Unsolicited offer in Section 26 T17N R12W - GoHaynesvilleShale.com2024-03-28T13:59:04Zhttps://gohaynesvilleshale.com/forum/topics/unsolicited-offer-in-section-26-t17n-r12w?feed=yes&xn_auth=noThat makes perfect sense. I f…tag:gohaynesvilleshale.com,2023-01-25:2117179:Comment:40368832023-01-25T15:44:37.386ZWes Merriotthttps://gohaynesvilleshale.com/profile/WesMerriott
<p>That makes perfect sense. I feel like I got a crash course in geology, the oil and gas industry, and contract negotiation from reading this site in the last several days. I appreciate the input and will keep ya posted.</p>
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<p>That makes perfect sense. I feel like I got a crash course in geology, the oil and gas industry, and contract negotiation from reading this site in the last several days. I appreciate the input and will keep ya posted.</p>
<p></p> You're welcome, Wes. I'm not…tag:gohaynesvilleshale.com,2023-01-25:2117179:Comment:40368162023-01-25T15:12:23.967ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>You're welcome, Wes. I'm not familiar with F.T.C. but there are so many mineral companies making offers that it's impossible to keep up with all of them. Every mineral buyer has a business model and F.T.C.'s may be to make offers in sections that are proven for economic Haynesville Shale but have no current development. I would suggest that you keep that letter and all the others you may receive. In the future you should be approached about a lease. Get the best terms you can and then…</p>
<p>You're welcome, Wes. I'm not familiar with F.T.C. but there are so many mineral companies making offers that it's impossible to keep up with all of them. Every mineral buyer has a business model and F.T.C.'s may be to make offers in sections that are proven for economic Haynesville Shale but have no current development. I would suggest that you keep that letter and all the others you may receive. In the future you should be approached about a lease. Get the best terms you can and then wait to see how quickly development will commence. The value of your minerals will peak when there is public record indications of the intent to drill the section. Most buyers are focused on an early return on their investment and royalty income from first production.</p>
<p></p> Thanks for the reply Skip. I…tag:gohaynesvilleshale.com,2023-01-25:2117179:Comment:40367362023-01-25T14:59:57.939ZWes Merriotthttps://gohaynesvilleshale.com/profile/WesMerriott
Thanks for the reply Skip. I don't currently have a lease, though I have only lived in this area for about 2 years. The company that wanted to buy our minerals was F.T.C. out of Edmond, Oklahoma.<br />
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Therr are no surface wells in our section, and no horizontal holes producing under the ground according to the DNR map overlay I used. Just to the north of us there is a ton of surface and underground activity.
Thanks for the reply Skip. I don't currently have a lease, though I have only lived in this area for about 2 years. The company that wanted to buy our minerals was F.T.C. out of Edmond, Oklahoma.<br />
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Therr are no surface wells in our section, and no horizontal holes producing under the ground according to the DNR map overlay I used. Just to the north of us there is a ton of surface and underground activity. Wes, Section 26 was unitized…tag:gohaynesvilleshale.com,2023-01-25:2117179:Comment:40368132023-01-25T14:53:47.333ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Wes, Section 26 was unitized as HA RA SUJJ. There is no well producing from 26, thus no royalties have been paid in that section. In the age of horizontal wells, surface locations often do not indicate the section being produced. Many wells are drilled on well pads located outside the unit that the well will produced. Are your minerals leased? If so, what is the royalty fraction in that lease?</p>
<p>Wes, Section 26 was unitized as HA RA SUJJ. There is no well producing from 26, thus no royalties have been paid in that section. In the age of horizontal wells, surface locations often do not indicate the section being produced. Many wells are drilled on well pads located outside the unit that the well will produced. Are your minerals leased? If so, what is the royalty fraction in that lease?</p> So according to the map overl…tag:gohaynesvilleshale.com,2023-01-25:2117179:Comment:40369792023-01-25T14:50:05.833ZWes Merriotthttps://gohaynesvilleshale.com/profile/WesMerriott
So according to the map overlay, I'm in section 26, T17N, R12W. I didn't see any surface wells in my section, but 3 or 4 capped wells underneath me in my section.<br />
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I apologize for not know the terminology. The sections to the north of my have dozens of producing oil wells, closer to Jamerson Road and that area. I can only assume there is interest in our section just to the south of that active area.
So according to the map overlay, I'm in section 26, T17N, R12W. I didn't see any surface wells in my section, but 3 or 4 capped wells underneath me in my section.<br />
<br />
I apologize for not know the terminology. The sections to the north of my have dozens of producing oil wells, closer to Jamerson Road and that area. I can only assume there is interest in our section just to the south of that active area.