"Mike, thanks for the info. We will definitely look into the cost free royalty. I hope on my previous two leases it is 22.5% cost free royalty. Would it say in my contract if it is otherwise? We were under the impression that it would be cost free.…"
"Ettie, I totally agree with Spring Branch (Mineral Owner) comments on his 22.5% cost free royalty. I used that same approach with EOG over in Angelina County and it worked. I was prepared to stop talking for anything less."
propane and NG are not directly interchangable, but the UPS use case is interesting - They, to my understanding, are using a lot of NG fueled local delivery trucks, which drive typically a few hundred miles per day, with modest…"
"I'm green to gas and oil mining and I have some questions that maybe some of you can answer. I live in the neighborhood Willowpointe that backs up to slider 1 and 2 of the Lockhart Crossing field in question. My home backs up to the…"
"They were notoriously tight on bonus even back when EnCana and Exco were handing out $5K bonus money. I know of a farmer who was negotiating with XTO and EOG, back in 2010, on 400+ acres just across the river in Nac and he finally settled for…"
"I am certainly no expert, but am leased to XTO in the Morgan Berry, A-59, which is just south of H. H. Hall, A-404. If XTO won't budge off the $500 and 22.5 %, rather than go un-leased, consider asking for a 22.5 % cost-free…"
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