Last View: 4:44AM, 26 Jul 12
Last On: 1:40PM, 11 Dec 11
T. Rash
Share on Facebook
Share Twitter
  • Haynesville Shale Blog Posts
  • Discussions (6)
  • Groups
  • Photos
  • Photo Albums
  • Videos

T. Rash's Discussions

Extensions

Started this discussion. Last reply by The_Baron Dec 12, 2011. 2 Replies

If one tract of land has a well but the other tract on same lease does not have well, does the 2 year extension get paid?Continue

Getting paid on extension

Started this discussion. Last reply by Greedy Landowner Dec 13, 2011. 19 Replies

Three year lease was up before well went on line and did not receive payment on 2 year extension. What should happen now?Continue

Entitlement letter for royalties

Started this discussion. Last reply by Skip Peel- Independent Landman Oct 28, 2011. 10 Replies

Has anyone heard of writing an entitlement letter to receive royalty payment?

Gifts Received

Gift

T. Rash has not received any gifts yet

Give a Gift

 

T. Rash's Page

Latest Activity

Greedy Landowner replied to T. Rash's discussion Getting paid on extension
"definately"
Dec 13, 2011
P.G. replied to T. Rash's discussion Getting paid on extension
"Yes...but they still drill when there are some that haven't been leased or leases expired..."
Dec 13, 2011
Greedy Landowner replied to T. Rash's discussion Getting paid on extension
"I dont think so because after the well reaches payout the operator loses that income from the unleased owner and pays the owner 100% of their share of production proceeds minus production costs and supervision fees. With the leased owner they retain…"
Dec 13, 2011
P.G. replied to T. Rash's discussion Getting paid on extension
"Could it be advantageous to a driller to allow a percentage of acreage go unleased so they could use the money they would have been paying out in royalties to be applied to the expense of the well? Especially since NG is so low priced?"
Dec 13, 2011
Greedy Landowner replied to T. Rash's discussion Getting paid on extension
"You are correct, the option is their's if they would like to extend. Each section has its own unique set of financial circumstances so its difficult to generalize a yes or no answer on lease extensions and apply it to the entire Haynesville."
Dec 13, 2011
The_Baron replied to T. Rash's discussion Getting paid on extension
"Kittycat:   The extension is only a pre-negotiated option.   They an just let the lease go and hope to re-negotiate, of course it would open to anyone who wanted to lease. Or they can just let it go unleased. and force pool and drill the…"
Dec 13, 2011
obed w odom replied to T. Rash's discussion Getting paid on extension
"Of course they do."
Dec 12, 2011
kittycatmama replied to T. Rash's discussion Getting paid on extension
"it does stipulate that the same payment will be required to extend the lease;however, doesn't the gas co. have the right to no extend and just allow the lease to expire? Maybe I am mistaken"
Dec 12, 2011
The_Baron replied to T. Rash's discussion Getting paid on extension
"I don't think you will see that much bonus per acre for a long time, especially now that gas is about to drop below $3"
Dec 12, 2011
Greedy Landowner replied to T. Rash's discussion Getting paid on extension
"A well constructed lease would have stipulated the same payment for the extension. It does shed some light on just how expensive it is on the operator. Drilling and completion cost are betewen 11 and 12 grand per acre, plus up to a 20 grand per acre…"
Dec 12, 2011
Robert Griffin R replied to T. Rash's discussion Getting paid on extension
"KCM, Could you please share with us the well number for the UMO check you received last month? Thanks."
Dec 12, 2011
kittycatmama replied to T. Rash's discussion Getting paid on extension
"I am an UMO with Chesapeake. I didn't choose for it to be that way, but the day we were to meet with the Chesapeake rep a couple of yrs. ago, he called & said we are not going to lease anyone else in that section. This was a small acreage…"
Dec 12, 2011
The_Baron replied to T. Rash's discussion Getting paid on extension
"I doubt they will pay the same bonus. CHK has made it a policy to just carry many of these interests as UMI and hose them later."
Dec 12, 2011
The_Baron replied to T. Rash's discussion Extensions
"only if you have a horizontal pugh clause.   If so the other tract would not be HBP if it is outside of the unit."
Dec 12, 2011
robert minton replied to T. Rash's discussion Extensions
""Leased premises" consists of both tracts. The well on one of the  tracts in the lease, and keeps the lease alive. No need for lessee to pay for extension-lease has been extended by well on the other tract. 7, 8,or 9 tracts in a lease…"
Dec 10, 2011
T. Rash posted a discussion

Extensions

If one tract of land has a well but the other tract on same lease does not have well, does the 2 year extension get paid?See More
Dec 10, 2011
2 Comments

Profile Information

How would you describe yourself? Note: If you select "Landowner" or "Professional," your avatar will be badged accordingly. Select "N/A" if you do not want your avatar labeled as such.
Landowner
Tell us your story. If you work in the industry, tell us what you do and who you do it for...
Someone wanting to buy my royalties.

Comment Wall (1 comment)

You need to be a member of Go Haynesville Shale: Leasing, Drilling and Mineral Rights to add comments!

Join Go Haynesville Shale: Leasing, Drilling and Mineral Rights

At 11:20am on August 31, 2009, Keith Mauck (Site Publisher) said…
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.

Check out current discussions HERE.

Be sure to read up on how to navigate the site HERE. This will help you get the most out of the site.

Lastly, be sure to check out our tool bar. It will speed up your participation. Download our free toolbar


As a member, should you ever be on the recieving end of crudeness, rudeness or spam, let me know. The site is a peered monitored site and we need your assistance.

best,

Keith "Haynesville"
Site Publisher

P.S. Have fun SHALING!

 
 
 

advertisements