One Time Payment for SWD wells is a bad deal
I posted this info on the main page, then decided to add it here since I noticed several SWD wells permitted in Bienville. The going rate for these wells in East Texas is .05 cents per barrel and 10% of oil sales, plus surface damage. The offer I received did not include any per barrel amount or oil sales. IMO these offers are the equivalent to the early, cheap leases that we signed before we knew better. Now we know better. These SWD wells are a great asset for the O&G Co. and a permanant loss to the landowner.
Views: 32
Replies to This Discussion
-
Permalink Reply by Terry L. Antee on -
That oil is skim oil, oil that is separated from the SW, if there is no oil, there are no oil sales.
-
-
Permalink Reply by Missy on
-
There is always oil sale. The average landowner would not know this. My reason for posting this is to let the average landowner know. Just as when one signs a mineral lease, there are a lot of questions that you should ask. We don't know what to ask, if we haven't any knowledge at all.
-
Support GoHaynesvilleShale.com
Top Content
Blog Posts
The Lithium Connection to Shale Drilling
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
-
Fayetteville Shale
149 members
-
North Caddo Parish
358 members
-
Central Texas Gas
63 members
-
Cass County, TX
119 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
