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R. Mom,
you have asked a good question that is best answered by an oil & gas attorney. I suggest that you post it again in the mineral rights group where you will get an educated answer.
http://www.gohaynesvilleshale.com/group/knowyourrightstexasminerallaw
Jffreel
Thank you I will do that, I am new to this web site and just decided to start here.
We have the same problem. We have interest in the Cornhuskers DU 1H well that started selling gas in Feb. 2011
and the Hurricanes DU 1H well that started selling in April 2011 , both are XTO wells. We can't seem to find out anything except they are working on it .
Well I spoke to XTO yesterday and they said we "Could POSSIBLY be in the August revenue run, but no promises" so I ask about DO's and they said sometime they send royalty checks out before the DO's go out ???????? Not so sure about that......and if they do what are you setting yourself up for if you cash the check ??? Anyway if I was going to be in the August Revenue run wouldn't they know it by now.....it is August after all ?!?!?!?!?!?!?
They are giving you the "run-around". And they will send the checks before the DO. Maybe they meant next August (2012)...They are very slow in getting their DOs out. When you do finally get it, check every decimal and make sure it is accurate. Don't assume it is correct.
Thanks! They did not do the 3D there though--Had sent paperwork but I suppose totally crossed it out. Company crossed it off---lease is fairly new so would be a long time to drill. Maybe someone will get one drilled near and we can get an offset deal. We have almost two years left on lease though; they did do the work there last time. Sietel in San Augustine told me it was crossed out as I called as summer is almost gone and no check; I was filing and saw papers so I called him. Maybe they will drill on the govt. when they do and I could keep my land intact to be better for another project; how about the old saying "Laugh all the way to the bank"? We are surrounded by govt so I got the idea that they were skipping us.
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…
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AboutAs 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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