Replies to This Discussion

Permalink Reply by Shocked at SHELL on April 30, 2012 at 4:12pm

you have 5ac get over it! Do you think you own the golden goose egg.

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Permalink Reply by Allison on May 1, 2012 at 4:41pm

wow no need to be rude! just asking a question!

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Permalink Reply by Jack Straw on May 1, 2012 at 5:22pm

There are people who post things that truly deserve a rude response.

Your posts deserve a courteous and (hopefully) helpful response.

I did some "back of the envelope" calculations; if you were to end up with five acres in a 500 acre unit (with perhaps four to six wells), it is possible that you might receive something of the order of $20,000.00 over the first three or four years. With a steep decline, perhaps another $40,000 - $60,000 over the next 30 years (all wild estimates in 2012 dollars). My guesstimates could be high; but, my guestimates could be low.

This is simply a guess, as only hindsight is "20-20".

With only five acres, your land would be protected from direct impact.

What people on adjoining properties might do are (and always will be) beyond your control.

Verbiage in a lease and in a deed (upon future tranfer) could protect future owners of the property.

A horizontal well bore 7500' below a 5 acre property will hurt no one.

Royalties from a horizontal well bore 7500' below a 5 acre property could be helpful.

I would humbly suggest that you do what you believe to be best for you and your family.

You need not explain or justify your decision to anyone; the fact that you have tried to do what is best justifies any decision you choose to make.

 

All IMHO,

                JS

 

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Permalink Reply by Allison on May 2, 2012 at 3:18am

Thank you so much! I really don't know what to do, and i don't need to decide right now but i do know if i let them go with the house, i will probably regret it later. My point was, i don't know what's going to happen in the future with this and i would hate to let them go. i'm not expecting to get rich, but who doesn't want a few extra thousand dollars a year? Thanks for your help, and for not being rude!!

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