When is a property held by activity?

Hi, this is my first post. I have a 150 acre farm in New Castle that is set to become part of a Shell unit. My lease runs out in June of 2013. After talking with Long Consulting, who does Shell's leases, they like to resign folks who are within a year of their lease expiring. The people at Shell have told the guy where the well is going in that they will be there November of this year at the earliest. My property is not directly adjacent to the well property, as there is another parcel in between. My farm is set to be part of that unit. Does anyone have a good idea when my property will be held? I was thinking it will not be until they inform DEP of the unit size, which is after all drilling and fracking is done. Thoughts? Thanks in advance.

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Permalink Reply by Jack Straw on January 3, 2012 at 10:16am

There are doubtless some on this site capable of giving valuable counsel.

My simple advise would be:

Before signing anything or changing anything, have a qualified Attorney read and study every word of your lease (with any Modifications or Addendums). The ramifications of anything you might do are too great to not take advantage of expert review.

There are many examples of individuals who have sacrificed significant sums of money and suffered great angst because they did not want to pay a couple hundred dollars for an hour of an Attorney's time.

 

All in my humble opinion.

One size fits most.

Consider all I typed to be worth every penny you paid for it.

 

JS

 

Permalink Reply by JK on January 3, 2012 at 1:55pm

So many people having leases and land want to know if their wells are being drilled and when.

The only way I found out our gas was being permitted and drilled was by going straight to the state website for DEP.  When you find the main page you will be able to see all permits issued and all stages of approvals.  You will want to write the API number down for all of the wells in the unit.

When you do find this then you can call the DEP chief and request an approved plat map.  This map will included all owners' names and the drill line going through the properties.  That's how I discovered ours.

You want this map believe me.  It sounds like your land is in the drill pipe line and this is good. YES, you do need a good O&G attorney quick!  You would not want to do this without one.

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