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Permalink Reply by Krkyoldhag on May 26, 2012 at 11:13

I got one way back last summer from samson.  I asked on this site about PSA and nobody seemed to know about them.

What they did was combine my 630 acre unit with a 300 acre unit ..IF they had drilled then the paper work said that I would get 60% of any production..the other acres would share in the production.

The agreement was signed but then Samson didn't drill.  I want a well..and felt that PSA would increase chances of getting one.  Didn't pan out for me but hope it does for you.

Being a small holder don't think you can stop the psa really.  What I decided is this: if don't sign the old units are not large enough to warrant drilling...so enlarging the units makes sense in that way.  But yours is talking about feet not acres.  I don't think the 300 feet would mean much in royalty payments.  IF you own the whole 300 feet..that would be interesting.

I meant to post the psa I got for the site..will still do that if I ever get a well.

I know that the well they proposed went right to the edge of the original unit..

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Permalink Reply by Krkyoldhag on May 26, 2012 at 14:02

Isuppose if you owed most of the unit they wanted to increase with a PSA you could hold out for payment for deep rights...some of the old leases covered all depths but some did not.

But for my situation signing was best thing to do to increase opportunity for drilling on site.

There is a LOT of acreage and units out there they drillers can move to. 

I have heard that some owners are giving the pad sites away ..and right of way ..to get the well drilled.

I didn't have to do that..but then I was disappointed in not getting a well.

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Permalink Reply by j garrett on May 27, 2012 at 14:59

The 330 ft distance to the unit line is set by the Texas RRC and is arrived at by dividing the 660 ft minimum spacing between wellheads in half.  It is based on the best science available to the State pertaining to "drainage" of a field, supposedly to minimize or prevent someone from "sucking all the oil/gas out from under my property".  A few years ago the minimum was reduced from 467 ft to 330 ft.  Operators can apply for exceptions to this rule, which is how "stacked laterals" are now allowed in many counties in the Haynesville.

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Permalink Reply by Richard Cotton on May 27, 2012 at 15:25

Thanks. Guess it doesn't matter if I sign or not.

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