"Skip, would the Operator be required to demonstrate that they made a bona fide offer to lease the tract that was turned down by the then present mineral owner. I would not think that an offer of 1/8 royalty with no bonus would be a bona fide…"
It was my impression that all newly drilled horizontal wells, including Haynesville & Bossier wells, are exempt from Severance tax for 2 years or until well payout, whichever comes first. Has the Louisiana legislature changed this recently to anyone's knowledge. I am a mineral owner in two initial production Haynesville wells drilled by BHP and severance tax was withheld.When I questioned it through the Royalty Relations Dept., I received an email stating: "All owners are subject to…See More
"Great response to Lynn, Skip. She needs to understand that the Lease bonus is not intended to mitigate her concerns. However, as you said, the language in the Lease document itself, prepared by a well qualified oil & gas…"
Hi Spring Branch. Did you ever get your severence tax reimbursemen?. I have been trying to get mine out of Petrohawk and can't even get a return phone call now. I have heard Petrohawk hasn't paid back the severence money to multiple people in our section.
Spring - If you really have such strong objections to my posts/opinions, I really have NO strong objection to you removing me from your "Friends" list. That should at least make you feel better, like you've at least taken a stand and done something about it.
SB, Hey, which Co. (not Southern Star) had the slide that showed the thickness of the shale in the outline of the current prospective Haynesville Area? That is one I didn't save to my computer, but I can't remember which O & G showed it. It showed the Haynesville pretty thick to the East of the Play. Thanks.
Goodrich currently drilling shale well in the Daniel Martin Survey, A-526, Rusk County, A-439 Panola. You can find plat @ Railroad Commission site. Also you can "Google: "Goodrich Bossier shale" and get some potential figures for earlier wells.
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