Landowner "pooling"

Can someone answer a few questions about the "pooling of property" process? If indivual propery owners sign leases without "pooling" do they only get royalties if a well is drilled on or under them? If  landowners get together to form a "pool" unit of approx 600 to 1000 acres, do they need to organize and sign together in order for all to benift or do the gas co's determine the "pool" area based on the best location for a well?

Views: 647

▶ Reply to This

Replies to This Discussion

0l1a6laz7smpfPermalink Reply by 0l1a6laz7smpf on January 11, 2011 at 3:10pm

Hi everyone...I want to thank John ginkel for starting this discussion...it has helped me in reading everyone's input.   

And I especially want to thank Mike Knapp for joining us here at gomarcellusshale and helping us to understand these processes/definitions that are so new to us landowners and I wish him much success in his endeavors in the O & G business.   If any of you has yet to visit Mike's website...have a look, he has a video on horizontal drilling that is ideal to watch that surely helped me today to understand the process more.. (he's even on tv in one page of his website!..ha)   The horiz. drilling video is at the bottom part of page and is simple and short to listen to...enjoy.

http://www.knappap.com/marcellus_shale.html

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service