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Oil & Gas Pro Comment by Johnnie Joe on May 15, 2012 at 5:08

I think it is just like you could sell the land (or your house) for an appraised value and that is what you get taxed on.  Well you can sell your mineral interest too (not recommended) and they appraise that and tax it.  Someone correct me if I'm wrong.  Oh yeah, the government is the one making all the money on this stuff.

Comment by Joe Ed Jones on May 15, 2012 at 4:57

How can the county of San Augustine charge you property tax on property you don't own when all you have is royality interest in a well.This is double dipping , the owner of the property has paid the taxes on the property and now they want royality to pay taxes too..DOUBLE DIPPING...

Comment by Benedumtreesoilwell on April 17, 2012 at 22:42

Yea, Ben is a good guy.

Comment by jffree1 on April 17, 2012 at 16:18

Ben was here in 2008.  

Comment by Benedumtreesoilwell on April 17, 2012 at 15:13

Jffree. They are giving depth clauses no problem. Talk to the landman in San Augustine. Good guy and will work with you. Ben Daniels

Comment by jffree1 on April 17, 2012 at 13:39

I agree with WilliamS... if Devon is leasing it is for the James Lime.  Try asking for a depth clause to reserve the deep rights.  I suggest you use a lawyer for that clause and don't let them provide one.

Mr. Bodine, Marco 1H has been complete since last fall.  IP was 11.232 MMcfd on a 20/64 choke with 8000# flowing pressure. 

Comment by Benedumtreesoilwell on April 17, 2012 at 13:13

Spring Branch...

They are the ones drilling in the area. EOG does not have holdings in the area.. Not enough to form units with anyway. Also, this isn't haynesville they are drilling. James Lime is the formation... Everything drilled in the James Lime by Devon has been extremely successful...

landowner Comment by Willis Bodine on April 17, 2012 at 7:18

Any current word on the progress of Marco (API #405-30453), being drilled by St. Mary from the same pad as Polo, a bit east of Highway 147 on the old Taylor property?

landowner Comment by Spring Branch,mineral owner on April 17, 2012 at 5:44

Devon would be the last Operator I would lease to in San Augustine County.  To the best of my memory, the only decent well Devon drilled in San Augustine County, The Kardell 1-H, they ruined by pulling it too hard. They abandoned the Haynesville a good while back.  EOG would be my 1st choice.

Comment by Benedumtreesoilwell on April 17, 2012 at 1:32

Devon has major holdings and are making units to drill out. I woul lease with them if I were you. There are a couple of companies leasing land in the area but they aren't going to drill out. Devon is giving 500per acre and 1/4 royalty. The big bonus money is long gone but they real money is under the ground.

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