"I have been receiving checks from this well since May, with the earliest production dates in March. Still no division order, and I was told by WRM yesterday that they may not send out any division order unless it's requested."
"There are other international issues (pressues) and other OPEC members in trouble due to the depressed oil prices. Among them are Venezuela, Nigeria and of course Russia. The price drop put a real hurt on those folks and Venezuela…"
Hi,Does anyone else have corrections in their monthly royalty statements for months that are years in the past? I do. My current royalty statement makes multiple corrections for a particular well as far back as 2008. This happens repeatedly for the…See More
"If your producer has filed for bankruptcy, you might not be considered a creditor.
Do as search for the following:
Texas Land And Mineral Owners Association
WHEN YOUR OIL & GAS PURCHASER GOES BROKE
Be careful, it says not for internet use but is…"
"JHH, you must be talking about Sabine because I got my check in today's mail. I am sure tc knows what he is talking about and 80% may be fair, but my question is, why were we not being charged 80% before Sabine filed bankruptcy!…"
"80% is perfectly fair if the operator is paying the same amount for its gas. For most operators the transportation charge (and other 3rd party charges) has a per mcf rate, but they also have a fixed minimum amount that must be…"
Let's say you have a terrible lease... allowing an O/G producer to deduct all kinds of expenses... transportation... compression... whatever? How much is too much. I won't mention the company... it's not Chesapeake... deducting as must as 80% in…See More
"They could put new wells in on my land yesterday as far as I'm concerned. With all the new gas fields being found/developed all over the world its Starting to look like the market is headed to the gutter."
"Skip, I think you may be right. But just like the S&L crisis and other "bubbles" the realization usually takes a little time to get to "actualization", I am just interested to see when the dominoes start to fall. …"
"I truly am a neophyte compared to Skip and folks like Joe and others on these type of things and I don't know the O&G business well at all, I want to get that out there.
But I do have a some experience and knowledge of how lenders will look…"
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More