Replies to This Discussion

Permalink Reply by Checkmateking on June 14, 2009 at 7:43

If he wants to lease your land, doesn't know what formation they are drilling, then tells you you will be force pooled I would be very wary of this guy.

Permalink Reply by easttexas12 on June 16, 2009 at 5:16

In my opinion, make Goodrich take two or three passes at you before considering anything. Forced pooling in Tx is rare and is a major hassel in Austin for the E & P companies (especially over 2 acres) and frankly the Tx Railroad Commission did not make this rule for the E & P companies, they created this rule so companies like Goodrich CAN NOT overlook or SHUT-OUT small landowners and must include them. That's why they are finally calling you.... Now you can haggle from a position of strength.....
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On another matter, in my opinion, ya'll watch, Chesapeake sold their shallow mineral rights to Indigo because Chesapeake could not drill and hold all their leases (in East Texas in particular). Indigo will punch hundreds of cheap wells to hold Chesapeakes leases in Rusk, southern Panola and northern Shelby counties. I believe that is the "40,000 contiguios acres," Indigo & Chesapeake have specified in their press release. If this is the case, and I believe it is, their name will be Mud in many a shale family in East Texas.