Replies to This Discussion

Permalink Reply by LW on April 11, 2012 at 8:11am

You can go to landex.com and purchase the latest documents that split the unit.  You will find out how many acres are in each.   We are now in 3 units, with less than a 1/4 acre being in one of them.   So  it could mean that we could be held by production for that 1/4 acre.  

Permalink Reply by Wayne Miller on April 11, 2012 at 9:17am

 I have copies of the unit maps as recorded. I use those to create the Bradford Co units map. I will post the specific map on-line if you let me know which one.

Permalink Reply by Deci Ruiz on April 11, 2012 at 10:58am

Thanks one is Rabago Birk , the other is Chilson Jenings

Permalink Reply by Matthew Santiago on April 11, 2012 at 8:56am

By the sounds of it you are going to have your acreage split between two different producing well pads.   I have 5.25 acres and they split us right down the middle.  3.25 in the Miller unit and 1.97.... in the Farr Unit.

Good thing about being split is that it is like a hedge on your bet.  One well pad might be producing quite more then the other so that would work in your favor. The headache comes when you receive 6 checks or so a month because Chk has sold a portion of its interest in most of the Bradford county wells.  I myself am getting a check from CHK (for only a 1/3 of the well production) , however Statoil is also supposed to be paying me and they have yet to send me a divison order, lots of phone calls, lots of e-mails..... Headache ensuing. 

Permalink Reply by LW on April 11, 2012 at 9:20am

I didn't realize that the checks come from all different places.  I guess that will happen with us also.   Also, I wonder how it changed our potential royalty amount.  We had 18 acres in 1 640 unit and now we have  1/4 acre and  17 3/4   both in under 500 acres units.    As we actually have nothing yet, this is just curiosity.  But, weren't we better off with 6 wells in a 640 acre unit than 3 wells in each of the smaller split units?

Permalink Reply by melissa humphrey on April 13, 2012 at 2:58pm

would have to see the paper work, but probably you are in 2 units and will participate, earning your % in both.  More checks, otherwise not big deal. 12 A can yield a decent monthly check, but  $5 would help, not $1. 

Melissa