Replies to This Discussion

Permalink Reply by LewPa on September 4, 2014 at 10:02am

 GM,

Are you in a production unit now? If not, I would guess your lease has expired. No explanation from Rex on why the deductions being withheld changed, and I didn't question them too much, if you get my meaning!! We tryed to get Rex to redo the Phillips lease into a Rex lease with no luck. There is a lot of language in the Phillip's leases that Rex doesn't like, especially the unit size clause. We'll see if that comes into play later when they drill more wells at the Stebbins pad. LewPa  

Permalink Reply by GM on September 4, 2014 at 10:06am

I am in a production unit right next to Phil.

Permalink Reply by Philip Thackray on November 24, 2014 at 2:19am

Lew,

I see new drill permits being applied for on the Stebbins Pad.  Part of the new Harvey Unit formed to the south of the Stebbins Pad.  Linda got a water well test package with three well plats and an outline of the Harvey unit.  Who is Harvey?

Phil

Permalink Reply by FairMktValue on November 24, 2014 at 3:01am

Jimme Stewarts White Rabbit ???

Permalink Reply by Philip Thackray on November 24, 2014 at 3:24am

FMV,

Ha Ha!  Probably true!!!

There was no "Reply" button under your message.  Invisible like the rabbit?

I have property in the Harvey Unit so it is interesting to me.

Phil

Permalink Reply by GM on January 27, 2015 at 11:57am

I was going to start another thread regarding this and thought maybe Phil and LewPA may chime in before I do?

What is your take on the deductions total from XTO?

Mine is averaging 30% gross to net for the year.

Rather high in my opinion.

Permalink Reply by Philip Thackray on January 27, 2015 at 12:27pm

GM,

That looks right.  With lower prices the deductions will only get worse.  Your numbers should pretty much match mine and they seem to.

Phil

Permalink Reply by J Landowner on January 27, 2015 at 1:16pm

My Aug thru Nov deductions for all royalties is at 42.6%. So much for the new pipeline reducing the deductions. I now show 3 liquids with the largest one still at 100% deduction for "processing". The other 2, one is only showing $.13-.17 per gal (no idea what that one is), the last must be the oil which is picked up at the well head.

Permalink Reply by RB on January 27, 2015 at 2:39pm

Would the company, seriously, go to all the cost of planning and drilling and extracting the goods including the landowner early signing bonuses, only to turn around and give 42.6% of the sale revenue to the "processor?" You mean to tell me they can't get a better deal?? I still have a hard time buying that. 

Permalink Reply by J Landowner on January 27, 2015 at 2:59pm

Because they own Mountain Gathering, it is a good deal for them.

Permalink Reply by GM on January 27, 2015 at 2:27pm

I find it interesting as I tried to relay my knowledge (only from having none at the beginning of my lease signing, to what I know now) to a friend that signed a new lease Nov 2014 with XTO for the Gaw well expansion.

I told him to be aware of the "unaddressed lease" issues of the deductions. He said that his rep from xto stated that in order to facilitate a lease that xto felt that 15% royalties were fair with 15% deductions. They would not sign a no deduction clause, take it or leave it.

Why are we being charged 30% with the same lease language?

Permalink Reply by J Landowner on January 27, 2015 at 2:37pm

The new language is not the same, that is why.

• ‹ Previous
• 1
• …
• 4
• 5
• 6
• 7
• Next ›
• Page