Replies to This Discussion

Permalink Reply by DJG on July 13, 2010 at 11:21

Some good news for y'all there in Nacogdoches County today:

EOG/Crane et al 1-H has a completion report filed today at TRRC and, drum-roll please...

31.175 mmcfd at 26/64 choke and over 9500 psia.

Looks like y'all are gonna give San Augustine County a run for the money!

http://www.gohaynesvilleshale.com/forum/topics/nacogdoches-texas-is...

Permalink Reply by reallyoldguy on July 13, 2010 at 12:55

I swore I'd never use this rediculous 'term' as long as I live, but here goes, "WOOOOO HOOOO"!!!

Permalink Reply by jffree1 on July 13, 2010 at 13:08

Never say never, LOL!!

Permalink Reply by reallyoldguy on July 13, 2010 at 13:29

"I want a brand new house on an episode of Cribs
And a bathroom I can play baseball in
And a king size tub
Big enough for ten plus me.

I need a a credit card that's got no limit
And a big black jet with a bedroom in it

'Cause we all just wanna be big rockstars
And live in hilltop houses, drivin' fifteen cars..."

Permalink Reply by BirdDawg, plain ole' idiot on July 13, 2010 at 13:32

Hey, wait a minute. You must not be that old..........

Permalink Reply by Two Dogs, Pirate on July 13, 2010 at 13:46

Wait a minute BirdDawg, I could see myself with fifteen cars. One of them is bound to start on a real cold morning.

Permalink Reply by DJG on July 13, 2010 at 14:06

Hey Reallyoldguy, I think the grandkids must have hi-jacked your account again....

Permalink Reply by ledlights on July 13, 2010 at 19:25

BD,

ROG just knows the Nickelback lyrics because their song was played on a hospital series - he watches any show related to health.

Permalink Reply by DJG on July 14, 2010 at 4:21

LOL

Permalink Reply by reallyoldguy on July 17, 2010 at 17:08

Ledlights: Dont be a hater...

Permalink Reply by ledlights on July 23, 2010 at 0:36

Nah, my nickname is A-ROG - almost really old guy.

Permalink Reply by taboot on July 26, 2010 at 1:33

hello d. gaar, et al.:

i welcome your help/input here -

within the last few days our family received an unsolicited offer from an oil and gas exploration company, stating that we owned certain acreage in nacogdoches county (to my understanding, consisting of a portion of the j.a. chireno grant, about 18 miles east from the city of nacogdoches), and offering to lease our "non-participating royalty interest" for three years, for $3400 per acre, with our family to retain a 1/5th royalty.
frankly, we were barely aware that we possessed this property interest and, in any event, are entirely unsophisticated in this arena.
so as we were trying to figure out what to do with this offer, meaning how to respond, i happened upon this internet site which seems to indicate that a well hit within the last week or so in or about this immediate area, and that the preliminary data looked promising.
so i assume this explains why the oil and gas exploration company contacted us and, more notably, why they seem quite eager to make a deal here.

so i barely know what questions to ask - e.g.:

how do we confirm whether the well that hit is within versus merely near our property interest?
in either event, what do we do/should we expect from here?
what if anything do we need to do to protect our "non-participating royalty interest"?
how should we respond to the outstanding offer (guessing we reject it if the well is within our property interest, but what if the well is merely near the property interest)?
and finally, assuming that the well that hit is actually within our property interest, how do we evaluate the worth of our "non-participating royalty interest"?

on behalf of my family, i sincerely appreciate any assistance any of you can provide here.

thanks.

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