Lease Question

I leased to EOG and another neighbor or two did also. then another neighbor leased to Cabot and then another leased to someone else.
Question is Do we have a chance of getting in a unit when everyone leased to different oil co's ???

Replies to This Discussion

Permalink Reply by adubu on December 10, 2009 at 4:04

yes----operator generally get together and the one with most acres and drilling ability will be the operator and the other will have non-operator % working interest in the unit. In your case EOG will pay your royalty as operator or non-operator makes no different as far as your payment. It could howevery make different who operator is as far as how fast that drill more wells in the unit and their expertise in drilling

Permalink Reply by ogmladvisor on December 11, 2009 at 12:44

Adubu is right, I wouldn't be concerned about it.

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About 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	Links About General Info Guidelines Supporters Donate Advertise Subscriptions Contact us

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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

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