Will company take me to court before forced pooling?
Im trying to negotiate bonus. Company doesnt want to pay what I want. WILL they take me to court , force pool me ,or agree as spud date comes closer? OR just leave me out? Im apmost sure they have a unit planned. I was leased with them before and renewed but they didnt drill in those 10 years.
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Permalink Reply by tacoma7583
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you didn't put what state your in. If in Ohio as long as they have 65%? of the acreage signed in the unit it most likely would be force pooled. if forced pooled they have predetermined schedules on what you would be paid. it is something like 12.5% of the royalty until they recoup 200% of the well cost an then you would be paid 78.5% of the royalty after that or something like that.
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tacoma7583 replied to adam sorell's discussion 'Will company take me to court before forced pooling?'
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