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Permalink Reply by Tom Copley on October 12, 2011 at 11:00am

Lit'l Cougar-- It's a good thing! --Tom

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Permalink Reply by Little Cougar on October 12, 2011 at 12:18pm

Hmmmmmmmmmmmm...okay...the well was drilled late winter 2010 and the first production report is for Jan-June 2011 and it stated that...wonder when I will start seeing the royalty payment...I only own 1/5th interest and have only royalty rights no executive rights so I have not idea what was the final lease...and EQT only tells me I will eventually see a royalty check...amazing...so you still didn't say what it means... : )

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Permalink Reply by Little Cougar on October 13, 2011 at 4:29am

Tom...

 

I just got the most fantastic news ever today...now I know what that terminology means...and guess what???  The check is in the mail... : ) I will have it by Monday...Yahoo!!!!!!!!!

 

Lit'l Cougar

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Permalink Reply by Robert Bond on October 12, 2011 at 1:52pm

Little Cougar go to www.glossary.oilfield.slb.com this contains a lot of oilfield terminology.  Hope this helps.

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Permalink Reply by Little Cougar on October 13, 2011 at 4:31am

Thanks, Robert....I now know what it means... : )

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Permalink Reply by GBrewer on October 13, 2011 at 6:12am

to quote your earlier response, ..."so you still didn't say what it means...

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Permalink Reply by Little Cougar on October 13, 2011 at 6:41am

It means my ship has come in...the well is producing and I am finally getting royalties...Bahama's here I come!!!!

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Permalink Reply by Jim Litwinowicz on October 13, 2011 at 8:14am

Been nice knowin ya!!!  Before you go...get them to deposit the money by electronic transfer...then you won't hafta worry about it sittin in a mailbox while you cruise the Caribbean in your yacht!  Or at least, get a PO box so that no checks are in a mailbox for a few days.

 

Congrats and have a great life!

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Permalink Reply by Little Cougar on October 13, 2011 at 8:29am

Jim...

Not going anywhere...still have another 104 acres in Greene Cty that has an old well lease that the O&G is wanting to modify.  Just waiting to hear what they have on the agenda for that...earlier in another post, someone said whether it was best to be aggressive or patient...I think patience is the answer.  They will come to you when they are ready...so I was patient...going to continue in that vein.  Time is on our side and I was not greedy but was rewarded very well.

Thanks for your good wishes and I extend them to you too...we have something valuable for the first time in our lives...and we reap what we sew...so I guess I must have done something right in my life.  I work very hard at a job I love and made a great life for myself after my husband died; and I take care of my Mom...this takes some of the worry away if something should happen to my job.

Keep the posts coming...I learn something new everyday.

little cougar...

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Permalink Reply by craig on October 13, 2011 at 6:20am

Without looking it up, i'd hazard a guess meaning, that the well is connected to a transmission line and gas is being sold.

Congrats Little Cougar!!

 

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Permalink Reply by Little Cougar on October 13, 2011 at 6:45am

Thanks, Craig...I hope everyone on this site will experience the joy I did this morning.  It is more then money to me...I wanted my Mother to see something of her legacy...she is 86, soon to 87 and not doing well and is always worrying about me...

 

God Speed to all of you...I will keep you posted about my other tract of land...I have learned so much from this site and can't wait each day to sign on when I'm having lunch.

 

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Permalink Reply by Robert Bond on October 13, 2011 at 6:48am

Congrats!!!  That is the kind of news many of us wait for.

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