This is comment on my site regarding question I asked previously and I believe SkipPeel(?) responded like this (not sure if this even helps us or not):
Grogan Field. Samson Contour has unitized sections 3 & 10.
Those are the only units to date A unit application allows an operator to drill the maximum number of wells allowed by spacing regulations. In the case of HS wells, 80 acres. 8 wells per section. A unit application also indicates that the applicant (XTO) has a minimum of 75% of the section leased. A unit application is generally an indicator of an operators future intent to develop. As infrastructure must be built to connect ng wells to market (pipelines), operators don't invest in that infrastructure for one well. A unit application is usually followed by in-fill leasing in order to gain the maximum acreage under lease prior to production.
Actually I know it's Natchitoches Parish, I work for a forestry consulting firm and was doing a land description in Sabine, Stupid me!!lol, and of course, it's Friday!
But, he said a lady from Lafayette and man was at the signing. NOt sure of names, but will get them and get back to you. Was around $10,000/acre (because of previous agreement back in November), My father is elderly (I have POA but could not make the signing) and said that XTO would be sending them additional funds because the original negotiated amount was $14,000/acre...???Not sure if I understand that or not. My father was just elated with this sum. Will get with my dad and look at paperwork, hopefully, this weekend. Then I will know more.
I haven't received it , yet. I will be anxiously waiting for it. I told Mom about the article you wrote....she got excited....told me to be sure and bring it over when I get a copy of it. I'll let you know when it arrives.
Bob, it was made to the landowners, I don't know if it has anthing to do with the suit filed against them or not. They receiver another letter on the 24th, saying not to call, but would send another letter. They will probably get on Monday since Fed-ex doesn't run on the week-end, they also extended the 1st offer till Nov. 23rd, I think. I will let you know when the letter is received.
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