"I'm hoping consolidation will be good for mineral owners... but a little skeptical about it. we have a bunch of small operators over here in East Texas and I sometimes wonder how they survive. We'll see."
"And had I said "No, I don't like that deal" they would've still taken it out of the ground underneath me. I'm just curious as to why I pay for all that when they take it from me, and then I have to pay for it again…"
Interesting to Texas Royalty owners and Oil/Gas Producers.I might need some of your knowledge on what this means.To the relief of oil and gas producers, the Texas Supreme Court ruled on March 1, 2019, in Burlington Resources Oil & Gas Company, L.P. v. Texas Crude Energy, LLC (No. 17-0266), that post-production costs were rightfully deducted when calculating overriding royalty payments based on the "amount realized" from the sale when the royalty interest is to be delivered "into the…See More
JHH, Lumberjack showed up on GHS sometime back. If you use the key word, Lumberjack, and use the search box that appears to the right of My Page in the task bar below the GHS logo on any page, you can pull up those old discussions. There was some pretty antagonistic back and forth but I stand by what I posted then. Lumberjack Energy is registered as operator with the State of Louisiana, I don't know about Texas, however after all this time the company has zero wells in LA. I think this guy is simply looking to flip leases. That's not illegal but I would be very careful concerning the depths I would consider leasing to him. I would never grant an "all depths" lease to someone like this.
JHH. Just to help you understand what is going on with the city minerals and the value they command. Consider the following: Companies have been actively leasing residential and commercial properties within the city limits of Shreveport for eighteen months. That investment is worth more when they have the city properties that help make the leasehold more contiguous. And gives the winning bidder an advantage over those competitors holding urban leases. I believe the winning bidder considers the price paid to be quite reasonable. And it is 478 acres. Although landowners tend toward the opinion that on a per acre basis, one acre is as valuable as 100 in the same general location. The operators don't think, or do business, that way.
Welcome to GoHaynesvilleShale.com! I hope the site is a place for to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. We now have over 10,000 members. Be sure to peruse the site.
To give you a feel for current discussions, go HERE. Also be sure to follow details on the site HERE. Have fun SHALING!
As 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