In Arkansas, they are due on the 15th of each month; however they are not required to be filed until the well is actually completed... so any oil made during the completion phase will not be reported until that time. For example the SWN well in Atlanta field is still in the completion phase, so they do not have to file yet, but can sell oil since they have the proper authorization to do so.
Even then, they could neglet to file... the commision would send a letter demanding the filling. They can delay about another 60 days this way.
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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near…
ContinuePosted by Char on May 29, 2025 at 14:42 — 4 Comments
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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 |
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