"Could be the smaller majors are giving out inflated numbers because they need to impress. Seems like GPOR is playing with a double edged sword when they announce big numbers.. There stock price might go up but so does the leasing price…"
"Yes, it most likely can happen. The chances are not great being that you only have 30 acres and they would most likely have you in a pooled unit of 640-1280 acres, hence a greater chance the well site is elsewhere.
Drill your water well up…"
"There are many many wells in TX that have produced nearly 100 years and they have had continuous development over the past few decades and especially boosted such since the discovery of the Barnett Shale.
If you are referring to the implied covenant…"
1. "What was the intent upon signing those late 70's Clinton sand shallow leases ?"
- They were probably titled "Oil and Gas Lease" not "Clinton Sand Lease." An oil and gas lease is an oil and gas…"
"If you own the well, you can sell or give gas to whomever you want. It sounds like the well needs to be classified by the State as Domestic (DM). I believe the well owner can request the classification change to the State at any time."
"I'm being told if you were part of the original group and on "the list," you WILL get paid assuming clear title. Like Bo said, they may need to correct your description, etc. and then a short period to process and make payment."
"I'm not going to request a release quite yet. For the mere fact that I'm already 7 months into my lease. If/When I get paid, I'm looking at a chance of another $5k/acre in about 4 years already.
I found it somewhat…"
"Hey the Browns had a decent draft. Hmmm, where did you hear that $3,200 was the highest price paid in the Marcellus? They reached the $5k and higher mark for sure in Bradford Co.
It's a helluva risk leasing at $5k let alone if…"
"Wouldn't the O&G Co. want that figured out before dishing out $5-6k an acre?
Don't get me wrong, I hope the hard working people of this county get these prices and more, but I see both sides. I heard Murray wouldn't work…"
In regards to the Sportsman Club who may own thousands of acres and NAC might own the mineral interest to all of it. How would you produce your minerals then? I understand what you're saying and I've seen it many…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]