'Being new to the group, I have some learning to do. I am selling my surface land and retaining all mineral rights. I want to allow the buyer to have rights for a gas well for his home use and to share half of the royalties if any from that well. I understand that the deep well/shale drilling production does not present gas useable for surface owner use. If that is correct, would limiting drilling to a shallow well level for his purposes affect my right to deep well gas leasing? Also, if no well is drilled on the surface property but gas is drawn from horizontal legs, I understand that royalties for that gas taken from adjacent property is not paid on a metered basis but on a percentage of acreage included in the rectangular drilling space. Am I correct? If someone would enlighten me , I would be appreciative. Thanks..'.
Comment
Comment by William A Thorman Jr on April 18, 2012 at 10:00am Thanks , Kathleen, for the suggestion. I just now re-posted to Discussions on the Shale site. Hope that works.. Thank you for taking the time to advise me.
Comment by Kathleen on April 15, 2012 at 12:46pm
Comment by William A Thorman Jr on April 14, 2012 at 11:40am Well, my very first posting on this Blog got no responses.. Perhaps, I didn't raise any questions of general interest or maybe everyone is busy finishing the tax forms we procrastinators, including me, of course, are facing at the moment. In any event, i hope someone in the group is willing to give me some response or direct me to where I might find the answers. I do need to increase my knowledge. Thanks. Bill
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AboutWhat 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 ] |
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