Replies to This Discussion

Permalink Reply by Kat Bloomfield on July 9, 2010 at 2:44

same with O&G. No treats, no tricks! O&G doesn't play for no pay. In fact, it is quite gluttonous, just like a pig. (I like pigs, BTW).

Permalink Reply by Les Bamburg on July 9, 2010 at 2:57

Caliente, it is too bad you haven't worked in the industry because then you would see the long, hard hours put in by the employees - both execs and the staff. I can tell you in my 30 yrs in the biz I never took off a Friday for golf or fishing but can't remember the hours I put in on the "job" in my house after hours or on weekends.

By the way, most "landmen" are not company employees. Most people never have a chance to meet the accountants or engineers that are more representative of the typical employee.

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Permalink Reply by Kat Bloomfield on July 9, 2010 at 8:57

true.

Permalink Reply by Dion Warr, CPL on July 9, 2010 at 4:58

Caliente:

It's Friday. I'm here. I will also be here Saturday.

I'm confused. Does this make me a pig, or not?

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Permalink Reply by Kat Bloomfield on July 9, 2010 at 8:54

Ima Pig. And, whether you're a pig is up to you.

Permalink Reply by Spring Branch,mineral owner on July 8, 2010 at 10:09

G.D., it seems remarkable to me that the terms "freeloader" or "parasite" (neither of which do I agree with,though in no other state that I am aware of does the UMI get treated so well) have raised so much consternation, but the term "pig", meant as an obvious slam slides by. Go in someone's house and call that person a pig and see what happens!

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Permalink Reply by Two Dogs, Pirate on July 8, 2010 at 11:10

Remember Freddy the Freeloader?

Permalink Reply by Harvey White on July 8, 2010 at 15:27

YEP GoshDarnit DEMS FIGHTEN WORDS!!!! but hey. ive been called worse by much better. but i'll live and sleep well at night knowing who i am and what my values are and they are not for sale to anyone at any price. i'll continue to let the producer know im here and whaching and i'll grovel at no mans shoes no matter how big they are.

Permalink Reply by BirdDawg, plain ole' idiot on July 8, 2010 at 15:50

Well, I would rather be a pig than a parasite. I think my friend Caliente was being nice.

Sorry Barron, you are being a jerk.

Permalink Reply by Spring Branch,mineral owner on July 9, 2010 at 5:01

GD, you should be writing a book on country living. As an aside, one doesn't have to live in the country to be hard working, honest or ethical.

Permalink Reply by sesport on July 9, 2010 at 19:14

SB - If I were in someone else's house and they called me a freeloader, I'd leave and never look back. Matter of fact, I usually get that "gut" feeling before they have the chance to do so. If someone comes into my house calling me a "pig," they're politely shown the door, which more than likely will stay shut to them.

As for this discussion about the characterizations of landfolks vs. mineral owners ( and this is also intended for anyone with the notion that UMO's are "freeloaders"), from my POV as urban drilling & leasing increases we'll have a "new" (at least for the NW LA play) situation.

I am currently a UMO sitting in an urban neighborhood with "cherry tomatoes" for minerals, as are all my neighbors. A lot of us crammed into about 11+ acres. But we've worked hard, invested much sweat equity, to hold onto what we have, including our minerals. But I've been told by my own personal "bean counter," who also happens to count beans for the industry, that UMO's are treated like "red-headed step-children." (apologies in advance, no offense intended, simply a metaphor)

Our common areas are leased, but "the company" didn't want to lease home/mineral owners just yet. I guess because so much title work would be involved. So, even though I only have "cherry tomatoes" in the big scheme of things, collectively my neighbors & I sit on 11+ acres. Should "the company" be allowed to produce from us gratis?

As I see it, we have a couple of options, one of which is to remain UMO. Not that we didn't want leases, remember, it's that "the company" didn't want to lease us, densely populated acreage, too much title work. And I seriously doubt if we did contact "the company" that they would want to work with us.

So, we're still UMO, even though the neighborhood common areas are leased. We're not trying to "freeload." I also suspect that the company knows that, for what we own in "cherry tomatoes," no single one of us would be willing to front the money to hire experienced legal advice, plus a highly qualified "bean counter," to get us what "peanuts" we're owed.

So, should "the company" just produce our 11+ acres, sell it, and take the proceeds?

I suppose a "group" of us might collectively be able to do more and get ourselves what we're owed since we've invested years of "sweat equity" to pay responsibly for what's ours. Does one consider this kind of situation to be "freeloading" on the part of the UMO's, or is it "freeloading" on the part of "the company?"

hmmmmmm - 80)

PS - Yes, I've been reading, rereading, and read once more, keeping up with this thread.

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Permalink Reply by Spring Branch,mineral owner on July 9, 2010 at 21:28

Sounds like you live in Jackson Square, sesport. If so, be aware that I own a townhome there also. My son lives in it. When I said that everything I had was leased, I guess I forgot about my townhome lot and my home lot. They are not currently leased. I have no idea why you referred this post to me as I had previously stated that I was against referring to UMI as freeloaders or parasites. Nor would I call you a pig. I have no idea what you refer to when you ask if the "company" should be allowed to produce us gratis or when you later asked if the "company" should just produce our 11 acres, sell it (gas I assume), and take the proceeds. That is not an option for you or for them. In the last paragraph you refer to getting what you're "owed". If you are in Jackson Square, there has been no Haynesville unit applied for that I am aware of, no well permitted, and no effort to individually lease you or me. That being the case, exactly what does the "company" OWE either one of us? On the SW part of Shreveport , there is substantial urban leasing going on by Twin Cities for Chesapeake. Sometime in the future, an effort will be made to lease us in the SE part of the city. Lot owners will all be offered roughly the same terms. We will be given the opportunity to lease or not lease. In the meantime we're "owed" nothing for our house lots as I see it. I'm also not sure what discussion you are talking about when you refer to landfolks vs. mineral owners. I recall talking about the fact that It is not just country folk that are honest and ethical, but not about landfolk vs. mineral owners. As I've said before, I'm perfectly ok with you or anyone else deciding to become an UMI as it seems to me to be largely a financial decision....risk versus reward ( I had a well in one of my sections cost over $23 million to drill.........it will never, never pay out. Glad I was leased as I have enjoyed my royalty checks) I'm happy for you to be an unleased mineral owner right up to the point where I have leased minerals in your section and your decision not to lease causes the Oil & gas company to make a financial decision not to drill that section. At that point I am no longer happy with your decision because it then affects me financially. Otherwise, lease or don't .....your choice and my choice. I likely intend to lease..........I much prefer getting a check and a check rather than a check and a bill. I've been down that road many times before.

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