I didn't attend so what I am telling you is second, third or even fourth hand! Twin Cities made them a final offer of $12,500 an acre. They had until 5 on Friday to sign and also Twin City said the offer was good contingent upon 90% of the l/o signing. Big Bad Twin Cities could stick it in their ear if were me living in that area!
Tiger if your land is in the designated unit, your in. Normally these units are or have been 640 acres. I think the 330 feet is the regulation that a well can be no closer then 330 feet from another well. Nor any closer than 660 feet from a competitors well.
Thurs.[8/21/8] nite 7:30 pm...Trinity Heights Bapt Church.
landowners around Pinehill Rd, Titwell, Mcdaniels, North Pine subdivison... they are asking for $12,500
what local group are we suppose to be in?
I've been to several meetings, but none seems to be for our area.
I'm thinking about joinging ERMinreals as a back-up plan.
My understanding as of now is that drilling be no closer that 500 ft. from any dwelling, 1,000 ft. from an interstate. The later was recently changed when there was an explosion near I-10 this past spring. Hope this helps.
We received one letter back in May from Petrohawk and called # they left us but was told they were not in our "section" yet. But someone is probably in our section, just not them. Otherwise, have not heard anything else, same as you.
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landowners around Pinehill Rd, Titwell, Mcdaniels, North Pine subdivison... they are asking for $12,500
seems pretty low to me.
I've been to several meetings, but none seems to be for our area.
I'm thinking about joinging ERMinreals as a back-up plan.
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