"I agree with you on all counts Skip. To clarify, the Gene Buckles lease covered more than one plat, and were unitized due to non Pugh clause, but as you said, the lease should or could likely have been stopped in 2012 or again since…"
"They have been cashing checks however until recently they were unaware of the truth. The royalty/surface owners now know about it. Regardless, the fact of false reporting is the question. These are 1900 acre chalk units I am referring to. …"
"Thanks Skip. Hilcorp definitely still claims the original 1971 lease SUA thru SUI was held by SUF production (no Pugh clause). Just depends on how they'll view the loss of SUF, with SUH coming in 4 months later. I agree with you…"
"DavidsonBuckle#2 (holds February 1971 lease) also had zero production for several months in 2012, but the most recent work permit report stating "unsuccessful re-completion" seems to be the what nails it down? The re-perforations…"
"After investigating this company for months...I get no answer. Last check I received was for $10.48 in 2010. I am trying to get the La. Conservation office to plug my well that has been there since the late 1970's. I do know…"
I have come across a company that has been reporting production on a large unit in Louisiana when in fact there has not been any production for the past year. Obviously this is a poor attempt to hold acreage and forestall their obligation to plug or…See More
"What is the geology on this? I assume the old Rodessa field and looking for what Stroud found North of McLeod with the Arkla-Blackstone. I heard it was down to about 100 barrels a day but was producing a lot of water."
"That one was just approved on the 15th. It is permitted both vertical & horizontal and has a note on the vertical section: The vertical, exploratory pilot hole in Wildcat Field will not be completed or produced. The system still required…"
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