I have been told different things about what the low oil prices mean to the drilling boom in the Utica, especially to the Ohio boom where we have more oil than gas... Does anyone have any accurate info on this subject....
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Easiest way to avoid partition is to sell royalty interest rather than mineral rights.
Thank you for taking the time to explain that to me. You have given me much to think about.....MP in Or.
Joseph, unless you have your property subdivided and sell one of the parcels, when you sell part of your minerals you are becoming business partners with the entity that purchased them. When one of the partners wants out of the partnership they can force a sale.
In ND its a sure thing in the Bakken formation and any well is only a place holder to secure a lease;the horizontal when frackked can only harvest a 300 foot wide swath 2miles long, so they start next to the section line and many years later bring another rig in and do it again.Continental is harvesting from several layers below the Bakken from a single pad, and you can find out about this by a search
Well, maybe it won't be all that bad.... I would hate to see all this blessing suddenly come to a screeching halt..... If only the Saudis would cut production the price would go back up slowly... Does anyone know how A.E.U. is reacting to all this?
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