As a followup to a previous post on July 15th, the Texas Supreme Court has held "that an oil and gas driller who follows regulations set aside by the Texas Railroad Commission is not liable for committing a trespass when the driller’s hydraulic frac from a legally located well accidentally reaches an adjoining tract of land."
The law of capture rules, and remedy for adjoining owner is to drill their own well.
Dallas Business Journal
Subscribe to:
Post Comments (Atom)
25 comments:
We have some acreage in Williams county and have been approached by an oil company for a lease. Could you give me an idea of the current leasing info re: $/acre, royalty share, term etc. The minerals are in 154N 100W Section 7. Thank you.
Can't seem to remember, can anyone tell me what was the first Bakken well in Mountrail County?
I have a lease offer from Brigham for some acerage in 14-154N-100W. The terms are $175/acre, 1/6 royalty, 5 year lease.
3/16 should be the lowest you go on royalty. 22.5 is the highest
Good decision Texas.
http://www.canadianbusiness.com/managing/strategy/article.jsp?content=20080915_198702_198702
We are in Mountrail and we are signed at 25% and 1,500.00 per mineral acre. Dont let the Oil company s screw you.
Thats good, Mountrail started out
around 100.00 per mineral acre two years ago.
http://www.thetakeaway.org/archives/2008/08/01/9
If you want to talk numbers, check this out:
$26,517, 26.5%, 3!
http://seactx.org/index.html
Wow some numbers!!! Was that with Sinclair??? I have been corrected with our numbers...25%, 2,750.00, and 18 months. We hear now we will have dualling (side by side) s.p. Oil Wells. Mountrail
Thats 2,750.00 per mineral acre right?
Correct 2,750.00 per m a.
Larry,
Can you add a updated IP decline chart.
Thanks
You can put lipstick on a landman but its still just oil that was once dead plankton accumulated on the seafloor in geologically ancient times.
For decades, the Bakken was the fool's gold of the oil industry. The name describes a geological formation that looks like an Oreo cookie: two layers of black shale that bleed oil into the middle layer of dolomite. It's named after Henry O. Bakken, the North Dakota farmer who owned the land where the first drilling rig revealed the shale layers in the 1950s. (Sorry I dont know who wrote this)
http://www.crudeindependence.com/main.html
http://www.youtube.com/watch?v=_9zoJITuZx0
New Whiting Presentation Update
Teegue,
How to figure our gas, I forgot were on a 1280 spacing, 18 month lease, 25% royaltee, 500mcfpd, @ 2.384 gas?
Mountrail
C'mon. How about a post, Teague. There has to be some news here. We're sitting in Mpls with royalties in No Dak and read everything on this blog.
Thanks for everything you do. We wish you reported on McKenzie Co. too.
Hi, it took us 3 years to get a good lease. For those of you sitting on MA in the Bakken I say hold out. Dont sign for less then 25%. Predictions are that spacing will go down and that means royaltees will go up. There are form letters going out to those who have not signed a lease saying their company will BUY your MA for 3K an acre. Your best bet is to lease NOT sell. This is strictly my opinion.
Trailboss, thanks for showing up here. This is a hobby and like hobbies of most people, they take a backseat to other priorities.
In the meantime, I suggest the Rocky Mountain Oil Journal, which has news every week, and there is usually a dozen or more comments on the discussion group everyday over on google groups. Both have links on the top right of the page under "things to check out."
piye ndes..Tulung pencet iklanku
Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…
Texas
Post a Comment