"I would start with a CPA with expertise in the oil and gas industry. Remember, it is in the interest of the operator to charge you with every expense they can in order to push payout up. I don't really recommend being unleased myself; if you…"
"Is the operator providing you with a monthly accounting of your share of well costs and expenses so you will be able to know when they have recouped their costs? Are you using an independent auditor to make sure costs are honestly documented?"
About thirty years ago a company proposed to do "mining" of the Annona chalk formation in the caddo pine island field.
They proposed to sink a sizeable shaft that would enable them to dig tunnels out in a radius pattern below the…"
"Why should they produce high rates of gas at below breakeven prices? The wells are on small chokes with very high pressures so they probably would produce more if opened up. They are doing the royalty owners a favor by waiting for higher gas prices…"
Hello! I hope the site is a place for you to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. Since then, we have grown to over 10,000 members.
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