Possible force pooling , maybe

My friend in Noble county has a delimma, A company wants to sign a lease with her because they have a unit about completed and shes almost in the middle of it. She's thinking she may be better off to make them force pool her land. Their offering close to 6000 to lease but she thinks she may be better to hold off and become a part owner in the well when they drill. Isn't it after they recoup 200 percent of the cost of drilling then she will receive he money. I told her how would you ever know when that is and in the long run would you make any more money.. About forgot she owns 2 acres. Any opinions would be appreciated because she's an older woman that doesn't know what to do.. Thanks

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Permalink Reply by Philip Brutz on December 24, 2013 at 6:16am

Jim, could forced unitization be used to get around the acreage limitations of some of the old leases?   

Permalink Reply by Joseph-Ohio on December 24, 2013 at 6:50am
What would the Chief say / rule ? ?
Permalink Reply by Jim Litwinowicz on December 24, 2013 at 9:15am

To change the unit size limitations of a lease would fall under the forced pooling clause I would think but that is just a guess on my part. I am not a lawyer and even they may not know unless there is case law that defines these details.

Permalink Reply by maag man on December 24, 2013 at 10:33am
How about u quit advising her because u are ridiculous but...she better take the money now or lose . where do you people with these stupid ass thoughts come from
Permalink Reply by Joseph-Ohio on December 24, 2013 at 11:15am
I come from the jungle maag man !

Better we ask where the legislators get their thoughts from and to leave them there !

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