On the positive side of the coin about dealing with production companies...
A title analyst at EOG contacted us this summer. In going over our contract for a producing lease in East Texas with EOG, he discovered that we had a no cost clause that had been overlooked in our payments for the last two years, (this is one of the very few leases for which we have such a clause), and that EOG would soon be making up for the overcharges in our payments. They have subsequently made good on this. This also alerted us to check with their JV on this lease - Petrohawk/BHP. After communicating with them, they have also refunded similar overcharges on their portion of our payments for this lease.
Was this unprompted correction in part due to the current climate of greater diligence and law suits? Maybe, but BHP had not done similar diligence. We greatly appreciated this diligence and honesty on the part of EOG. As far as I can tell, everyone in my family had forgotten about the existence of that clause in our lease and in all likelihood would have never caught the mistake on our own.
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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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