One Time Payment for SWD wells is a bad deal

I posted this info on the main page, then decided to add it here since I noticed several SWD wells permitted in Bienville. The going rate for these wells in East Texas is .05 cents per barrel and 10% of oil sales, plus surface damage. The offer I received did not include any per barrel amount or oil sales. IMO these offers are the equivalent to the early, cheap leases that we signed before we knew better. Now we know better. These SWD wells are a great asset for the O&G Co. and a permanant loss to the landowner.

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Replies to This Discussion

Permalink Reply by Terry L. Antee on December 18, 2009 at 10:06
That oil is skim oil, oil that is separated from the SW, if there is no oil, there are no oil sales.
Permalink Reply by Missy on December 28, 2009 at 11:18
There is always oil sale. The average landowner would not know this. My reason for posting this is to let the average landowner know. Just as when one signs a mineral lease, there are a lot of questions that you should ask. We don't know what to ask, if we haven't any knowledge at all.
Permalink Reply by Henry on December 29, 2009 at 1:58
Missy,
This has been a great post. Thanks for educating me.

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