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Meaning of Well Designation
4 Replies

Started this discussion. Last reply by Skip Peel - Independent Landman Jul 27, 2019.

BP America's Koala #2H and #2HB
7 Replies

Started this discussion. Last reply by jffree1 Jun 8, 2019.

Does Anyone Have Information on the Status of BP America Wells Being Drilled in San Augustine
2 Replies

Started this discussion. Last reply by James L. Williams Jul 2, 2018.

 

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James L. Williams replied to Skip Peel - Independent Landman's discussion Who Is Drilling Where In The Haynesville Basin - A Snapshot
"Einstein died in 1955 so it is impossible to know what he would have thought of the current debate on catastrophic anthropogenic global warming/climate change. We do know that he was not impressed by consensus. He was a theoretical physicist, and we…"
Oct 13, 2019
James L. Williams replied to Skip Peel - Independent Landman's discussion Tesla unleashes Megapack battery to take on natural gas plants
"Here is a paper by Mark Mills of the Manhattan Institute discussing the myriad of problems related to the proposed "Green Energy Revolution," including the impracticality of using battery energy storage to enable a "renewable"…"
Aug 31, 2019

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At 7:37am on June 30, 2009, Eric Camp said…
James,

Do you own 100% of the minerals in the unleased tract? If so, it should not be included in the unit. If not, if the operator has leased any of the other interests in the tract, it can pool the entire tract.

The question then becomes - is the well on the tract or another tract in the unit? If the well is on your tract, you are an unleased co-tenant and am entitled to your entire share of the production after pay-out minus operating expenses. So, if you have a 1/2 interest in a 100 acre tract and the well is on that tract, you are entitled to 50% of the well's production after pay-out minus operating expenses. But if the well is not on your tract, you are not entitled to anything from it.

It is true that operators' accounting is certainly going to have the operator over the unleased co-tenant but "funny math" will only get the operator so far. The State doesn't offer any specific protections for this situation above what the law already affords - suits for conversion, accounting, etc.

Feel free to message me personally if you would like to discuss this further.

Best,

Eric C. Camp
At 1:47pm on June 29, 2009, Keith Mauck (Site Publisher) said…
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