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…"
"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…"
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…"
"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…"
"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…"
"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…"
"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…"
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.
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?