"EOG has officially told my brother the well will cease production after this.
"
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Lsquarred replied to Jess Willingham's discussion Lang 11H"None of the mineral owners have received royalty payments since November 2012 on the Lang Unit. Not too surprised because I have had trouble with EOG making timely payments on other wells. But in this case, since the well is no longer…"
Lsquarred replied to Jess Willingham's discussion Lang 11H"I believe they renewed the mineral leases for this section 7 months ago, for three years. Therefore, they are not just drilling to possess a productive well to keep from having to re-lease the mineral rights."
Lsquarred replied to Jess Willingham's discussion Lang 11H"All of this leads to the next chapter for the Lang Unit. What next with all of the activity on the property? So much has been invested, will EOG drill on the two pad sites for Eagle Ford shale?
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Lsquarred replied to Jess Willingham's discussion Lang 11H"I just received a Division Order in the mail from EOG. The Lang-11-H is no longer deemed a test well, becasue royalty payments will begin to be issued this month.
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Lsquarred replied to Kristina Hallam's discussion Net Royalty Payments?"Here is a probable scenario. If the well is producing 600 barrels a day; the well head price is $100; and the royalty owners recieve 25%, the payout would be $450,000 for the month, Since their property was pooled, Bob would receive a mail box…"
Lsquarred replied to Mark's discussion EOG (and Other) Pearsall Wells - Plus comments on "legacy" Pearsall Shale production"Mark-
If the Lang 11-H is producing oil and gas, why hasn't anyone received division orders? I have sent a letter to EOG asking this same question.
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Lsquarred replied to Jess Willingham's discussion Lang 11H"So are you guys stating that the Lang 11-H well is now deemed a production well, or test well that is producing and selling product?"
Lsquarred replied to Jess Willingham's discussion Lang 11H"In your professional opinion, has EOG discovered any gas or oil during while drilling and fracking this test well?"
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"I received my Karnes County appraisal info for the three wells I have an interest in. All drilled…"
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Steve Wiggins replied to Mark's discussion 1000+ Acres units in the Eagle Ford / Is There any Recourse to Alter This Situation?"It is a tough situation, but it all really comes down to the lease. If you don't get…"
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