Replies to This Discussion

Oil & Gas ProPermalink Reply by Rock Man on May 24, 2018 at 9:07

Is part of your position HBP via drilling during first lease term? Or does lease extension stipulate that they did not have to renew all your leases?

landownerPermalink Reply by etx44 on May 24, 2018 at 11:52

Been getting royalty payments since 2012.

Exco with no notice cut royalty interest by 1/2 for May 2018, that cut payment 50 percent?

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on May 24, 2018 at 12:42

Did you reply to the email seeking an explanation?  Or, called owner relations?

landownerPermalink Reply by etx44 on May 24, 2018 at 13:34

Yes called 10:45 today & 3:30 left two numbers & email.Have not returned call.
It is odd but no way an accident, they cut the 8 place decimal in 1/2 on 5 leases.

Over the years i have found errors before,but how can this be a simple error?

Thanks, Kelly

landownerPermalink Reply by Bill R on May 24, 2018 at 19:13

I received notice of the same, however I have received Tax documents from both BP & Shell stating that they have purchased 50% of EXCO percentage of our wells and will be paying our royalties based on those holdings. Also had a Landman contact me in regard to someone picking up some of our EXCO, Devon and Cabot Leases that are still outstanding. Figure with the Bankruptcies and tightened belts, this will become the norm for awhile now. Question is, has anyone else been contacted about the same thing?

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on May 25, 2018 at 1:37

Shell owns a half interest in all EXCO's Haynesville Shale leases.  Although Shell sold all their operated Haynesville acreage in 2014, they later acquired BG (British Gas).  BG owned a half interest in EXCO leases.

landownerPermalink Reply by Bill R on May 30, 2018 at 4:41

Received additional Division Orders from Shell yesterday for more of our wells, states that EXCO will continue to pay 1/2 of the Royalties and they will pay the other half. Also hearing from multiple Landmen about additional leases of our properties... nice to see some activity in the Plays again. 

Permalink Reply by jffree1 on May 25, 2018 at 1:38

Would you mind saying which well?

landownerPermalink Reply by etx44 on May 25, 2018 at 4:14

Exco returned call early Friday, Shell is mailing payment of other 50 percent today with a letter explaining new deal.

landownerPermalink Reply by etx44 on May 31, 2018 at 4:39

Shell's 1/2 is a little less than Exco's 1/2, maybe that's why Shells not broke.  I'm just happy someone is still paying me for my gas.

landownerPermalink Reply by Richard Davis on May 31, 2018 at 9:43

Shell’s transportation, gathering, etc. charges are approacing 50% of the gross amount of the gas revenue, and much greater than Exco’s. I think I smell a rat here.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on May 31, 2018 at 10:39

How many cents per mcf for gathering and treating, Richard?  How do those charges compare with your EXCO royalty statement?