landowner

MRD taking large transportation costs

Anyone noticed the very large transportation costs MRD is deducting from land owners.  Is this legal? Is this fair? Is this normal?  Seems like MRD is gauging land owners.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 1, 2016 at 7:16

Yep, the new one works.  Thanks.


landownerPermalink Reply by Gerald Mitchell Moody on September 1, 2016 at 7:17

Not real good with adding files.


landownerPermalink Reply by Gerald Mitchell Moody on September 1, 2016 at 7:10

copy of CLB vs MRD and Hunter Temple Aug 8 2016

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landownerPermalink Reply by Steve P on September 1, 2016 at 12:50

I am a bit surprised by the "Unfair Trade Practices" allegation.  Anyone on this site familiar with its use over a royalty payment dispute?  

Permalink Reply by lee on September 2, 2016 at 3:32

Thank goodness I leased to the company VLC who assigned to Wildhorse, I believe.  The landman was so helpful in giving us a no deduct clause without any trouble or having to go see a lawyer.  Its too bad the wells around Choudrant were no good.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 2, 2016 at 3:40

VLC is a land company that takes leases for clients.  Some of their leases were assigned to Wildhorse and some to MRD, depending on location as you rightly point out.  I wouldn't go so far as to say that the Choudrant wells were "no good".  They are less productive than the wells in the Terryville Core particularly regarding the volume of liquids.  Being mostly "dry gas" they are simply less profitable in the current period of depressed natural gas prices.  With Range Resources taking over all MRD assets in Lincoln and Jackson, tentatively schedule for sometime this month, it will be interesting to see if they have any interest in Wildhorse's acreage. 

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