"yes, we are being taxed on what we didnt receive but my 1099 is also for more then the amount i received and the deductions ?? and chk was the only one that showed what was really deducted, i guess on the other you have to figure it out…"
"i forget what they paid us for the pipeline, but make sure it is only one gas pipe , no water pipe in the ground or above ( if u let them put a pipe in for water you may be losing money at a later date) i believe they paid us 5 dollars a…"
"I think i would really do some checking into why it hasnt been leased yet and if it is possible to still get it into a unit before i shelled out the money . Im not saying its not possible to get it leased but i would say your chances go down…"
"the conductor, aka rathole, is a 20" casing that should be drilled down to rock and then is concreted into the ground. they can sit for awhile, until a rig shows up. now , if you have a mouse hole next to it they might…"
"billy, thats is correct . 2 individual units. if u r in the south unit u get paid on the south well (s) if u r in the north unit u get paid only on the north well (s)
Bo, i dont see why they would want to do that, then they have to drill all…"
"we have been seeing pads split into 2 units, a north and a south unit, this happen when someone still has a contract thats has a max unit size of 640 acres. so the " pad " can be spilt down the middle 640acrs to the north and…"
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 ]