Replies to This Discussion

Permalink Reply by Muddigger on January 12, 2009 at 19:49

Its takes three pieces of paper to get a load of flowback pulled off this well that I'm on, I hardly think a little paperwork would scare off an oil and gas company.

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Permalink Reply by Carl on January 13, 2009 at 17:26

Our property leased months ago. We received a great bonus we're bound not to discuss. We had enough sense to have a good attorney handle the entire thing. They've already surveyed, staked and flagged where they will be bringing in the bulldozers to prepare the pad for that first horizontal on our property. But please, GoshDarn, tell me more about my naivety. (I love these people that think they can read a few paragraphs and profile the writer) I didn't come on here acting like a pompous ass and using that insulting tone. People that know you must really enjoy your company.

I didn't say even once that anyone needed to accept a bad deal. I'm only familiar with one deal and it was a good one. Don't put words in my mouth.
We got ours. I'd like to see others get something out of this as well. Sure, the gas companies will get to everybody eventually. My worry is that some folks may not be around to see something out of it. I can imagine decades of drilling this shale. If getting on board with a good lease with a good operator gets the ball rolling then what exactly is wrong with that? BTW, how'd you do with your lease?

I've always felt that asinine people shouldn't have internet access. The anonymity makes them even worse.

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Permalink Reply by Snake Stewart on January 13, 2009 at 19:20

Hello Carl,
You havent spent much time on here or you would know that GoshDarn is about as easy going as they come.

Without people being able to fully understand the thoughts that people like you and I try to put into words on this site, it can be difficult to understand exactly what someone may or may not be saying.We on occassion think the opposite of what the author intended. It is usually a simple enough fix. You just explain it a little better next time.

You accuse someone of putting words in your mouth at the same time you are accusing them of having a "pompous ass" attitude and insulting tone. Hum!

I am glad that you and yours made out like bandits on your deal. Many didnt.Many are facing tough decisions with those same lease offers and terms that you scoffed at earlier.If your sole purpose is to gloat, you serve no purpose. We all have our moments Mr. Carl, some just worse then others.

P.S. Where did you say you lived ?
BTW, before you ask, mines on here somewhere! HA!HA!HA! :-)

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Permalink Reply by Snake Stewart on January 17, 2009 at 3:14

Glad to help Gosh Darn. Not a problem

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Permalink Reply by BirdDawg, plain ole' idiot on January 13, 2009 at 3:45

Carl,
I think a vertical is approximately 3 million dollars (or a little more) verses about 8 million for a horizontal. Thats a lot of money to save.

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Permalink Reply by Dion Warr, CPL on January 13, 2009 at 8:32

Snake:

Why would you want to lease at a 1/5 at this point?

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Permalink Reply by Cathaus on January 13, 2009 at 9:36

round and around a landman goes,
when he tells the truth, no one knows!!

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Permalink Reply by Dion Warr, CPL on January 13, 2009 at 10:05

I always tell the truth, Cat. As much as possible, without revealing my client's confidences. That's was good landmen are supposed to do. Sorry y'all have run into a sorrier bunch of up there on the whole.

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Permalink Reply by Dion Warr, CPL on January 13, 2009 at 10:54

GD:

Fair enough:

1) I have been a landman for twelve years, full-time. I have lived in a 'landman family' since my mother started working for my stepfather nineteen years ago; thus, prior to a full-time career choice, I spent 'free time' (while not working on anything else) doing everything from coloring maps, recording leases, updating title, putting leases and lease packages together, etc.

2) No law school.

2a) I received my undergrad degree from Tulane in 1994, and not in Petroleum Land Management. I got in the business the old-fashioned way: family business. But, I was made to pay my dues like everyone else. So I learned to build abstracts, proof title, work with title attorneys in their drafting of title opinions (TOs), do title curative, build WI/NRI reports based upon division order TOs, work with company landmen, attorneys, and mineral owners (and their attorneys) in the drafting of leases, do mineral history (well history, production history, field order research, etc.) I've also represented a few lessors in negotiations, but predominantly, I am an independent landman who does service work for oil and gas companies. I am a card-carrying member of AAPL. I am not a CPL, but want to get back on that track real soon, as such designations and continuing education will become increasingly important as the business moves toward licensure.

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Permalink Reply by Caiman on January 13, 2009 at 12:38

Mr Warr, toooshaaa. You shouldn't have had to do that .If people would just do a little home work but I bet it was still fun.It's a shame you didn't get the direct apology desearved although it was sort of hidden in the posts.Your shared knowledge is appreciated by many

Permalink Reply by Cathaus on January 13, 2009 at 10:12

I apologize for that Dion. I know there are good and ethical landmen. We just have encountered precious few of them here.

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Permalink Reply by Dion Warr, CPL on January 13, 2009 at 10:56

Apology accepted. I am pretty irascible today, so I place some of the blame on myself.

(Probably because I have been on jury duty, which seems to be long on waiting and less on duty thus far.)

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