176 members
557 members
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
9 members
120 members
97 members
34 members
386 members
27 members
455 members
440 members
400 members
244 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com
Comment Wall (2 comments)
You need to be a member of GoHaynesvilleShale.com to add comments!
Join GoHaynesvilleShale.com
I have read you post regarding 7 unleased acres in a drilling unit. I am from Woodville and practiced law before the Oil & Gas Board for a long time, and so thought I would comment on your situation. You have since gotten the applicable statute 53-3-7, but I don't see that you have been given the precise advise I would give. first, if you did not recieve a certified letter from the State Oil & Gas board notyfying you that you are being put under the penalty (Section 2) then you are not under it. The most the drilling company can do is recover the costs expended in drilling your 7 acres with the productionfrom those seven acres, plus a reasonable charge for supervision. After that, you are entitled to 100% of your 7 acres, less cost expended each month to operate the well. Ordinarily, this is a good place to be, but there are two problems: They are still spending large sums and "payout" of the well may be years away even with honest bookkeepers; but the customary large oil company in such situations tends to "pencil whip" a small owner who cannot afford lawyers and accountants to minitor the books. (Example: a Vice-President of Company X flies from houston to Denver to a meeting. The Tuscaloosa is discussed for 10 minutes. a part gets billed to your account.)
You are likely not leased because the companies are so overloaded, they have time now to look only for the larger interests. if the well tests very well, they may then come to you and ask you to lease. You could go to them and offer to lease if you wish--show them documents which establish your title--save them some time--and they may well take it. Most such decisions depend on the financial situation and risk tolerance level of the particular landowner. Just thought I would try to help.
Because our network has grown word-of-mouth, I want to encourage you to invite your friends and family by clicking here.
Be sure to check out our tool bar. It will speed up your participation. Download our free toolbar
There are a couple things you should check out. 1) Check out current discussions. 2) Join in on the County and Parish Groups. By joining a County or Parish, you are networking locally with people who share similar concerns.
Be sure to read up on how to navigate the site HERE. This will help you get the most out of the site.
As a member, should you ever be on the recieving end of crudeness, rudeness or spam, let me know. The site is a peered monitored site and we need your assistance.
best,
Keith "Haynesville"
Site Publisher
P.S. Have fun SHALING!