GoHaynesvilleShale.com2024-03-28T23:07:02Zhttps://gohaynesvilleshale.com/forum/topics/new-to-shale-and-have-a-few?id=2117179%3ATopic%3A809572&feed=yes&xn_auth=noP.S. Whatever you decide, ple…tag:gohaynesvilleshale.com,2009-07-31:2117179:Comment:8107822009-07-31T12:08:42.988ZMajor Bonniehttps://gohaynesvilleshale.com/profile/MajorBonnie
P.S. Whatever you decide, please do not sign anything without an attorney reviewing your lease--please do not hurry or feel pressured. I certainly would suggest you do more research.
P.S. Whatever you decide, please do not sign anything without an attorney reviewing your lease--please do not hurry or feel pressured. I certainly would suggest you do more research. If you do not get protective…tag:gohaynesvilleshale.com,2009-07-31:2117179:Comment:8107802009-07-31T12:05:03.436ZMajor Bonniehttps://gohaynesvilleshale.com/profile/MajorBonnie
If you do not get protective clauses you are asking for, you may be better off to be forced pooled. The amount they are offering you appears to be chunk change. Check some of the coaltions around you such as East 80 Oil and Gas Coalition.
If you do not get protective clauses you are asking for, you may be better off to be forced pooled. The amount they are offering you appears to be chunk change. Check some of the coaltions around you such as East 80 Oil and Gas Coalition. If you're not sure you own th…tag:gohaynesvilleshale.com,2009-07-31:2117179:Comment:8107042009-07-31T09:14:46.281ZMac Davishttps://gohaynesvilleshale.com/profile/MacDavis
If you're not sure you own the rights, be sure your lease does not require you to "defend the lease" or however they word it. i.e. You don't pay any legal bills for them if there's a dispute about ownership. Actually, you should probably not agree to that in any case.<br />
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Definitely be sure that they have NO rights to access the surface at all.<br />
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Be sure there's no automatic extension clause.<br />
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Do not grant exclusive rights to do seismography. In fact, I'd say not to grant any blanket seismographic…
If you're not sure you own the rights, be sure your lease does not require you to "defend the lease" or however they word it. i.e. You don't pay any legal bills for them if there's a dispute about ownership. Actually, you should probably not agree to that in any case.<br />
<br />
Definitely be sure that they have NO rights to access the surface at all.<br />
<br />
Be sure there's no automatic extension clause.<br />
<br />
Do not grant exclusive rights to do seismography. In fact, I'd say not to grant any blanket seismographic rights in the lease. If someone wants to do seismography, require them to negotiate with you each time. Sorry, Pattie! That's assumin…tag:gohaynesvilleshale.com,2009-07-31:2117179:Comment:8106302009-07-31T05:22:27.127ZHorseshoe Girl - a1https://gohaynesvilleshale.com/profile/HorseshoeGirl
Sorry, Pattie! That's assuming your neighbors with large tracts leased to O&G added an Exh "A" to their leases. Surely someone had the foresight to do so!!
Sorry, Pattie! That's assuming your neighbors with large tracts leased to O&G added an Exh "A" to their leases. Surely someone had the foresight to do so!! Pattie,
That isn't a bad dea…tag:gohaynesvilleshale.com,2009-07-31:2117179:Comment:8106272009-07-31T05:20:10.497ZHorseshoe Girl - a1https://gohaynesvilleshale.com/profile/HorseshoeGirl
Pattie,<br />
<br />
That isn't a bad deal on your lease, but what Henry said is KEY. You need protective clauses and addendums on your lease. All of the clauses in that lease are designed by the Pethawk legal team to work for Pethawk. Petrohawk is good about allowing the lessor to add some clauses to the lessor's benefit. No surface operations, Vertical Pugh clause, No transport fees clause, Shut-in limits -- all work for the lessor. Ask your neighbors with the majority acreage tracts if you can use a…
Pattie,<br />
<br />
That isn't a bad deal on your lease, but what Henry said is KEY. You need protective clauses and addendums on your lease. All of the clauses in that lease are designed by the Pethawk legal team to work for Pethawk. Petrohawk is good about allowing the lessor to add some clauses to the lessor's benefit. No surface operations, Vertical Pugh clause, No transport fees clause, Shut-in limits -- all work for the lessor. Ask your neighbors with the majority acreage tracts if you can use a copy of their Exhibit "A" (--attachment to lease: has property description, addendum clauses, and SIGNATURE LINES.) Make sure your Exhibit "A" is referenced in the body of the Lease itself. Also, ask your landman to get you a recorded copy of the lease. The clerks office should put the Instrument File No. on each page of a recorded copy. That way you are insured that its all on record. Thanks for all the responses.…tag:gohaynesvilleshale.com,2009-07-31:2117179:Comment:8102282009-07-31T00:32:35.873ZPatricia Murrayhttps://gohaynesvilleshale.com/profile/PatriciaMurray
Thanks for all the responses. We are in the rural arean ot in Doyline but mail goes through there. Yes those are the right numbers, they have pretty much gotten leases on 80% and it is already going to happen soon. The major land owners are already leased and we are getting better then them. Petro wants to drill befor their leases are up next May. Yes, they are just tying up the loose ends now and I don't think they care if we sign or not. It want hold them up so they don't have to negotiate.…
Thanks for all the responses. We are in the rural arean ot in Doyline but mail goes through there. Yes those are the right numbers, they have pretty much gotten leases on 80% and it is already going to happen soon. The major land owners are already leased and we are getting better then them. Petro wants to drill befor their leases are up next May. Yes, they are just tying up the loose ends now and I don't think they care if we sign or not. It want hold them up so they don't have to negotiate. We have decided to go ahead and sign. Hope we don't regret it lateer but, I do know the major land owners are only getting 18%, they just have most the land and are going to have the road on their land which will be even more money.<br />
Pattie<br />
<br />
P.S. Thanks again for all your responses. Don't forget that you don't h…tag:gohaynesvilleshale.com,2009-07-30:2117179:Comment:8101742009-07-30T23:55:30.664ZMac Davishttps://gohaynesvilleshale.com/profile/MacDavis
Don't forget that you don't have to sign a lease to get paid royalties.<br />
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In theory, you get paid more money if you're unleased than if you're unleased once the well is paid off. A lot of people believe that the operating company will cheat you if you're unleased.
Don't forget that you don't have to sign a lease to get paid royalties.<br />
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In theory, you get paid more money if you're unleased than if you're unleased once the well is paid off. A lot of people believe that the operating company will cheat you if you're unleased. The best recent offer I've se…tag:gohaynesvilleshale.com,2009-07-30:2117179:Comment:8101362009-07-30T23:36:32.739ZParkdotahttps://gohaynesvilleshale.com/profile/parkdota
The best recent offer I've seen in the Haynesville Shale area is $6,550/acre. I don't know if it varies from region to region, though. This price was in Gloster, LA.
The best recent offer I've seen in the Haynesville Shale area is $6,550/acre. I don't know if it varies from region to region, though. This price was in Gloster, LA. Definitely try to negotiate a…tag:gohaynesvilleshale.com,2009-07-30:2117179:Comment:8101172009-07-30T23:26:24.477ZOliviahttps://gohaynesvilleshale.com/profile/Olivia
Definitely try to negotiate a bit. We're in a different section, etc., and that can make a huge difference in the offer, but last year our first offer was for $1500. When our father (on his deathbed!) found out that his cousins were getting more he called and said bluntly that his cousins got $4500/acre and that's what he wanted too. They met his offer. So check with neighbors or anyone else in that area and make sure your offer is similar to theirs, and don't be shy about saying that "so and…
Definitely try to negotiate a bit. We're in a different section, etc., and that can make a huge difference in the offer, but last year our first offer was for $1500. When our father (on his deathbed!) found out that his cousins were getting more he called and said bluntly that his cousins got $4500/acre and that's what he wanted too. They met his offer. So check with neighbors or anyone else in that area and make sure your offer is similar to theirs, and don't be shy about saying that "so and so is getting this much" and letting them know you'd like the same amount. The worst they can say is no, the best they can say is yes.<br />
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Good luck! I'm not sure exactly if this…tag:gohaynesvilleshale.com,2009-07-30:2117179:Comment:8100592009-07-30T22:40:18.178ZPatricia Murrayhttps://gohaynesvilleshale.com/profile/PatriciaMurray
I'm not sure exactly if this is what you are asking for but papers say: located in section 9, township 16 north, range 11 west. It also said Elm Grove Plantation No.15 Well (serial No. 229326) thanks
I'm not sure exactly if this is what you are asking for but papers say: located in section 9, township 16 north, range 11 west. It also said Elm Grove Plantation No.15 Well (serial No. 229326) thanks