Replies to This Discussion

Oil & Gas ProPermalink Reply by The_Baron on August 27, 2009 at 8:21

You are responsible for marketing your own gas.

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landownerPermalink Reply by Mac Davis on August 27, 2009 at 7:31

lanadan, once again, you're deliberately misconstruing what I said.

I'll claim:

1) If someone wants to cheat mineral interest owners, there are additional ways to cheat a UMO vs. a leased mineral owner.

2) Some people will try to cheat mineral owners of either kind.

3) A UMO needs to be prepared to prevent UMO-specific fraud in payments.

I NEVER said that going UMO was necessarily a bad idea. You should probably be prepared for more effort on your part as a UMO, but you should also expect to get more money in the long run.

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Oil & Gas ProPermalink Reply by The_Baron on August 27, 2009 at 8:23

"but you should also expect to get more money in the long run."

For most HA wells, yes. For other wells...maybe, maybe not.

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landownerPermalink Reply by Mac Davis on August 27, 2009 at 9:02

True, but I suspect they're not going to offer you a lease unless they think lease will pay more than UMO. Of course, the big boys guess wrong a lot of the time, too.

It would be interesting to see statistics on whether, on average, leased or UMO pays better.

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landownerPermalink Reply by Mac Davis on August 29, 2009 at 5:58

by "lease will pay more than UMO", I obviously meant "pays off for the lessee" better than UMO.

I suspect they're not going to offer you a lease unless they think being leased will pay you less than going UMO. Of course, the big boys guess wrong a lot of the time, too.

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Permalink Reply by Professor Fred on August 26, 2009 at 8:02

What company offered the $4k? Please give landman's contact telephone number. Where is your property located?
Thanks for your help.

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Oil & Gas ProPermalink Reply by HBP on August 27, 2009 at 11:21

Was this in Texas or closer to Desoto?

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