My wife received a call from 'Ryan' asking to buy the minerals on our land in the Bracky Branch field. He had called several times in the past going as high as $5000 an acre. My wife told him we were not interested, he replied 'You might be interested, our offer is now $15000-$20000 an acre. My wife called me and gave me his number, he got my attention. Before I could call, he called her back and said the previous offer was not for our land, he had made a mistake it was for another piece of…See More
"Aren't division orders issued just prior to drilling? The wording "prior to the effective date hereof" sounds like anything prior to the signing of the division order. They recently re-surveyed section 25 in Jan. 2019 which…"
"A division order can sometimes reveal the true character of the operator. In the aforementioned lease, the operator appears to be attempting to get the lessor to indemnify him from the misdeeds of future well operators. Something you do not have to…"
"Up until a few years ago, I've always reviewed them, added my SSN, signed and sent back in. Never again. There are all sorts of terms and conditions that may work against you, and may not be contrary to what's in your…"
Can I have a take on the wording on a Division Order recently sent to me for signature. "The owners expressly waive any claim against TELLURIAN OPERATING, LLC for any and all amounts owed to the Owners from any third party for Oil or Gas produced from the Lands prior to the effective date hereof." Thank you for any thoughts you may have on this.The land is Red River Township 14 North, Range 10 West, Section 25.See More
Just dropping by to say hello. Have one "shale" of a day. Also, there some new profile questions. Check those out by clicking HERE. We are also coming up on our 10,000th member. Be sure to celebrate with me. Click HERE for more about that.
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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