Phillip Briggs
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Getting a Mineral Deed revoked...
15 Replies

Started this discussion. Last reply by Bobi Carr ("parker") Sep 12, 2013.

Getting a Mineral Deed revoked...
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Started this discussion. Last reply by Jim McGowen Sep 12, 2013.


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Phillip Briggs replied to Michael Dumas's discussion Attorney Recommendation (PSA in Panola County) in the group Panola County Texas
"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…"
May 8, 2018

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How would you describe yourself?
Landowner, Oil and Gas Professional

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At 1:19pm on October 11, 2011, Krkyoldhag said…

Thanks for replying.  I now have an oil and gas attorney.  The status now is that  all the 27 heirs to the other unit in the production share agreement have to sign.  He reports that that is moving "right  along".  Drilling rig was supposed to move onto the site on 8/4  but instead learned of this PSA. No rig.  Also that company would be drilling no shale wells until after first of year.

Now I read that the company is exploring a sale of total  assets as in a PetroHawk type deal.  I figure its all set or no leak of this would have come out.

So, PSA or not, I figure will be a long time before I hear anything else.

The lease was expiring b/c of no production over the years..maybe it was cheaper for company to get permit, prepare a site hold the lease then would be to release my unit? Unless this idea of a sale came up suddenly around August.  And do these things ever come up suddenly? 

If I ever get a copy of the PSA I will publish it so we can all see what these things are.  In the meantime I guess I not going to be "rich" quite yet.

At 10:06am on August 18, 2011, Krkyoldhag said…
You sound like you know what is going on in Panola County.  I can't find a place to read about Production Sharing agreements.  Do you know what they are and how they work?  Are they the same as combining units?  I got a document from oil company last year forming a 1500 acre unit from the 630 acre unit I am in.  I am the only mineral owner that did not agree.  Now they are saying they want to do a production sharing agreement with the unit next to mine.  What does this mean?
At 9:33am on August 26, 2009, Keith Mauck (Site Publisher) said…
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