"Ben,
Have you been involved in any negotiations 1st right of refusal that goes as far as to cover oil and gas? what would be the range $$ in dollars for something like this, been told possiable a "nuisance type consideration" and possably…"
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Pipeline ROW, Zavala County
3 Replies
Has anyone recently come to terms on a Pipeline ROW in Zavala who is willing to share the price per rod or foot you received? Much appreciated.Continue
Tags: rod, pipeline, ROW, Zavala
Started this discussion. Last reply by russell kimbrell Oct 4, 2012.
Lease Offers, Terms, Etc.
12 Replies
I am closing on a lease for some clients who own minerals near Dilley, Texas. Terms are $2300/acre, 25% royalty and 3 year term.
Started this discussion. Last reply by russell kimbrell Feb 15.
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Ben Elmore replied to greg's discussion 1st right of refusal on ajacent property effecting oil lease"Greg, your post appears incomplete or it has some typos. You state ". . .i said why would i do that without compensation, he said were listening." Not sure what you mean. "
Ben Elmore replied to DMG's discussion La Salle County-Los Angeles"So, waiting on completion on Dossett 1H. Thanks Mark!"
Ben Elmore replied to DMG's discussion La Salle County-Los Angeles"Anyone have any updated info on this EOG Dossett 1H well referenced by Andrew in his January 7th post? I checked on DI, but it still shows "drilling in progress." Thanks."
russell kimbrell replied to Ben Elmore's discussion Lease Offers, Terms, Etc."Ok. The light just went on. I know I've been told that before but the light stayed waaaaay dim...
It makes a lot more sense now. "
"Rusty
I think that the "Pearsall" designation that Dan Hughes is using refers to Pearsall "Field" and not the formation. Believe that these are open hole Buda horizontals."
russell kimbrell replied to Ben Elmore's discussion Lease Offers, Terms, Etc."If it's the same Dan Hughes that's drilling in Zavala Co it's a Pearsall well if you can believe the formation they list on their permits. They have quite a few in Zavala co. They list them as pearsall/buda. Just saw…"
"The Pickens A 101H 16,000' PTD is a Pearsall test / All of Cabot's Pearsall wells have well designation numbers in the hundreds
The 14,000' Dan Hughes well is most probably the total depth to be drilled - including the…"
"Mark,
What do you make of the wells permited for 14,000' and 16,000'
Since February 1, 2013 to present there have been 9 drilling permits approved for Frio County.
Approved 02/01/2013 Submitted 01/29/2013 755800 163-33691 EF…"
Jimmy Whitley replied to Ben Elmore's discussion Lease Offers, Terms, Etc."look under http://blackbrushenergy.com/
Under operations is a map of Blackbrush holdings highlighted in yellow. I suggest if you are
near or next to their holdings, call and see if they are interested.
Blackbrush is drilling Pearsall wells up…"
"Suggest you google the Pearsall Shale on this site - lots of info on drilling activity and well performance from this interval.
Cabot is the major Pearsall player in Frio County with Blackbrush also drilling.
Wells are being completed but production…"
Ben Elmore replied to C Toalson's discussion Lease Terms"That sounds like the right decision on the surface issue. IMO, the non-executive owners have a right to information form the executive regarding elase offers, etc.. Problem is, the executive may refuse to provide it, requiring the…"
Ben Elmore replied to C Toalson's discussion Lease Terms"Actually, the Texas Supreme Court recently held that the executive has a duty to lease, and cannot refuse outright to lease. The case is Lesley v. Veterans Land Board. The court also confirmed that the executive owes a duty of utmost…"
Ben Elmore replied to C Toalson's discussion Lease Terms"C, it sounds like your executive may have breached his obligation to you, but it depends on the circumstances of the lease offers he received, and any lease offers to the current owner. I sent you a friend request and would be happy to discuss…"
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Comment Wall (3 comments)
- At 6:31pm on October 31, 2011, Bigfoot said…
- I like this. This closing seems to hit a home run on the three key elements of a lease unless the oil company plans to drill in their Living Room. In fact, my wife has been saying lately that at this stage in our lives, that would be O.K. too.
- At 10:20am on November 1, 2011, Ben Elmore said…
- I hear that. Nope, no living room drilling, but I expect the clients would move if need be.
- At 3:12pm on May 15, 2013, greg said…
Ben,
Have you been involved in any negotiations 1st right of refusal that goes as far as to cover oil and gas? what would be the range $$ in dollars for something like this, been told possiable a "nuisance type consideration" and possably royalties?
Thanks
greg
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M Wyckoff replied to Bart Hudson's discussion Wilde Trust on Gonzales/DeWitt Border"I see what you are referring to. I never go back and check the W1s. I've just been checking on…"
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