What if I never lease and a well is drilled in my section? Wise investment for the future?
I'm considering not leasing my seven acres in section 13 in western Shreveport. 100 percent and no bonus is a lot better deal if it all plays out. This section is mostly wooded, somewhat rural, and should be attractive for a company to drill on. I have found very little on the subject and can find no one that receives royalties and did not lease. One website gave this information:
What are our options if we didn’t sign a lease with the gas company?
You either become a participating member or a non-participating member.
Explain these.
1) As a Participating Member you would participate in the expenses of drilling and maintenance for that well. You would also be entitled to 100% of the gas under your property. The gas company would have to approve you as a Participating Member.
2) As a Non-Participating Member you would not participate in the expenses of the well and you would be entitled to 100% of the gas under your land AFTER the gas company has recouped 100% of their drilling expenses and in some cases 200% of their drilling expenses.
I have heard talk of "forced pooling" and don't understand how that works either. Maybe its just a part of the above. Thanks in advance for any advice. Don Stamper, Shreveport
What are our options if we didn’t sign a lease with the gas company?
You either become a participating member or a non-participating member.
Explain these.
1) As a Participating Member you would participate in the expenses of drilling and maintenance for that well. You would also be entitled to 100% of the gas under your property. The gas company would have to approve you as a Participating Member.
2) As a Non-Participating Member you would not participate in the expenses of the well and you would be entitled to 100% of the gas under your land AFTER the gas company has recouped 100% of their drilling expenses and in some cases 200% of their drilling expenses.
I have heard talk of "forced pooling" and don't understand how that works either. Maybe its just a part of the above. Thanks in advance for any advice. Don Stamper, Shreveport
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Replies to This Discussion
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Permalink Reply by Rocker on
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You can do a search on this web site. There are many topics concerning forced pooling. Type in Force pooling in the search engine when viewing the main topics. Read the topic about KSLA 100% royality article. I think you can get more money in the long run if you don't sign a lease but it's risky and signing for a bonus with 25% gets you the money quicker and then you don't have to fret, worrying about what everyone else gets and what you are not getting. Who cares about how much someone can make a month with 100%. Why not just sign and then you can buy what you need now while you are still alive and kickin'. You can do whatever you want it's your minerals.
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