"Jody, I will be happy to share with you what we actually settle for. The bonus will be 500.00 per acre, 22.5% royalty. Will settle for the 22.5% with cost-free. The land person said a well would be going down soon. Hopefully will not take as…"
We are in the A Speer survey (South of H H Hall). We were approached a couple months ago by XTO to see about an extension (18 months) to our current lease. Our lease expires next month. At that…"
"Ezra, NO we are not getting royalties. Fite has a shallow well (1500 ft or less) NAC RA SUG:MARTIN TIM. #2 in the area also. No royalties from Fite since 2011.
Who is the operator?
If we are due royalties how do we get them?
"The Tellus Benson-Penton 33-28 HC well seems to be holding up well so far. SONRIS Lite shows August production from the unit to be 23580 bbl oil and 87359 MCF of gas. This corresponds to 761 BOPD and 2810 MCFD. This unit also includes 2 stripper…"
"Thanks for that information Skip. I have a number of HA wells in Section 26 - being produced by J-W. Am I correct that production from these wells will be, at least in part, piped to some kind of LNG conversion facility on the gulf…"
"Willie, my family also owns acreage in this unit and have not been contacted by Chesapeake. There is an existing shallow producing well, Fincher#2 (214995), that I believe includes your land. I had to track down the operator last year to receive…"
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