Replies to This Discussion

Permalink Reply by Two Dogs, Pirate on July 9, 2010 at 10:36

I would think that if 20% or more are unleased the well will not get drilled.

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Permalink Reply by Kat Bloomfield on July 10, 2010 at 0:38

It's a fact they will drill with 10% unleased. At 20%? likely no drilling.

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Permalink Reply by Spring Branch,mineral owner on July 9, 2010 at 13:07

C, that is kinda like the difference between a depression and a recession. A recession is when my friend is out of work and a depression is when I'm out of work. Most sections/units get drilled because most folks choose not to go the UMI route. However, if I choose to lease and have a strong desire for a well and associated royalty income from the minerals in my section, but an 80 acre mineral owner does not, then it quickly becomes a depression for me!

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Permalink Reply by Kat Bloomfield on July 10, 2010 at 1:10

we know they'll drill with 10% unleased. 80 acres out of 640? Dunno. But, you'll find out near the end of your primary term.

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Permalink Reply by Henry on July 10, 2010 at 6:27

I know of two different sections which were unitized with a 120-acre tract unleased. In one case, the owner eventually signed a lease after drilling started. In the other case, drilling has yet to begin.

Permalink Reply by Harvey White on July 9, 2010 at 11:23

now thats a great idea P.G. i have always been open to a good lease, but i'll sign nothing from anyone that will look me in the eye and lie to me. would any of you?

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Permalink Reply by Two Dogs, Pirate on July 9, 2010 at 13:47

One thing that burns my butt is the landman that will go in on a new project and single out the 70 years and above older ladies and get them to sign first. There was so much of that going on at the first of this play and it is still going on in the new areas of the play. And it is just not the older folks that they do this to, many can fall for their game under the right circumstances.

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Permalink Reply by Kat Bloomfield on July 10, 2010 at 0:41

This is why we like you Two Dogs, Pirate.

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