I have been trying to find a larger copy of the map you have posted here. I went to the Petrohawk site but could not find it. Could I please get a copy from you? It is the most descriptive I have seen so far. Thank you.
I have another odd question for you.
Was reading "AllExperts.com" today. A scenario was presented to the expert (6/10/08) concerning multiple O&G/s leasing in adjoining/adjacent properties and what this means to the royalty owners on either side, if only one company drills.
If you would comment on this for me. I would think that vertical and horizontal drilling will make two very different impacts on the above scenario. I suppose that vertical drilling can avoid royalty payments to both leasors, however the fracturing and hub-type drilling associated with horizontal drilling, I would think, would voluntary pool both.
I thank you for your insight. In this new play, I have no doubt that some will get burned and others will become financially fixed for years whether they choose to sign leases or not. I believe it will be interesting times around here for many years yet to come. Is it here or is it not here? Time will tell.
I have friends who have a large ranch in west Texas, bought several years ago, and out there one doesn't even have the right to the water without permission (unless they catch it from rainfall in tanks). They have no mineral rights...but they own a multi-million dollar piece of land.
It's crazy how land and mineral rights are so different from state to state. I believe this is how we all stay just slightly off-track or unsure about the legalese of situations like these O&G plays. They don't happen very often, so becoming quickly savvy about things is taking a little bit of a toll on NWLa residents.
Greyshades...Good Sunday morning to you. Thanks for the info. I do believe that the statutory force pooling is very different from the old "rule of capture." However, in the climate (looking at $13 for NG and $150 per Oil) don't you think that the costs associated with drilling, etc. are not nearly as threatening (again I say, under the conditions of today's prices) statutory force pooling is not so ominous a thing as it maybe has been in the past (80's and 90's)?
And, if the Chesapeakes, and the Petrohawks, and the Goodriches, and so on and so on...are willing to bet the farm, so to speak, on this Haynesville shale bonanza...the Barnett bonanza..., etc., then the force pooling is kind of like having your investment in the making of a hit movie, when the real money is made a year later when the DVD comes out.
I still cannot find a scenario...in this strike...where a mineral owner is dealing with bills from the O&G company from being statutory force pooled...in LA...
If the moneys are so great that O&G companies are willing to go into Billions of dollars of debt and spend Millions/Billions to purchases leases....just for the "promise"...it would seem to lessen the "scariness" of possibly finding yourself in this kind of situation. And...that is what I really have been looking for...someone with knowledge...who could tone down some of the "disaster" comments that are being made concerning same. (i.e., disaster for landowner).
Thank you for your reply. Am enjoying your comments to fellow bloggers.
And...agree with you, when I find myself doing the same..."What the X#@% am I doing blogging this stuff at 10:30 p.m on a Saturday night!" (Ha! Ha!)
Nice to meet you, blogwize. DrWAVeSport 6/8/2008
Sunday morning, coffee in hand, laptop in lap!
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