D&L Energy

Has anyone in the northern Mercer County area (Kennard/Osgood) been approached by a land man from Midwest Land Services, representing D&L Energy?  I have an existing 10 year old lease with one well and they left me, on my porch, an amendment to unitize my 23 acres.  It doesn't have any other changes to the lease other than changing the size of the pooling and unitization to 1,280 acres.  I called the guy who left his card and asked him "what's in it for me?"  My question is, do I have any leverage to get a higher royalty percentage or up front money and should I see an O&G attorney before signing anything.  Anybody else have a situation similar to this?

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Permalink Reply by ji on January 24, 2013 at 3:10am
I choked on my coffee when I read this post. BEWARE.
Permalink Reply by CL on January 24, 2013 at 3:39am

ji

have you had dealings with D and L?

cl

Permalink Reply by ji on January 24, 2013 at 3:42am
Yes
Permalink Reply by CL on January 24, 2013 at 3:45am

can you elaborate

cl

Permalink Reply by ji on January 24, 2013 at 3:52am
CL...dealings are oil and gas related but do not involve leasing.
Permalink Reply by john doe on January 24, 2013 at 11:15am

Ahh D and L!!!! Due to prior experience With D and L I would want the money in my account before I would ever consider .....

Never mind I wouldnt let them in my yard.

NUFF SAID

Permalink Reply by Mary and Walter Niwa on January 24, 2013 at 12:52pm

WE  HAVE  D&l  ENERGY  LEASE  N THEY    NOT VERY GOOD  THEY  DRILL A WELL N NEVER FIX THE GROUND  BACK  WE GOT ROYALITIES ABOUT  1.50  A MONTH IF THAT  THE.  WE ARE TRYING TO BREAK OUR LEASE.

Permalink Reply by cecil on January 28, 2013 at 11:34am

My guess is that D&L has a deal on the table to sell their leaseholds in Hempfield T'ship, West Salem and other townships surrounding the Greenville area to a player already in the area, but only if those leases can be modified to 1280A  production units. It only takes a 10 minute drive around Hempfield alone to see the size of the properties they hold. Someone with a D&L lease needs to step up and get other owners of D&L leased properties together. Put an ad in the Record Argus and set up a time and place to meet and discuss this issue. Don't be in a rush to give what's under you, if anything, away. There is nothing wrong in demanding fair compensation in exchange for amending your leases. I don't think D&L is doing this to make a few bucks, but more like millions.

Permalink Reply by Mike Sero on January 28, 2013 at 11:48am

Lease modifications -

The one thing it would do is bring you to the 12.5% the state minimum.

Sounds like you are in an old HBP or storage field

I would not agree to the size of the pooling/unit - 640 max - they are just trying to get this cleaned up before selling - DL is not a deep driller - keep your eye out for mineral buyers next Mercer will be a hot bed - question is when will anyone start drilling deep in that HBP.

Permalink Reply by tnc on January 31, 2013 at 9:58am

Quick question for those who have been asked to sign an amendment to their D&L lease:

 - Does your proposed ammendment contain laguage allowing pipelines and seismic testing as a part of your revised lease?

 - Does your proposed amendment adjust the unit size to 640 acres or 1280 acres?

Thank you for your input. 

Permalink Reply by CL on January 31, 2013 at 2:03pm

yes

cl

Permalink Reply by tnc on February 1, 2013 at 12:44am

We have a meeting wth ur O&G attorney today.  He has reviewed the ammendment and our situation and will provide some direction for us to consider.  Will share what I can for those here who are intrested or impacted.

 

 

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