Replies to This Discussion

Permalink Reply by king john on October 23, 2009 at 9:21

douglass, the lime and the shale run very close together. according to some on this website, they become difficult to differenciate. if i understand what you are saying, you want to reserve the shallow rights? the company would want the lime and the shale because they are close together in depth, and it would be like getting a second pay zone for the price of one. understand they are two seperate zones and should require more bonus if they want to include it with the shale. not all parts of shelby county have the lime. consider yourself blessed that you do.
kj

Permalink Reply by Douglass Marc on October 25, 2009 at 3:01

kj, no I was not trying to reserve shallow rights. The company did not want to include a depth clause because they "may" only drill to oil, and this will reserve the lease, and then later drill to Haynesville for gas when the prices are better. So I asked that they include a depth limit to that level, or 100 feet below the shale. They came back with a clause including lime, not just shale. I now see why they would want to do that. Thanks- Douglass