That is exactly correct. Here is mu question and I am very interested in your thoughts "Does the Operator have the right to make a profit from its position as operator?" Not from its participation as a working interest…"
Thanks. I understand the distinction as to deductions pre and post payout. I believe I am correct (and please correct me if I am not) that the pre-payout costs may impact payout as the amount of those costs may defer and delay…"
"Skip, Thanks for catching this decision and posting it. A couple of things first. Chesapeake will either settle with the plaintiffs or appeal. This issue is far too large to be ignored. A simple google search of…"
"yes. It really leaves the small owner with few choices. There has been some success with lessors and royalties through class action firms, but nothing that I am aware of in the forced pooling/cost area. Thanks for your comment."
"I am an oil and gas attorney. I practice in Texas. I retired some years ago as vice president and general counsel of the largest upstream company in the United States. I am also a non-operating working interest owner in north…"
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