All things pertaining to natural gas leasing in Tyler County WV.
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Comment
"DO" is probably a Division Order, which is some document that the company prepares to show how the mineral interest is divided, who gets what share in a particular well or unit.
What is a DO?
Hi,
Looking for some of my relatives for discussion WEEKLY name mostly.
I'm curious if anyone has any information on BRMR using the Spencer pad to drill a Utica well. They state that in will be TIL (turn in line) by mid- Sept.
I think if there is no activity after two years, they have to reapply.
Shelly,
It depends on the length of your lease. Traditionally, leases in WV are for 5 years, but there are some 3 year leases. Additionally, many leases include an automatic renewal for one or two terms.
After the permit is issued is there a certain amount of time the have to drill before they have to do a new lease
Things seem to have really slowed down in Tyler recently. You can still lease for $3000-$4000/acre and 18%, but getting an offer is far less common that it used to be. Anybody seeing otherwise?
The other thing I've seen with a lot of DOs, even the most simple ones, is that they ask you to certify that you own 0.xxxxxxxx in the unit. You don't have the numbers necessary to calculate that number, so it's not right for them to ask you to certify it. I recommend that you cross out "certify", initial the change, sign the DO, and send it back like that. They may make a fuss, but tell them you can't certify something you can't figure out on your own.
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