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Started By
Message
re: Haynesville Shale
Posted on 7/22/08 at 9:39 am to TigerDog83
Posted on 7/22/08 at 9:39 am to TigerDog83
quote:
According to our attorney in Louisiana if we had leased the land for hunting then we could not safely allow someone to enter the property thus tying it up.
1
Posted on 7/22/08 at 6:06 pm to Pierre
I'm throwing this out for public consumption and hopefully someone with knowledge of the area will have an answer. It was asked on a Topix site whereas this post was deleted numerous times. The Commentor was "Rabbit" and claims this particular question is repeatedly deleted and certainly never answered...Just wanted to see if TD had any answers for this person....
Why aren't the wells drilled last year in operation? They were between Goldonna and the Natchitoches Highway near the old Placid Oil Field. Are there any pipelines in that area to carry the oil? What about the gas wells? Does anyone have information on this topic?
Why aren't the wells drilled last year in operation? They were between Goldonna and the Natchitoches Highway near the old Placid Oil Field. Are there any pipelines in that area to carry the oil? What about the gas wells? Does anyone have information on this topic?
Posted on 7/22/08 at 8:47 pm to LSU Wants A Strike
quote:
Why aren't the wells drilled last year in operation?
Admins, will you please delete the above post?
Just kidding. I figured you were paranoid by now about asking this question.
PS No, I don't know squat. I'm just twiddling my thumbs waiting for them to get around to putting a well in my section. Not much else to do.
Posted on 7/23/08 at 1:32 pm to CAD703X
TigerDog83:
Okay.
Okay.
This post was edited on 11/1/08 at 9:14 am
Posted on 7/23/08 at 4:27 pm to ElmGrove
Elm Grove,
I'm no TigerDog but this might help you, I just answered this question on another post. The Louisiana Office of Conservation answers many questions from landowners.This is the office that all the o/g companies have to report their information to and have to answer to. There is an office in Shreveport but I like dealing with the Baton Rouge office much better.
The number in BR is (225) 342-7488. Just ask the person who answers the phone if you could have the department that handles production auditing for landowners. It is important that you get routed to the right dept. It will help, that when you first call and are dealing with the receptionist, to give a concise (brief and to the point) statement as to why you are calling. You might just want to say "I would like to speak to the dept. that handles landowner audits of lease royalty payments received from _________ Oil/Gas Company." If that does not get you to a person, let me know and I will give you the number to a geologist that works there that is ALWAYS more than helpful. He does not do auditing but he will tell you who you need to speak with there. He also answers questions about Unitization.
I'm no TigerDog but this might help you, I just answered this question on another post. The Louisiana Office of Conservation answers many questions from landowners.This is the office that all the o/g companies have to report their information to and have to answer to. There is an office in Shreveport but I like dealing with the Baton Rouge office much better.
The number in BR is (225) 342-7488. Just ask the person who answers the phone if you could have the department that handles production auditing for landowners. It is important that you get routed to the right dept. It will help, that when you first call and are dealing with the receptionist, to give a concise (brief and to the point) statement as to why you are calling. You might just want to say "I would like to speak to the dept. that handles landowner audits of lease royalty payments received from _________ Oil/Gas Company." If that does not get you to a person, let me know and I will give you the number to a geologist that works there that is ALWAYS more than helpful. He does not do auditing but he will tell you who you need to speak with there. He also answers questions about Unitization.
Posted on 7/23/08 at 4:28 pm to insomniacnla
Elm Grove,
I forgot to tell you the best part. IT IS A FREE SERVICE!
I forgot to tell you the best part. IT IS A FREE SERVICE!
Posted on 7/23/08 at 4:40 pm to insomniacnla
thats great that they have a service that provides something like that, i bet a lot of people don't know about it.
Posted on 7/23/08 at 4:47 pm to ShreveportTIGER318
The Office has really been very helpful for us. There are geologists there that will look at your area and tell you some points of interests and which depths may give the most production. Instead of speculating, people that do not understand the unitization process, they could call and go over everything. Everytime I speak with one of the geologists, they tell me "No problem, that is what we are here for to help landowners".
Posted on 7/23/08 at 6:37 pm to insomniacnla
thanks
This post was edited on 11/1/08 at 9:15 am
Posted on 7/23/08 at 6:39 pm to insomniacnla
Handy info, since I'm basically in the same position as Elm Grove. Just took care of a transfer of ownership for my late mother's interest.
An active well on property since 1981, has been through at least 3 or 4 companies, decimal interests to the nth, and the heirs get diddly-squat.
An active well on property since 1981, has been through at least 3 or 4 companies, decimal interests to the nth, and the heirs get diddly-squat.
This post was edited on 7/23/08 at 6:50 pm
Posted on 7/23/08 at 6:45 pm to ElmGrove
quote:
The stories I could tell about growing up in N. and South La.
Please do. I'd love to hear them. Maybe put them on the O-T board and not in this thread though. :)
Posted on 7/23/08 at 10:06 pm to CAD703X
Why don't you shut the hell up!!
Posted on 7/23/08 at 10:22 pm to Flop
quote:
Why don't you shut the hell up!!
Why don't you have a warm glass of shut the hell up. Where do you get off typing such drivele on this respectable message board?
edited: drivele is french for drivel
This post was edited on 7/23/08 at 10:23 pm
Posted on 7/23/08 at 11:59 pm to Flop
quote:
Why don't you shut the hell up!!
temper...
Posted on 7/24/08 at 12:47 am to ElmGrove
interesting
This post was edited on 11/1/08 at 9:16 am
Posted on 7/24/08 at 8:09 am to ElmGrove
The expert's bio says his experience is with Oklahoma oil & gas. Here's the relevant portion of his advice (to a Louisiana questioner):
My understanding is that Louisiana law provisions are different. An unleased owner does not get a deemed lease. Instead, that owner gets treated essentially as a 100% working interest.
quote:
If you are instead referring to the forced pooling process; this basically means that you will be "leased" at terms dictated by the State; based on what they think is "fair." A pooling order generally is good for only one year or less, meaning that if they don't drill within the time specified in the pooling order, the order will expire and you will be free to lease again. If you are pooled, and there is production from the well that is drilled, you will be paid based on your election of one of the several options afforded you in the pooling order. If you ignore the pooling order, a choice will be made for you by the terms of the pooling order.
My understanding is that Louisiana law provisions are different. An unleased owner does not get a deemed lease. Instead, that owner gets treated essentially as a 100% working interest.
Posted on 7/24/08 at 9:57 am to 330ash
quote:
This CMM then went on to say that "some people prefer to be pooled" -- via feeling that "the State will offer better terms than the company is offering."
The expert's stomping ground is Oklahoma where things are different. In Louisiana, the State does not make any "deal" for any unleased interest. In Louisiana, you will receive 100% of your pro-rata share based upon the acerage that you own and the size of the unit. LESS costs paid by the o/g company.
I would prefer to lease and make the best deal I can, 25% interest is common. If you do not lease, you will be chasing your money for the life of the well. I believe that production costs can be as much as 40% of an unsigned landowner's interests. The unsigned landowner would have to keep an attorney, CPA and a geologist on retainer to examine the costs being withheld from his share. I am sure that there would be VOLUMES of paperwork to sift through and to figure out if the costs assessed can be proven.
If someone only had 1 acre, I could understand why they would roll the dice and go unleased.
Good Luck in your leasing!!
Posted on 7/24/08 at 10:29 am to insomniacnla
Basically a lease is an agreement that entitles the landowner to no expenses and 12.5%-25% of the produced product which removes the risk from the equation. If a landowner chooses to "participate" and assume their share of well costs, they forfeit bonus money (which is getting pretty substantial lately in places) and take on their share of the risk proportional to how many acres they own inside that unit. If a landowner chooses not to participate they also forfeit the bonus and receive no royalties until wells pay out. These big companies will charge the landowner for everything in this situation therefore increasing the payout of the well, as believe me the accountants working for them are very good and have had plenty of people try this. You'll also be subject to getting no payment if the well is dry, or if they suffer a mechanical problem and have to "junk" the hole. Also, you'll be faced with auditing the company if you don't trust the numbers that you receive regarding well costs and production costs. I've seen people go "non-consent" before and it's been my experience that almost all the time it's best to mitigate the risk and take a good lease deal when it's presented. Some people are letting greed cloud their judgment.
This post was edited on 7/24/08 at 10:31 am
Posted on 7/24/08 at 10:37 am to TigerDog83
Acadiana, ygm
Posted on 7/24/08 at 11:07 am to CAD703X
People want to talk about the Haynesville Shale, not this BS you two keep posting. Bite me!
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