Thanks for the reply.
Please note difference between "voluntary" pooling, where landowner is in the better than force pooling situation.
And, the Second type, force pooling or "compulsory/statutory pooling" where "the poduction company files a request for a pooling order, which provides for the surrender or sharing of interest by the landowner...As a result of the hearing, an order can be issued by the state (Conservation Commissioner in LA) concerning the setting of the cost formula for sharing costs and revenues in the pooled area. THE STATE AND THE PRODUCTION COMPANY USUALLY set the cost formula. Most landowners have very little imput in this situation...The landowners may speak in their own behalf at the hearing. THIS IS A COMPULSORY POOLING HEARING...AND POOLING WILL TAKE PLACE".
Can find articles per O&G Pooling; How Gas Leases Differ From Oil Leases; Mineral Rights in O&G Leases; Oil & Gas Lease Negotiations & Terms, etc....at the following link:
It seems to me that with the State and the O&G Companies "setting" the $$$ amounts, the mineral owner probably won't get much of a Bonus or at the worst less in royalty percentage.
Hope this helps. Looking to sign first/before forcing!
Hope this will be the case for most mineral owners!
Nice to meet you...Oh...and, spread the word per website! We need all we can get!
If you are concerned about being able to sign a lease with an o/g company before any wells start production, you can contact the companies youself instead of waiting on a landman to contact you first. I was not sure if you were already negotiating or was waiting for a company to contact you. You can also contact several o/g companies and may come out better that way if they end up competing with one another for your lease. You can also join some of the landowner associations. I hope this helps.
Hi Duster,
I live in section 29 T14 Range 10, I have not signed yet. i have been offered 8000, with terms at 25% any advise. I think that is low. Any help would be appreciated. Everyone around me leased in the spring.
Duster,
The XTO guy is: Leonard McCarty (817) 885-3367. I believe that he will be the one that will assign you to the particular landman that will handle your area. Mr. McCarty is not with a leasing office, he is at the XTO company office so you might get somewhere with him concerning your offers.
Duster: I have 6 2/3 unleased acres in S29, T12N, R9W and would possibly be interested in joining a group for lease negotiation. Unfortunately, I leased my other acerage for $2000/acre to Pride back in April before the potential was common knowledge
DrWAVeSport Cd1
Please note difference between "voluntary" pooling, where landowner is in the better than force pooling situation.
And, the Second type, force pooling or "compulsory/statutory pooling" where "the poduction company files a request for a pooling order, which provides for the surrender or sharing of interest by the landowner...As a result of the hearing, an order can be issued by the state (Conservation Commissioner in LA) concerning the setting of the cost formula for sharing costs and revenues in the pooled area. THE STATE AND THE PRODUCTION COMPANY USUALLY set the cost formula. Most landowners have very little imput in this situation...The landowners may speak in their own behalf at the hearing. THIS IS A COMPULSORY POOLING HEARING...AND POOLING WILL TAKE PLACE".
Can find articles per O&G Pooling; How Gas Leases Differ From Oil Leases; Mineral Rights in O&G Leases; Oil & Gas Lease Negotiations & Terms, etc....at the following link:
http://www.oil-gas-leases.com/oil-gas-pooling.html
It seems to me that with the State and the O&G Companies "setting" the $$$ amounts, the mineral owner probably won't get much of a Bonus or at the worst less in royalty percentage.
Hope this helps. Looking to sign first/before forcing!
Hope this will be the case for most mineral owners!
Nice to meet you...Oh...and, spread the word per website! We need all we can get!
DrWAVeSport 6/5/08 p.m.
Jun 5, 2008
insomniacnla
If you are concerned about being able to sign a lease with an o/g company before any wells start production, you can contact the companies youself instead of waiting on a landman to contact you first. I was not sure if you were already negotiating or was waiting for a company to contact you. You can also contact several o/g companies and may come out better that way if they end up competing with one another for your lease. You can also join some of the landowner associations. I hope this helps.
Jun 22, 2008
BLZBub
Leased through Pride Oil who is backed by Encana/Shell
Jul 6, 2008
crivertrio
I live in section 29 T14 Range 10, I have not signed yet. i have been offered 8000, with terms at 25% any advise. I think that is low. Any help would be appreciated. Everyone around me leased in the spring.
Jul 8, 2008
insomniacnla
The XTO guy is: Leonard McCarty (817) 885-3367. I believe that he will be the one that will assign you to the particular landman that will handle your area. Mr. McCarty is not with a leasing office, he is at the XTO company office so you might get somewhere with him concerning your offers.
Jul 15, 2008
Glenn Morgan
Jul 22, 2008
Bacon
Jul 26, 2008