william george allison
Landowner
Profile Information:
- Introduce Yourself
- the gas company has treated me ok so far but i like to stay on top of things in case they dont treat me fair
- Which state(s) are you following?
- West Virginia
- What shale plays do you follow?
- All Shale Plays
Daryl Brown
wow. Well good for you. She probably had a serious problem but that's not your fault. Ya I guess if you got it that cheap spending a $1,000 on some legal advice might not be so bad. Still a great deal overall.
Oct 12, 2017
Bullfrex
Yes William....that is the completion rig. It is a smaller drilling rig that is used before AND after the BIG rig drilled the bulk of the well....primarily the bottom of the vertical well and the entire horizontal leg.
That rig will open the cement plug placed after the fracing process.
After that process is complete, the operators will conduct the 'flowback' work, where all the water (most of it, anyway) is recovered during the flowing of produced gas. This will last some time, depending on the amount of water used in fracing.
This is the final step of production, and you will collect royalties at some future time from this stage.
I wish you well, and enjoy the gift!! Only today's though....don't spend it until you have it, because the true decline curve will not be revealed for 12 months or more, depending on production methods.
Mar 1, 2018
Bullfrex
William, I am not the best person for an answer here, but I will give you my opinion. Keeping in mind I don't know how other Producers treat their Lessors, we asked for and got a no deductions clause added to the addenda. Our producer has honored that and they take zero deductions from our production to pay royalties.
Having said that, the horror stories I read on this forum concerning the backdoor deductions being taken from a gross at the wellhead worded lease leads me to believe the lease language matters less than the integrity of the Lessee.
Your question is not dumb....wish I could say the same for my response to it! lol
Mar 3, 2018