Replies to This Discussion

Permalink Reply by nick waters on January 27, 2012 at 4:04

Go to the EOG Resources website and click on the Intrest Owners tab, then click on the Check Details Example, this should answer all your questions.

Permalink Reply by Donald Pearce on January 27, 2012 at 10:11

Nick,  I went to the EOG website as you suggested and studied their example report.  I think I was able to solve my own problem, I then called EOG to verify it.  It seems EOG pooled with land that was leased by Sampson Lone Star and the numbers reported to RRC is the total production.  Sampson markets their own share so the numbers appearing on the check reports only reflect the EOG share.  It  was confusing to me as the report sent to me gave no indication of the effects of pooling.  It looks like with the price of gas now it wouldn't be realistic to expect to see other wells being drilled anytime soon on this lease now that they have it secured.  Thanks for your assistance.

Permalink Reply by mh on January 27, 2012 at 8:13

I do not disagree with Mr. Waters--they offer a good explanation. However, there is another little kicker to your question. Evidently they submit production reports on a different scheduled day than they use to cut checks. I do not know why. You have to chart it over several months. It would save much confusion and trouble if the numbers matched. Welcome to the club! Enjoy.

Permalink Reply by Lynda Scoggins on January 28, 2012 at 4:31

We had the same problem. Are you in the Scoggins Unit?

Permalink Reply by Donald Pearce on January 28, 2012 at 4:54

No, I'm in the Badders Family Unit.  Our well was completed in June.

Permalink Reply by Lynda Scoggins on February 17, 2012 at 4:24

The Scoggins well turned out to be a disappointment!  We are pooled with over 800 ac. and the permit said 612ac. Our lease even states that 612  ac.  Is this legal?  EOG is having trouble getting our royal % right.