"Dr Maxwell; keep in mind that if and when more wells are drilled in that unit, even wells that do not touch your property, you will get royalties from them also, based on the percentage of the unitized property that you own. You said you own 200…"
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Dr. Larry A. Maxwell
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Jim Litwinowicz replied to Dr. Larry A. Maxwell's discussion 'What Happens When Other Company Drills Across Our Land?' in the group Bradford County, PA
Oil/Gas ProKen Barton replied to Dr. Larry A. Maxwell's discussion 'What Happens When Other Company Drills Across Our Land?' in the group Bradford County, PA
"You're exactly right-royalty should have been used in place of bonus in the 2nd sentence. Thanks for the heads-up."
craig replied to Dr. Larry A. Maxwell's discussion 'What Happens When Other Company Drills Across Our Land?' in the group Bradford County, PA"Seismic and thermal maps are just that, indicators. Actual drilling could show something completely different. The second sentence proves once again the old adage "Don't listen to what they say, watch what they do."
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Doug Duffield replied to Dr. Larry A. Maxwell's discussion 'What Happens When Other Company Drills Across Our Land?' in the group Bradford County, PA"I know it was slip of the finger but bonus has no bearing on acreage in a pool, royalty is a different matter, when division orders com you will see what your royalty decimal interest in the unit is."
Oil/Gas ProKen Barton replied to Dr. Larry A. Maxwell's discussion 'What Happens When Other Company Drills Across Our Land?' in the group Bradford County, PA
"Dr. Maxwell-Unless the lease specifically limits pooling, any tracts less that 500-600 acres are going to be pooled in the Marcellus. You do realize that your bonus is based on your percentage of acreage to the entire pool, so, technically,…"
"Thanks Frank,
Wow, glad I am not with Talisman,"
"Ty Scott. yes Id love a copy of that. It's strange I spoke to the courthouse and they said they didnt have anything recorded. I am surprised talisman assigned our lease to Chesapeake. The seismic tests and the thermal maps indicate we…"
"I did a quick search of the courthouse records and it looks like your lease was assigned to Chesapeake, Anadarko and Statoil by a assignment recorded 5/4/12 at the courthouse. I have a copy and can email you if you like or you can…"
"Ok back to square one again...
Other than checking at the courthouse on a regular basis your only other option is to contact your leaseholders land agent division.... I have also found emailing different divisions within the company gets better…"
"Bradford County told us there aren't any recordings of any instruments related to our farm"
"Good point Mike C.!!
Larry,
while looking for your DPU's also keep an eye out for a reassignment of lease filing in the courthouse. This document if found will tell you who Talisman's joint venture partners are."
Mike C. replied to Dr. Larry A. Maxwell's discussion 'What Happens When Other Company Drills Across Our Land?' in the group Bradford County, PA"My guess is that you were traded or CHK and Talisman have formed a JV with your property."
"They do form pooled units in PA.
When you are in a unit you share proportionatley in the royalties according to the amount of acreage you own within the unit.
We are in two seperate units one is a 698 acre unit that has five producing wells.
The…"
"Here is the other part of this question. The other company is staring the well on the very edge of another property and then drilling more than 70% of the well on our property. The maps and tests show us to have one of the highest…"
Deborah Kittner replied to Dr. Larry A. Maxwell's discussion 'What Happens When Other Company Drills Across Our Land?' in the group Bradford County, PA"Call Talisman Stakeholder Relations Advisor Amy Gilbert at 607-562-4029 in Horseheads. She may be able to help."
"Our company is Talisman"
Profile Information
- What is your role in the Marcellus?
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- Leasing Your Land
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- New York
- Tell us your story...
- We felt he was manipulating us. The last landman we dealt with tried to get us to lower his companies offer by almost one half and offered a lease with only 3 addendums.
Comment Wall (2 comments)
- At 5:33pm on November 5, 2009,
LandownerKeith Mauck (Site Publisher) said… - Were both offers removed?
- At 12:55pm on October 28, 2009,
LandownerKeith Mauck (Site Publisher) said… - Just wanted to touch base with you. Hope things are well and that this is a site where you can dive in and begin contributing. Please be sure to check out our county groups and see if there is a county you can participate in. Have fun "shaling."
Keith
Site Publisher
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