"thanks Skip, will check this one out. Have been too busy to worry about the well, for sure not getting any royalties but with gas price down, guess that is to be expected. Hoping that when the new plants come on line, things will pick up. Larry"
"Thank you! I'll go back and take a look at that. It's complicated by changes to decimal ownership revised back to first sales for the inclusion of Texas State Highway tracts; received new DO's in April. XTO appears to have…"
"Moon-Hines-Tigret Operating Co., Inc. just drilled a dry hole near pond. I spoke with their engineer the other day and he told me they drilled to the Wilcox Minter Sand which is about 8500 feet.
I do not know the exact location insofar as Section…"
"They extended mine by the chicken plant to 2017. I think given the current price environment they wont be doing much if anything in the near future. Its a wait and see game. Is it now the Dead Dense?"
"No doubt that the details matter. The no cost royalty should markedly strengthen the value, The Pugh clause may weaken the value to a buyer, but not by much, while it offers me, the potential seller some retained value.
I've received three more…"
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