Good News Bad News

I just learned that I will be in another unit. I now have 38 acres in unit that covers entire west side of property; 42 acres in a unit that covers nearly all of north side, and now this one will have 62 acres covering all south side and about 30%of east side, Looking at lay out I might get another unit to cover more of east but I have at least 70 acres in middle of property that are now "unit locked". I see no way this section can ever be included in any unit.

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Permalink Reply by RGB on December 26, 2014 at 5:05am

sell half or all of the 70 that is locked up!

Permalink Reply by Nancy Mosley on December 26, 2014 at 5:14am

There may be another formation drilled in the future with different unit configurations.

Permalink Reply by Bob Byler on December 27, 2014 at 2:57pm
I'm not sure where you are located but longer laterals will surely be in the future. The 2 units we're in have 7 laterals varying from 4,200' to 10,000'+ They will reach the "70" eventually. One quote I remember from a Q & A session at a gas forum early on, when asked by a landowner where all they are going to drill. He simply said, "we're going to get it all!"
Permalink Reply by bo boboski on December 27, 2014 at 11:46pm

Ahhh, you poor thing.  What was your thoughts on the situation say, 5 years ago?

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