What happens if I don't sign the lease? I have several concerns, and my O&G attorney does as well. Thanks.
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Then you are force pooled into a drilling and production unit and fall under the statutes of the Louisiana mineral code that deal with unleased mineral owners. Is your attorney an experienced O&G attorney? If so, he/she should be able to answer this question for you.
I'm sorry -- I should have told you this is Cass County, TX, and it's a brine lease. There are two wells on the property already that are producing oil under Plains All American. Thank you.
Thanks for letting us know, Julia. We have another member who has turned down a brine lease offer recently in Cass County. I'm pretty sure that "compulsory integration" as Texas likes to call force pooling wouldn't apply to forming a unit for brine development. Maybe we have a member that is familiar with the appropriate Texas statutes.
Here is a link to that discussion in the Cass County Group: https://gohaynesvilleshale.com/group/casscounty/forum/topics/brine-...
Thank you. My O&G attorney glanced at the lease and said she saw a number of problems right away.
The lease offers seem to be a fishing expedition. An attempt to get acreage under lease on the cheap prior to any real investment in testing the brine in Cass County for any economic concentrations of lithium.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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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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