As an unleased mineral interest owner, if you do not lease your land, what happens to the bonus money that you were offered? Does it just go away? Or should it be like an Escro account and go towards your part of the cost of the well? Also, Do you think there should be a meter at the well site for public view?

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KCM, under "Document Images" you have to locate the "Field Order" for the section in question. You can also look for well permits in the section.

Finally, you can always just drop a comment on my page and I can look up that information in my data file.
i have been told in texas it is within the rights of the mineral/royalty owner to install their own meter which would then transmit the data to be retrieved via the internet.
this is an expensive but for sure way to know or another option would be to place a web cam on the meter.
kj
Yes the question about the bonus money should not have been asked on this site because of replies like yours. But your reply about the meter for public view is wrong. If you do not sign a lease or if you do sign a lease, you should have the right to know the production of the well. The news you get online is old news. If your energy company put a cover over your house meter you wouldn't feel very comfortable about that. As for your reply about the cake? I will have my cake and eat it too. That is why I did not sign a lease.
Ethan, let's put it this way: You have a well on your property; I live in the same section and have signed a lease. How 'bout I check that well's production whenever I feel like it? I don't want people all over my property and I'm sure you don't either. There are resources in place for that (SONRIS). JMHO
Ethan,
The questions of the bonus money was spot on for this site. You don't take it, don't worry about where it goes. And no, my response about the public meter view is not wrong. It is dangerous and illegal. The info the Department of Conservation gets is not old news, it is "THE" news. Putting a cover over my meter at my house is not the same thing, and you know it. Eat your cake, don't sign your lease, I do not care.
Your the big boy. Check back in a coule of years.
I probably said it better on another thread, but poking around at wellsites can be dangerous and can be against the law, or both! Unless you have documented approval to be on the wellsite, you are trespassing. That might actually extend to the landowner! Depends on what the lease and/or surface use agreement states. Haynesville wells are high pressure and contain some levels of H2S in some parts of the play. H2S is a killer and you probably won't know you are in a dangerous concentration until, well, you're dead!

Production data is reported to the state via the Conservation office. You can also get this data from the tax assessor's office in some counties/parishes. I know you can get it in Texas. Its public information, but a bit difficult to sort through without some help.
has anyone seen any statistics on how many meter readers get blown up each year? i'm sure it happens, but i can't recall ever hearing of one. the meter reader at my wells does a drive thru, he never gets out of the truck, and he never turns it off. the trespass is another and very serious issue.
kj
New technology has made the life of a lease operator/meter reader a much safer one. It also has allowed them to do a lot more...interpret the data they gather rather than spending all of their time reading meters, picking up charts, etc. In the old days they spent more time driving to wellsites, reading meters, etc. and very little time evaluating what the well was actually doing and how it was behaving. The lease operator of today does a lot more sophisticated tasks and makes the company (and the royalty owner) a lot more money!
I was told, by someone in the O & G business, that every new well is monitored via computer from the wellhead. The solar panels at each site power the computer and every detail from each wellhead is sent to the operator continually.
I don't know if that is true or not.
depends on the operator.
Don't quite know what "other" you are referring to. I do know that the data must be corrected for standard conditions (pressure and temperature) but that's pretty straight forward. I don't have as much experience with real time metering on gas wells...I'm still living in a world when we had the old pressure charts that had to be sent off and "integrated" to get rates. Dating myself here I'm sure.

Don't worry, there are auditors in the tax assessor offices that keep an eye on those big well volumes. Plus, most wells these days have non-operating WI owners who keep an eye on the operator as well. Do you think BP is going to "trust" CHK to properly account for all of the gas without keeping an eye on them? That gives a royalty owner a lawer of protection.
What mark says is true, but remember, the SEC, an independent auditor, and experienced financial companies with billions of dollars of money were "watching" Bernie Madoff, too.

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