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What is the process to receive a working interest in well on your land?
13 Replies

Started this discussion. Last reply by ETOilman Aug 12, 2008.

Flat 25% or Less One-time Tax Rate on Lease Signing Bonus
32 Replies

Started this discussion. Last reply by alleyboy Aug 2, 2008.


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At 15:25 on May 27, 2010, CJM-LaLadyScarlett said…
I'm still learning so yall please be patient with me. Have anyone of yall ever heard of the old "Spider Fields?"
At 8:58 on January 13, 2009, Jaybird said…
sorry I have land in R6W as well.

The 255 acres we have is in sec 20&21 T19N R5W
At 7:57 on January 13, 2009, Jaybird said…
Sorry I haven't checked my comment wall in a very long time. I needed a break from all of the madness.

We have 255 acres in sec 20&21 T19N R06W and we also dealt with Continental Resources. They tried to pull one over us and send a landman to my uncle's house and get him to sign immediately. This was back in July. We politely declined because it was a 5 year deal and we felt we should just wait this thing out. I am very glad we did. We have some very nice completed wells around our area. When I say nice I mean wells producing 9805 mcf/Daily production. Sklar # 237957 We have not leased our land as of today. We feel that the economy will pick back up and the price of Natural gas will rise again. We aren't looking for $20,000 per acre, just a reputable company such as EL Paso, Comstock, Petrohawk, or possibly Sklar to come to us and say...lets make a deal. It might be next week, it might be next year. We'll be ready. By the way, Continental Resources has not drilled one well in the state of Louisiana that I know of.. I would be leary of working with them again just because of the way their landman treated us from the very beginning. I don't want to give out names and numbers for that land company because I do not reccomend them at all. We went with our gut on that one and hopefully we were right. I know we feel we made the right decision. I have heard that the leases they signed were never paid as well. for them to come back to you with 3/16 royalty is a complete insult. Minimum 25% Royalty period.

We have had 2 - 3D surveys completed on our land. Time is on our side. We also have land in Bear Creek, Beinville parish that EL PASO has been producing Natural Gas for over 30 we know a little about how the process should go. Continental Resources should fire that land company they are using. That's strictly my opinion. Take it for what it's worth. Keep me posted on how your leasing goes and if I hear anything I will let you know!

Sorry for the delay..Jaybird
At 8:49 on November 22, 2008, charles billingsley said…
I have 100 acres in sec20, T11n, R14w. is that where you are?
i live in Houston. i had it under lease to KCS which expired on Halloween. Whit Porter's landman (lady) contacted me in May about a top lease. we signed one in july- terms confidential, but sweet. Porter paid a draft for 25% of the bonus money in early Sept. I got the balance in early November. I think I timed it just right- pure luck.
CHK is drilling in sec 19. Sec 20 could be close down the road.
charley billingsley
At 8:05 on September 12, 2008, Keith Mauck (Site Publisher) said…
At 2:32 on August 12, 2008, Keith Mauck (Site Publisher) said…
Thanks for your contributions. I have decided to make you a featured contributor.
At 12:14 on July 27, 2008, Har C2 said…
Look at the New Map Haynesville asked me to refine and make the map better. It is finished.

Change your designation.
At 15:52 on July 26, 2008, Har C2 said…
At 5:29pm on July 26th, 2008, Har C2 said…
Go to the photo

press the right button on your mouse.

click on Copy Image

Under Accessories in Windows you have a program called

Open Paint, and Paste the Image and save it in Paint under Desoto Map.

Then go to My Settings under Your Page on this site.

click on Photo and upload it as your Photo.
At 15:23 on July 24, 2008, insomniacnla said…
Thank you TCB. My address is the same as here, just add @Yahoo.
At 11:24 on July 24, 2008, insomniacnla said…
Dear TCB,

I read your post above and I hope that you don't mind a question. Were you offered 27% on your royalties and $20,000 on your bonus? If you would like to read it and check your lease, I have some lease clauses posted on my page here on my Blog. some of these are clauses that I have not seen many people talking about but they are important. CHK has already agreed to every one of them in my lease but I have not signed yet.

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