why are we not pushing for more?
I'm hopeful that I will be able to sign a new lease as mine is set to expire in January of 2015. They have not touched my property located in Tyler county since they signed.
The last time I was ignorant to all of this. I still have barely scratched the surface but at least I can spell Marcellus and have heard about the Utica this time. I see the bonuses being paid and royalty amounts being paid here fluctuated a lot. I see people talking about how little some of them are making and they are in good areas. I suspect the companies are making quite a bit more then us. I understand they do the drilling and have the investment in exploration but we own the land. I wish I could calculate the appx. Amount they will profit on the well and try to figure out what the land owner share should be. I know we can't put a exact number but we should be able to figure out a appx. Percent of royalties which reflects that appx. Amount we should make.
Any ideas on the appx. Profit these companies will make in good and or bad areas. Any thought would be greatly appreciated.
The last time I was ignorant to all of this. I still have barely scratched the surface but at least I can spell Marcellus and have heard about the Utica this time. I see the bonuses being paid and royalty amounts being paid here fluctuated a lot. I see people talking about how little some of them are making and they are in good areas. I suspect the companies are making quite a bit more then us. I understand they do the drilling and have the investment in exploration but we own the land. I wish I could calculate the appx. Amount they will profit on the well and try to figure out what the land owner share should be. I know we can't put a exact number but we should be able to figure out a appx. Percent of royalties which reflects that appx. Amount we should make.
Any ideas on the appx. Profit these companies will make in good and or bad areas. Any thought would be greatly appreciated.
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Permalink Reply by jason irvine on
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I was at least smart enough back then to change the renewal clause. They have until January 1 of 2015 to commence drilling or it expires. They have not touched the property. I'm hoping they do not try and pull some bs at the last minute. I haven't heard bad things about this company but there are other operators in the area that have a lot of leased land around me and they are more active. I'm not to concerned with the bonus. I want a higher royalty and the big one is I want them to drill. I would release to company I'm with now but I'm trying to fly under their radar. It may be wishful thinking. I'm also going to go thru a attorney this time so if they do screw me if and when they drill I might have someone on my side. Again probably wishful thinking. I will let everyone know what happens and how much. Ive always wanted to best for everyone and us landowners need to stick together. The more people more power
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