"While I agree the Gov't shutdown is painful for those receiving no paycheck (a close relative), I agree that this is maybe the last 'best time' to try and right the ship. Trump was elected to do that, and it is, was and will always be…"
"Some things in your original post are confusing to me:
The found a 'new heir in CA'----you said you cleared the title in 2006?---why didn't this show up in the original title search? Have you verified their search information? Have…"
"Yup....almost 27% month vs. month. Did they increase the choke? No way to know for certain, but seems like a huge 1st full month production decline. Still a darn good well though....time will tell if it is a true home run."
"I don't wish to turn this non-political Forum into one, but I can't help feel that Trump knows exactly what he doing all the time....flushing out the rot, corruption and deceit that has crept into our political system is the past…"
Are you saying the same parcel of land (or any portion thereof?) is included in two production units?
I have not seen this; but I have to question why they would be paying royalty twice on the same parcel of land? In PA, there are setbacks…"
"Seems like a longshot for anyone to force a Driller to change their plans to include someone in a unit. These folks have sited the pad in the most advantageous location to drill as economically as possible. Their interpretation of the seismic data,…"
"Carp is correct about the well directions from the pad.
The amount of any plot of land, defined by a tax map, can be included or excluded from a Production Unit....much of our holdings (tax plots) are that way, some in, some out. Just because your…"
"Could it be that the wells are in two different formations? One pad's wells target the Marcellus' the other , the Utica formation.
All I can think of as a viable answer, because with an overlap in the same formation, they would be paying…"
"Thank you Roy, Josie and Bob, and Jack for making this scenario clear to me.
Next question....I know, they never end.....
What type of potential buyer can Shell expect to make an offer for the Marshlands?
Seems to me the majors in the area…"
"Nice summary Jack....thank you.
Question....if the Marcellus is/might be marginal (not doubting your assessment)....how could a value be assigned to the Marshlands acreage if the Utica (if present there) has not been developed to any extent?
"Although GMS is not a true 'Science' blogsite, the information exchanged is indeed very useful for those of us in the Gas Patch here in Tioga Co. and the surrounding area.
I follow several true Science blogs, and it is the purpose at these…"
bullfrex I'm not real good at math but I would think 16% with no deductions would be better for when the well starts to drop off after a year or so .with 18% with deductions it hard to tell what the deductions would be I probably would owe them lol ps I value your opinion thank you BILL
bullfrex I have another dumb question lol. I just got a letter they want to lease my land at my house .in your opinion would it be better to go 18% with deductions or gross royalty at well head at 16% with no deductions its only for couple acres thank you sir
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