Baird Unit - GoMarcellusShale.com2024-03-28T15:44:06Zhttps://gomarcellusshale.com/forum/topics/baird-unit?groupUrl=butler_county&commentId=2274639%3AComment%3A736823&groupId=2274639%3AGroup%3A14354&feed=yes&xn_auth=noWe have received 2 checks so…tag:gomarcellusshale.com,2017-10-18:2274639:Comment:7648432017-10-18T20:43:45.811Zmike4thttps://gomarcellusshale.com/profile/mikefort
<p>We have received 2 checks so far, one for June 2017 and one for July 2017, both for Baird 1H</p>
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<p>I had thought looking at some of the well location plats I have that we would have been in both 1H and 3BH and would have been getting checks for both, but it seems that we're only getting paid for 1H</p>
<p>We have received 2 checks so far, one for June 2017 and one for July 2017, both for Baird 1H</p>
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<p>I had thought looking at some of the well location plats I have that we would have been in both 1H and 3BH and would have been getting checks for both, but it seems that we're only getting paid for 1H</p> Has anyone received a check f…tag:gomarcellusshale.com,2017-10-16:2274639:Comment:7644252017-10-16T10:27:36.805ZMatthew Santiagohttps://gomarcellusshale.com/profile/MatthewSantiago
<p>Has anyone received a check for wells 1 and 3 from the Baird unit. I know checks have been issued for wells 2 and 4. </p>
<p>Has anyone received a check for wells 1 and 3 from the Baird unit. I know checks have been issued for wells 2 and 4. </p> There is a sign in West Sunbu…tag:gomarcellusshale.com,2016-06-03:2274639:Comment:7368232016-06-03T17:43:54.724ZBruce Batemanhttps://gomarcellusshale.com/profile/BruceBateman
<p>There is a sign in West Sunbury at the corner of Hooker Road says Sidewinder rig 62. I couldn't see the rig through the trees from Hooker Road. I turned on Campbell Road and then on Mckinley Road. You can see it from there.</p>
<p>There is a sign in West Sunbury at the corner of Hooker Road says Sidewinder rig 62. I couldn't see the rig through the trees from Hooker Road. I turned on Campbell Road and then on Mckinley Road. You can see it from there.</p> whats mineral rights trading…tag:gomarcellusshale.com,2016-03-30:2274639:Comment:7257632016-03-30T20:12:06.521ZTimhttps://gomarcellusshale.com/profile/Tim539
<p>whats mineral rights trading for in and around this unit?</p>
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<p>who are the buyers?</p>
<p>whats mineral rights trading for in and around this unit?</p>
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<p>who are the buyers?</p> Jon, They are pretty much suc…tag:gomarcellusshale.com,2016-03-13:2274639:Comment:7222652016-03-13T01:46:28.040ZGeo5https://gomarcellusshale.com/profile/georgesmith429
<p>Jon, They are pretty much suck with signing for $10 for the lease. It all depends on how the laterals run underground, maybe rex would have to come and make a good offer in the future, but they might have to wait 10, 20, 50 years before rex would need the parcels. At which time, they have already gave up the royalties in the unit they should have been in.</p>
<p>Once a persons property is surrounded by HBP land, the options are very slim.</p>
<p>BTW, this isn't renewing leases, when Rex was…</p>
<p>Jon, They are pretty much suck with signing for $10 for the lease. It all depends on how the laterals run underground, maybe rex would have to come and make a good offer in the future, but they might have to wait 10, 20, 50 years before rex would need the parcels. At which time, they have already gave up the royalties in the unit they should have been in.</p>
<p>Once a persons property is surrounded by HBP land, the options are very slim.</p>
<p>BTW, this isn't renewing leases, when Rex was paying the big $$$$, the land was under lease with another company. </p> I don't see the point of rene…tag:gomarcellusshale.com,2016-03-12:2274639:Comment:7223552016-03-12T22:53:37.217ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
I don't see the point of renewing the lease at that amount.
I don't see the point of renewing the lease at that amount. $10 total
tag:gomarcellusshale.com,2016-03-12:2274639:Comment:7221892016-03-12T21:52:32.568ZGeo5https://gomarcellusshale.com/profile/georgesmith429
<p>$10 total</p>
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<p>$10 total</p>
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I didn't think anyone w…tag:gomarcellusshale.com,2016-03-12:2274639:Comment:7224222016-03-12T17:34:55.399ZNeil Sahenehttps://gomarcellusshale.com/profile/NeilSahene
<p>Matt,</p>
<p>I didn't think anyone with a BCLG lease would end up in a well unit since the terms of these leases are so good. I thought Rex would just let all of them expire and attempt to sign new leases with lower royalties and with deductions. I'm assuming we were just in the middle of the unit and Rex had to include us.</p>
<p>I remember that the gentleman who negotiated the BCLG leases with Shell thought he could get $4,000 per acre and a shut in payment equal to the per acre amount. He…</p>
<p>Matt,</p>
<p>I didn't think anyone with a BCLG lease would end up in a well unit since the terms of these leases are so good. I thought Rex would just let all of them expire and attempt to sign new leases with lower royalties and with deductions. I'm assuming we were just in the middle of the unit and Rex had to include us.</p>
<p>I remember that the gentleman who negotiated the BCLG leases with Shell thought he could get $4,000 per acre and a shut in payment equal to the per acre amount. He couldn't get that but in my opinion did very well for us at getting $3,250, 18% and no deductions. I just have limited knowledge of all of this but it looks like the no deductions is big.</p>
<p>And you are correct about the payment. It was just $25.00. Originally it was supposed to be $25.00 per acre but he reduced it since he wasn't able to get the $4,000 per acre.</p> Matt, i have been told that i…tag:gomarcellusshale.com,2016-03-12:2274639:Comment:7222482016-03-12T13:22:35.779ZGeo5https://gomarcellusshale.com/profile/georgesmith429
<p>Matt, i have been told that if your property is inside a unit, and not leased, Rex is offering 13% net, and $10 per lease, nothing more. I know two people that leased for that, its either take the offer, or get left out of the unit.</p>
<p>Matt, i have been told that if your property is inside a unit, and not leased, Rex is offering 13% net, and $10 per lease, nothing more. I know two people that leased for that, its either take the offer, or get left out of the unit.</p> We are in Concord Township an…tag:gomarcellusshale.com,2016-03-11:2274639:Comment:7223242016-03-11T16:47:30.281ZNeil Sahenehttps://gomarcellusshale.com/profile/NeilSahene
<p>We are in Concord Township and received a declaration of pooling letter from Rex for the Baird NW unit. We have one of the BCLG leases which are pretty good leases. So it seems like a good thing. Would appreciate any opinions.</p>
<p>We are in Concord Township and received a declaration of pooling letter from Rex for the Baird NW unit. We have one of the BCLG leases which are pretty good leases. So it seems like a good thing. Would appreciate any opinions.</p>