Replies to This Discussion

Permalink Reply by SharonB T18N R15W S8 on August 18, 2008 at 3:11

Had you alreday gotten the unitization hearing notice and consent/nonconsent notice?

Permalink Reply by J Todd on August 18, 2008 at 3:17

Yes. We did not really understand the notices so I called the attorney's office who sent them...at the time I didn't really understand "unitization" but have learned more since that time. We hve not received a consent/nonconsent notice and am not sure about the legalities of those. I would think the fact we leased to a company, and are still under lease til Oct., implies we consent to drilling. That is the whole purpose of leasing the rts. But please fill me in re: consent/nonconsent. Would that apply to us?

Permalink Reply by SharonB T18N R15W S8 on August 18, 2008 at 5:01

You're right. I forgot you said you were under lease until Oct. Now it looks like you'll be held by production. But you'll still get your royalties.

Permalink Reply by J Todd on August 18, 2008 at 7:13

I sure hope so. I am optimistic they would not have proceeded with production if they did not feel positive there was gas. It's on the HS and I've talked to the geologists who work with Goodrich. The way I look at it, whatever royalties we received is money we were never expecting, so it's gravy and I am very grateful for it.

Permalink Reply by getoverit on August 26, 2008 at 15:21

Please keep us posted on how long it takes for your to start receiving royalties. I can't remember which section you were in. We are in 22-19-15.

Permalink Reply by J Todd on August 27, 2008 at 2:32

getoverit,
I'm in 28-19n-15w. I will do my best to keep the website informed. I've had too many personal tragedies to be as diligent about all of the HS stuff as I was a few months ago. If I can get to the DNR, Conservation office on Fairfield, or whatever it's called, I want to look up the well info. It is not on SONRIS yet. I appreciate your positive attitude about "receiving royalties". I am thinking positively as well. Although we missed out on bonus money, I'm glad we don't have to wait for the next 3 yrs, as in a new lease, to see if they are going to drill. IT IS in progress right now. Best of luck with your section as well!!

Permalink Reply by MIMI on August 25, 2008 at 7:22

Well lucky you--If they find gas--after prorata cost you will get 100% royalty--If I understand all this! Mimi

Permalink Reply by J Todd on August 25, 2008 at 9:57

I don't understand all of it either but have tried to learn what I could. I'm not sure what prorata costs include. We only have 8 acres, but like I said, it's money we weren't expecting....manna from Heaven in my book and I praise God for it. It couldn't have come at a better time.

Permalink Reply by Joel on September 2, 2008 at 3:36

Hi,

If I understood correctly, he said he was already under a lease. That means, what he'll get from the new well will be what's due under that lease - most probably not 100%.

Best,

Joel

Permalink Reply by StudyRN S2/18N/16W on September 26, 2008 at 9:08

Todd,
Are you close to section 2 18N 16W ?

Permalink Reply by J Todd on September 26, 2008 at 15:32

StudyRN,
I don't think so. We are in Sec. 28, 19N, 15W so we're not exactly adjacent to you.