Monday, September 8, 2008

TX Supreme Court Says No Actionable Trespass For Frac

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

25 comments:

Anonymous said...

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.

Anonymous said...

Can't seem to remember, can anyone tell me what was the first Bakken well in Mountrail County?

Anonymous said...

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.

Anonymous said...

3/16 should be the lowest you go on royalty. 22.5 is the highest

Anonymous said...

Good decision Texas.

Anonymous said...

http://www.canadianbusiness.com/managing/strategy/article.jsp?content=20080915_198702_198702

Anonymous said...

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.

Anonymous said...

Thats good, Mountrail started out
around 100.00 per mineral acre two years ago.

Anonymous said...

http://www.thetakeaway.org/archives/2008/08/01/9

Anonymous said...

If you want to talk numbers, check this out:

$26,517, 26.5%, 3!

http://seactx.org/index.html

Anonymous said...

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

Anonymous said...

Thats 2,750.00 per mineral acre right?

Anonymous said...

Correct 2,750.00 per m a.

Anonymous said...

Larry,
Can you add a updated IP decline chart.
Thanks

Anonymous said...

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.

Anonymous said...

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)

Anonymous said...

http://www.crudeindependence.com/main.html

Anonymous said...

http://www.youtube.com/watch?v=_9zoJITuZx0

Anonymous said...

New Whiting Presentation Update

Anonymous said...

Teegue,
How to figure our gas, I forgot were on a 1280 spacing, 18 month lease, 25% royaltee, 500mcfpd, @ 2.384 gas?
Mountrail

Trailboss said...

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.

Anonymous said...

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.

Teegue said...

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."

Estefan said...

piye ndes..Tulung pencet iklanku

Arizona foreclosures said...

Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…
Texas