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Posted by Char on May 29, 2025 at 14:42 — 4 Comments
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landownerKeith Mauck (Site Publisher) said…
landownersmith1 said…
Grogan Field. Samson Contour has unitized sections 3 & 10.
Those are the only units to date A unit application allows an operator to drill the maximum number of wells allowed by spacing regulations. In the case of HS wells, 80 acres. 8 wells per section. A unit application also indicates that the applicant (XTO) has a minimum of 75% of the section leased. A unit application is generally an indicator of an operators future intent to develop. As infrastructure must be built to connect ng wells to market (pipelines), operators don't invest in that infrastructure for one well. A unit application is usually followed by in-fill leasing in order to gain the maximum acreage under lease prior to production.
landownersmith1 said…
But, he said a lady from Lafayette and man was at the signing. NOt sure of names, but will get them and get back to you. Was around $10,000/acre (because of previous agreement back in November), My father is elderly (I have POA but could not make the signing) and said that XTO would be sending them additional funds because the original negotiated amount was $14,000/acre...???Not sure if I understand that or not. My father was just elated with this sum. Will get with my dad and look at paperwork, hopefully, this weekend. Then I will know more.
landownersmith1 said…
landownersmith1 said…
landownerpam kurz said…
Received the magazine on Wednesday. Thanks! Loved the article you
wrote. Do you still like to run?
Pam
landownerpam kurz said…
landownershooks said…
landownerKeith Mauck (Site Publisher) said…