Replies to This Discussion

Permalink Reply by adubu on October 4, 2010 at 15:59

Yevonne--- what Survey and # are your minerals in???

Permalink Reply by Yevonne on October 10, 2010 at 14:54

T H Lester survey abst 434 - sorry about delay in responding, been out of town..

Permalink Reply by adubu on October 11, 2010 at 1:22

Yevonne-- just be patience there are small margin James Lime well continguous to you and they will not drill these in your abstract survey which is ok. However XTO has several wells ( Shale H test)recently premitted within 2 miles of you 360 degrees around your survey in and if these are good wells they will be calling or knocking on your door if wells are excellent you can get good terms on release. Hunt was purchased by XTO and XTO purchased by XOM and will continue to operate under XTO division. The good new about XOM purchasing XTO is now XTO has BIG BIG budget and money to to drill with. How many net acres do you have?

Permalink Reply by Yevonne on October 11, 2010 at 6:12

28 acres, 50%, which is 14 net I think. We aren't going anywhere, so patience is now my middle name. other neighbors are in same situation, so I will spread the word. Thanks so much for info. Lil ole first grade teacher was also in dark, so maybe she will read this.

Permalink Reply by adubu on October 11, 2010 at 7:45

Yevonne--if these are good wells and you can get good terms and 25% royalty with good wells drilled in a unit 14 acres net will make some good mail box income. Your money's in the ground so good terms and 25% royalty more important than big bonus. You can afford few hundred dollars to have lease reviewed by good oil & gas attorney-- you can not afford not to have it reveiwed IMO--- good luck in future and hope XTO wells are good and you get leased and make a good well and NG prices go up by that time.

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