20,000 acres - GoMarcellusShale.com2024-03-28T22:44:04Zhttps://gomarcellusshale.com/forum/topics/20-00-acres?commentId=2274639%3AComment%3A618112&feed=yes&xn_auth=no"I heard that if you get forc…tag:gomarcellusshale.com,2014-09-02:2274639:Comment:6182732014-09-02T01:50:37.288ZDexter Greenhttps://gomarcellusshale.com/profile/DexterGreen
<p>"I heard that if you get force pooled you get 100percent of royalties after the well is paid for..."</p>
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<p>Not exactly. Depends on the terms that the Chief lays out. In many cases it's a 100% NRI after the operator gets a 200-300% return. It's situational. I believe the forced pooling order for Halcon's Kibler well was at 300%. Which means the owner of the pooled properties will never see a single penny from the well on their property. </p>
<p>"I heard that if you get force pooled you get 100percent of royalties after the well is paid for..."</p>
<p></p>
<p>Not exactly. Depends on the terms that the Chief lays out. In many cases it's a 100% NRI after the operator gets a 200-300% return. It's situational. I believe the forced pooling order for Halcon's Kibler well was at 300%. Which means the owner of the pooled properties will never see a single penny from the well on their property. </p> And the possibility of lettin…tag:gomarcellusshale.com,2014-09-02:2274639:Comment:6184292014-09-02T01:03:10.319ZHunter 1https://gomarcellusshale.com/profile/BrettBarnes
And the possibility of letting it get force pooled , I heard that if you get force pooled you get 100percent of royalties after the well is paid for ....
And the possibility of letting it get force pooled , I heard that if you get force pooled you get 100percent of royalties after the well is paid for .... Thx for your input,Kathi. Lo…tag:gomarcellusshale.com,2014-09-01:2274639:Comment:6181722014-09-01T21:28:59.352Zbo boboskihttps://gomarcellusshale.com/profile/boboboski
<p>Thx for your input,Kathi. Looks like you have lots to gain, or lose, when and if the park gets leased for its oil & gas. Sounds like you are staying on top of things. I presently have come to side with Barry, that our Gubner may be waiting till after the election. For many reasons. Anti fracs & technology & maybe better lease terms once the nearby wells are put into production with hopefully, better than expected results!</p>
<p>Thx for your input,Kathi. Looks like you have lots to gain, or lose, when and if the park gets leased for its oil & gas. Sounds like you are staying on top of things. I presently have come to side with Barry, that our Gubner may be waiting till after the election. For many reasons. Anti fracs & technology & maybe better lease terms once the nearby wells are put into production with hopefully, better than expected results!</p> That "line" , may be there ,B…tag:gomarcellusshale.com,2014-09-01:2274639:Comment:6181702014-09-01T21:16:32.655Zbo boboskihttps://gomarcellusshale.com/profile/boboboski
<p>That "line" , may be there ,BECAUSE of the state park.</p>
<p>That "line" , may be there ,BECAUSE of the state park.</p> As the owner of land adjacent…tag:gomarcellusshale.com,2014-09-01:2274639:Comment:6181122014-09-01T20:04:09.723ZKathi Albertsonhttps://gomarcellusshale.com/profile/KathiAlbertson
As the owner of land adjacent to the park I have tried to keep as close to this issue as possible and here is what I know:<br></br>
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From the very beginning, ODNR has said that if and when leasing of the state parks would occur, Salt Fork would be the last to be leased. They want to give the industry a chance to improve the technology through experience.<br></br>
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Some of the previous owners of land that is now the park retained their mineral rights so the state is not free to lease the…
As the owner of land adjacent to the park I have tried to keep as close to this issue as possible and here is what I know:<br/>
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From the very beginning, ODNR has said that if and when leasing of the state parks would occur, Salt Fork would be the last to be leased. They want to give the industry a chance to improve the technology through experience.<br/>
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Some of the previous owners of land that is now the park retained their mineral rights so the state is not free to lease the entire park. Since the land was only sold in the 60s, many of the heirs of the previous land owners are easy to find and in fact live on the edges of the park.<br/>
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Although at least some of the members of the commission to develop the policies regarding drilling on state lands were named, as of about 3 months ago, the commission has not met according to one of the members named to the commission.<br/>
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As for the owners of land adjacent to the park, we have different opinions. Personally, I am concerned about the effect of ORC 1509.022 that would allow a pad on my land for directional drilling under the park and keep my parcels out of the drilling unit. This could happen due to an old lease that allows for another well without a new spud fee. After checking old leases in the recorders office, I know that there are others in the same situation. Hopefully the laterals would go both SE and NW.<br/>
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On the other side of the equation, I am afraid that the current ban on drilling under the park might keep Enervest from going back to a very productive Clinton well on my land with new laterals. Others have the same situation.<br/>
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So from my perspective, the lack of activity in the park has advantages and disadvantages for the locals. As a land owner and Farm Bureau trustee, I work hard to let our elected officials know how their laws and rules affect us and encourage others to do the same. In the mean time, the park remains a great back yard and perhaps time is on our side as the technology continues to improve. It may be too far west...I've…tag:gomarcellusshale.com,2014-09-01:2274639:Comment:6178032014-09-01T11:35:57.635ZJimmy Wilsonhttps://gomarcellusshale.com/profile/JimmyWilson
<p>It may be too far west...I've heard the line is somewhere right around Winterset and heads NE...</p>
<p>It may be too far west...I've heard the line is somewhere right around Winterset and heads NE...</p> Huh?tag:gomarcellusshale.com,2014-09-01:2274639:Comment:6179512014-09-01T02:13:52.194ZPhilip Brutzhttps://gomarcellusshale.com/profile/PhilipBrutz
<p>Huh?</p>
<p>Huh?</p> It is probably to large to be…tag:gomarcellusshale.com,2014-09-01:2274639:Comment:6180482014-09-01T02:12:20.838ZPhilip Brutzhttps://gomarcellusshale.com/profile/PhilipBrutz
<p>It is probably to large to be force pooled in its entirety but probably many acres around the edges will forced to join units.</p>
<p>It is probably to large to be force pooled in its entirety but probably many acres around the edges will forced to join units.</p> Bet it gets force pooled ...tag:gomarcellusshale.com,2014-09-01:2274639:Comment:6179452014-09-01T01:11:52.898ZHunter 1https://gomarcellusshale.com/profile/BrettBarnes
Bet it gets force pooled ...
Bet it gets force pooled ... bo,
One thing is for sure, el…tag:gomarcellusshale.com,2014-08-31:2274639:Comment:6176622014-08-31T14:32:56.087ZBarry Dhttps://gomarcellusshale.com/profile/BarryDyngel
<p>bo,</p>
<p>One thing is for sure, electing the Governor's opponent would definitely mean no leasing of government land, he is raising money from the anti-shale crowd. I'll roll the dice with our current Governor.</p>
<p>bo,</p>
<p>One thing is for sure, electing the Governor's opponent would definitely mean no leasing of government land, he is raising money from the anti-shale crowd. I'll roll the dice with our current Governor.</p>