Organizing HBP Neighbors

Does anyone know of a group of land owners whose land is held by production that have united to form a block to negotiate leases when asked to be put in larger drilling units? My neighbors and I feel the need to form a group and would like to benefit from the experience of others. All advice pro and con is welcome.

Views: 727

▶ Reply to This

Replies to This Discussion

Permalink Reply by Rob Rotz on September 4, 2012 at 4:09pm
Are you held by Oxford? If so we can get something going.
Permalink Reply by Kathi Albertson on September 4, 2012 at 4:22pm
We're held by several companies, large and small. The things we have in common is that we are held by production, our unit sizes are limited, we are contiguous to each other on farms larger than 75 acres and are in the wet gas area. We think we are holding a pretty good hand as long as we stick together.
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on September 5, 2012 at 12:48am
There's a law firm doing this in Mahoning and Trumbull counties. Where are you located?
Permalink Reply by Sage59 on September 5, 2012 at 3:25am

Hello Marcus. My land is in Trumbull Co. Can you name the law firm? There are several farms around us that would like to look into such a thing. We are HBP, but have small acerage drilling units on our old, outdated leases. Just as the leases are non functional for Evervest, and they will need some wiggle room to drill horizontal wells, we would like a bit of wiggle room toward a reasonable signing bonus and better royalty percentage.

Permalink Reply by Jim Litwinowicz on September 5, 2012 at 4:07am

This is an excellent idea. If everyone works together and is very patient you may be able to get a much better deal than any one landowner working alone.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service