Louisiana members. I would like to start a discussion with state authorities regarding the requirement for Unleased Mineral Interests (UMI) to receive regular reports regarding unit production. We have discussed this on numerous occasions and I know some of you have attempted to get operators to comply. I would like to communicate with you by private message regarding any request you have made that meets the following requirements and has not resulted in your operator providing the reports in the manner and time frame required. Please read the entire statute and make sure you have followed all the requirements to receive the reports.
2011 Louisiana Laws
Revised Statutes
TITLE 30 — Minerals, oil, and gas and environmental quality
RS 30:103.1 — Operators and producers to report to owners of unleased oil and gas interests
Universal Citation: LA Rev Stat § 30:103.1
(1) Within ninety calendar days from completion of the well, an initial report which shall contain the costs of drilling, completing, and equipping the unit well.
(2) After establishment of production from the unit well, quarterly reports which shall contain the following:
(a) The total amount of oil, gas, or other hydrocarbons produced from the lands during the previous quarter.
(b) The price received from any purchaser of unit production.
(c) Quarterly operating costs and expenses.
(d) Any additional funds expended to enhance or restore the production of the unit well.
Added by Acts 1950, No. 387, §1; Acts 2001, No. 973, §1.
Tags:
Skip, PM me.
Done.
I'm bumping this discussion in the hope that one or more unleased GHS member may have missed it when originally posted.
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…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
386 members
27 members
455 members
440 members
400 members
244 members
149 members
358 members
63 members
119 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
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 |
Links |
Copyright © 2017 GoHaynesvilleShale.com