Landowners getting royalties: Do you discuss?

I have a question for the landowners that have multiple pads,multiple wells, and getting royalties. Do you discuss this type of activity to friends, coworkers and family members? Just wondering...

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Permalink Reply by Curt Sommers on November 9, 2014 at 2:54pm
Adam thanks for writing and understanding what I am trying to say.
Permalink Reply by Keith Mauck (Site Publisher) on November 10, 2014 at 3:21am

This is just my opinion, but overall you have to do what your gut tells you and base it on the context of the situation, i.e. what is your percentage of the interest vs is there leasing going on over there in that section?

But certainly one can share their knowledge while maintaining anonymity. In the end, all this information eventually becomes public...so IMO if the information is useful sooner to someone else making a decision I share it in most situations.

Permalink Reply by Trapper on November 9, 2014 at 3:18pm

LOL! My boss already knows the day may be approaching when I give notice. I'm 54 and would jump at the chance to retire early. Of course , he's in the same boat since he lives only a mile or so away and is also patiently waiting for his turn.

Permalink Reply by Frank Walker on November 10, 2014 at 1:48am

Family - not at all

Local in-the-shale friends - as required to benefit both parties

Distant friends - selectively, but wish in some instances I had not

On the job - you have to be kidding!

Permalink Reply by Fred Flintlock on November 10, 2014 at 2:11am

Frank, your family is already talking behind you back and claiming your rich anyways. LOL I hear this story all the time.

Permalink Reply by Frank Walker on November 10, 2014 at 4:22am

Good one, Fred!  No, I can honestly tell you my family is, so far at least, clueless.  Mind you, my reference here is to wealth related to shale.

Permalink Reply by Cynthia on November 10, 2014 at 4:35am

We discuss on a limited "need to know" or "important info to share" basis.  Our grown sons are fully aware and always kept updated - they will inherit the property and terms of our lease.  Other family members that are aware we are in a unit, we give minimal info - primarily because they have a misconceived notion that we're getting large sums of money in royalty - which we are not.  We do not discuss with coworkers and friends, unless we know they are also leasing - then the discussion is to share information of value.  We discuss most with our neighbors, because it's to all of our benefit to make sure our neighbors have good leases and are sharing the best approach to resolve issues. 

Permalink Reply by bungalow_steve on November 10, 2014 at 6:53am

"Unless you are going to help them out, then most folks don't want to hear about your good fortune except if you are having a kid or dodged a bullet."

 

Only true friends will be happy for you, the others will be jealous.

Permalink Reply by Frank Walker on November 10, 2014 at 7:44am

+1

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