"Many mineral owners focus too much on the lease bonus amount and not enough on the lease royalty and protection provisions. Yes, we always reserve the right to obtain well, lease and accounting information from our Lessee upon written…"
"Here are my notes from tonight's teleconference. Much of the info was a repeat of prior teleconferences, and since I've posted those notes already, I won't repeat them here.
The speaker on the telecon was Dan McDonald, the lead…"
"This is a good well, especially considering the lateral was only 4850' and there were only 19 frac stages. Usually the lateral length is in the 6000' to 8000' range with around 25 or more frac stages. I thought they drilled this…"
"imo, all good points.
although land wasn't/isn't my thing, back in the day when we contracted for 15 to 20 years at a time, we often would see many of these sorts of provisions in gas purchase or sales agreements. (especially desired was…"
"Need to prepare your lease to nail down royalty payment items as follows:
Pay within 60 days of the month of production occurs.
Non-payment of royalty is grounds for lease termination (usually 2 notices to Lessee/operator required) then lease…"
Be sure there is no "accord and satisfaction" clause somewhere on that check, which would bind you to the amount of the signed check when you may actually be owed more.
Yes, they will do that to you."
"A couple of months ago I got shocked by my royalty check. I has been as low as $30 and as high as 60 bucks but I got this huge envelope and a check for $656.00 and a copy of every month of well production for the last 5 years. No…"
"I've been in the land side of the oil & gas business now for over 33 years and want to first say I give no awards to Chesapeake for good faith and fair dealing. My company has had a battle or two with Chesapeake and was treated not…"
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