"If you sign one of the PSA's be sure to have it in the lease that each well has to be renegotiated. PSA's have advantages and disavantages.
You have larger area that you can participate in if they drill. But your royalty will…"
"I'm very familiar with R. Lacy, my father was field superintendent for them for 20 years, and worked his entire life with them. They have long range goals, and never wavered, during the shale boom.... they kept their drilling program the same…"
"I do not know an attorney, but I had questions on this well (it is being drilled on our family's land). The land man for Lacy was helpful. He told me that depending on the success of the Turner, Metcalf, Shivers well (it was in this…"
Received a PSA from R. Lacy Services, Ltd. for one or more Horizontal Drainhole Wells that may traverse 4 separate Gas Units (hopefully that is the correct vernacular) in Panola County.While not being savvy enough (yet) to ask the right questions, the PSA seems rather general, i.e., "...plans to, from time to time, drill one or more Horizontal Drainhole Wells...". Further, specific plans for drilling are not stipulated and, as such, proceeds cannot be definitively determined - as far as I can…See More
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