Tags:
Jim:
Are you aware that there's a new "oil" play a little north of your land?
And, c'mon. The taxes aren't really that much in La. You better be glad the land ain't in Tejas. Dem some taxes over there.
So, you might be making the dumbest move of your life.
In other words, since you've held it this long, why not wait another five years and see what happens? (I would.)
Yes, I know the lesson I've learned over these many years is that folks should never assume that any land anywhere in La. has been played out. Yep, so darn glad that I didn't let that kinda of thinking get me to do something dumb before the Haynesville came a callin' (per all our old low production on old hbp leases). But then . . .
BOOM!
We lucked out and had some land not under lease and the bonus money went well north of $10k an acre (way north of $10k/ac), along with 1/4 and a sweet "free royalty" clause, etc.
BOOM!
Yeah, and there's even a debate if new technology might just find productive NG shale in places that they're unsure of right now.
BOOM!
Plus, there's that dang "oily" rush to lease near you.
Good luck, Jimbo.
(BOOM!)
Fields do not hold leases in force. Production or Shut-In payments for lands covered under a lease are what matters. If you are not receiving royalty or shut-in payments its time to investigate.
Start by reading the lease. Especially Shut-In clause language. Then look at and make a list of all the wells in S7-20N-12W and their status codes. You'll have to use the state database to do this.
http://www.gohaynesvilleshale.com/group/sonris_help_center/forum/to...
You go to the courthouse and get a copy. It should be filed in the Grantor Index under the name of your predecessor in title. It will be helpful to know approximately when the lease would have been recorded. An approximate year will make the search easier although the actual month and day are not important.
Jim:
Skip does that type of research at the courthouse and, as I understand it, he has access to the records on his home computer, too.
Of course, as a working pro-landowner landman, I know his time is valuable and he can't just give away freebies to the many GHS members who are clueless when it comes to such stuff.
Yeah, well -- for the almost 4 years I've been a member on GHS (and I see that you've also been a member for almost that long, too, Jimbo) . . . I've advised many members as to my thoughts on how they should do their leases and/or manage their mineral estates. Sometimes certain folks are out of state, and they have no clue at all of where to start.
Anyway, what I've seen over and over again is that so many simply don't want to spend any money hiring a lawyer and/or hiring a landman to do some needed research.
In other words, people think they can save money and do it on the cheap themselves.
Now, true, some can. Some folks are able to figure some of the basics out and learn how to protect their holdings.
Yet, I always tell folks that good information is key to making wise decisions and that if they simply spend a few pennies to find out the truth from a legit insider, then those few pennies could easily end up paying tens of thousands of dollars in the return on the info investment.
Indeed, GHS is quite lucky to have Skip sharing his expertise and his concern for the little person, underdog. Nevertheless, the guy does have to pay his bills, too.
Also, I've never read of anyone complaining about Skip. His ethics and honorable ways have always been above reproach.
Yep, the world truly needs more such goodhearted landmen.
Good luck, Jimbo.
Skip, I have property in the following location. Can you tell me anything about that area
SE of NE, Sec. 1, T21, R14
Section 1 - 21N - 14W has never had a modern well drilled in it. I say a modern well because records are not that accurate before the 1930s. It is rare, in that part of NW LA, for there to be no historic wells however that has no relation or impact as to modern exploration and production. There is active leasing in the townships to your north that may eventually extend to your part of 21N - 14W. There is also leasing to your southwest. All you can do is sit tight and follow developments on GHS. Good Luck.
110 members
386 members
27 members
455 members
440 members
400 members
244 members
149 members
358 members
63 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com