tag:blogger.com,1999:blog-8086456397451838852.comments2012-12-02T22:45:09.863-06:00enjoy it!Enjoy Gashttp://www.blogger.com/profile/02682631622099118833noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8086456397451838852.post-60300169731326913542009-04-06T17:23:25.041-05:002009-04-06T17:23:25.041-05:00Howdy! Just some information from my gas lease: ...Howdy!<BR/> Just some information from my gas lease:<BR/> We were among the first to sign up in 2006.<BR/> Harding was the originator of the lease at that time (it was later sold off to Exxon), and the terms were:<BR/> $800 an acre signing bonus.<BR/> 20.5% royalty.<BR/><BR/> Our lease quietly expired on 3/1/2009 and no wells have been drilled. <BR/><BR/> I think your advice about holding on to your mineral rights is absolutely right. It can only go up in the future.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8086456397451838852.post-65058632708940288232009-03-01T15:32:00.000-06:002009-03-01T15:32:00.000-06:00Pete,I'm not sure what environmental issues you ar...Pete,<BR/>I'm not sure what environmental issues you are most concerned about. In general, drillers are required to meet all the current laws and regulations. They have to clean up the drill site and collect/dispose of any waste water or other materials. Noise and lights at night may be an issue if you live near a drill site but those are temporary and generally not to significant. We have a rig about 2 miles from our home and I have never heard or seen it. I guess if it explodes, I might hear the it but so far that is rare.<BR/><BR/>State mandates in Texas may be different, but generally drilling is not too intrusive ... yet. See comments at http://enjoygas.blogspot.com/2008/02/owners-lose-in-court.html#comments.<BR/><BR/>Pipelines are an issue but are not done by the drillers (usually).Enjoy Gashttps://www.blogger.com/profile/02682631622099118833noreply@blogger.comtag:blogger.com,1999:blog-8086456397451838852.post-50903524783408876132008-05-26T17:14:00.000-05:002008-05-26T17:14:00.000-05:00Doug,What have been the environmental impacts of a...Doug,<BR/>What have been the environmental impacts of all of this drilling? We are still considering leasing up here in the Marcellus Shale field (NE Pa), but are having a hard time finding out what if any environmental issues may be likely to arise. And would it make any difference if we don't lease our 50 acres but everyone around us does? I am thinking about making a trip to Tarrant County to try and learn what we are going to be in store for here.<BR/>Thanks for any info you might have. PetePeter comlyhttps://www.blogger.com/profile/13467909239362321968noreply@blogger.comtag:blogger.com,1999:blog-8086456397451838852.post-63957609511995472882008-04-08T17:46:00.000-05:002008-04-08T17:46:00.000-05:00That is quite a tretise. I have not yet read all ...That is quite a tretise. I have not yet read all the "law" section so I will only point out a couple of things that may need further clarification.<BR/><BR/>Jim states that 200 rigs are working in Tarrant County. I think that is the count for the whole Barnett Shale field (18 counties). According to the RRC only about 50 rigs are drilling in Tarrant.<BR/><BR/>Secondly, gas has normally been consider "fugatious" but since the Barnett shale is so "tight" very little flow occurs.<BR/><BR/>It is my understanding that the area drained by a horizontal well's fracture zone is only about 200 feet on each side of the bore. Thus a single 2500 ft horizontal bore can only tap gas from about 20 acres. And thus a LOT of wells are required to produce gas in this field. And thus the state's rule that a bore can not come within 320 feet of the property line of an unleased property. Again, please correct me if this is not so but that is my current understanding and it consistent with several sources of information.<BR/><BR/>That rule means that a single 14 acre lot can preclude drilling that taps gas from over 10 acres. If only one in twenty or so lots decide not to sign a lease, they may restrict drilling on a large pooled group of leased properties and make drilling infeasible. That means that hold outs, if properly united and spaced, may end up having a lot of negotiating power.Enjoy Gashttps://www.blogger.com/profile/02682631622099118833noreply@blogger.comtag:blogger.com,1999:blog-8086456397451838852.post-72291742676041538862008-04-06T15:15:00.000-05:002008-04-06T15:15:00.000-05:00I can appreciate your comments about the lease roy...I can appreciate your comments about the lease royalties and the like, but do let me point you to an enlightening post about the drilling, as it pertains to Arlington proper. <BR/><BR/>The points remain the same throughout the industry.<BR/><BR/><A HREF="http://www.shanabearden.com/2008/03/19/i-promised-an-email-on-gas-leases-so/" REL="nofollow">Jim Bearden</A> is a well known attorney in the DFW area, and has more information in his law summaries on his own site, www.beardenlawfirm.com.MouthGirl.comhttps://www.blogger.com/profile/14574564359389260689noreply@blogger.comtag:blogger.com,1999:blog-8086456397451838852.post-69570235540862386452008-03-19T15:25:00.000-05:002008-03-19T15:25:00.000-05:00I don't think you're missing anything and further,...I don't think you're missing anything and further, I think it's typical of our government to focus on things that are a temporary solution. Thank you for that insight-it was not boring to me...MouthGirl.comhttps://www.blogger.com/profile/14574564359389260689noreply@blogger.comtag:blogger.com,1999:blog-8086456397451838852.post-87474434122660290082008-03-02T08:29:00.000-06:002008-03-02T08:29:00.000-06:00Initialy, the developers will promise to drill far...Initialy, the developers will promise to drill far away and do no damage and that is what they will do. But secondary drilling and production activities are even more strongly dominant over surface rights than the primary drilling activity.<BR/><BR/>The first well in a pooled 640 acre drilling unit doesn't have to be close to homes. Tanks and wellhead valving will not be very intrusive and probably will have little effect on property values or safety of the neighborhood.<BR/><BR/>However, when the other 80 wells are drilled to fully develop the unit, where will all those well sites, tanks, christmas trees, compressors and pipelines be installed? Will any laws or regulations force all that equipment to be installed underground to make them safe and/or reduce their visibility and impact on the esthetics and property values of a subdivision?<BR/><BR/>So far, these have not been an issue and the government regulators will be reluctant to make any changes that the public and lease contracts do not FORCE them to make.<BR/><BR/>In rural areas, these issues are not very significant. But in suburbia, who wants a big set of valves and tanks right by the entrance of a gated community of $200,000 plus homes? Is there any doubt that property values will be reduced if they are suddenly near a giant compressor installation?<BR/><BR/>And what about pipelines? They have to be installed. They have to go somewhere and in a suburban neighborhood, they will be installed where they are the lowest cost for the pipeline company.<BR/><BR/>By emminant domain, they go where they are needed. If that is through your yard, say goodby to established landscaping, big trees and perhaps even to structures.<BR/><BR/>Oh sure, fences will be rebuilt and some type of dirt will be used to fill holes. Streets and sidewalks will eventually be repaired. But it will take time for those impacts to blend in with older surroundings.<BR/><BR/>I have seen nothing that will require any tree over four inches in diameter to be replaced with one of similar size. I have seen no evidence that it is even possible for any of the 25+ year old oaks and pecans that grace the area now to be replaced.<BR/><BR/>But trees will eventually grow and property values will eventually adjust. However if 80% of the value of the gas goes to the big companies, owners will have little to show for their trouble.<BR/><BR/>We have already invested over $500,000 per acre in our property. Sometimes MUCH more. Impacting that for a signing bonus (under $20,000 per acre) may not be the wise choice particularly if it will be 10 years or more before royalties will be significant.<BR/><BR/>IT'S YOUR GAS ... ENJOY IT!Enjoy Gashttps://www.blogger.com/profile/02682631622099118833noreply@blogger.comtag:blogger.com,1999:blog-8086456397451838852.post-71995639263152485942008-03-01T14:47:00.000-06:002008-03-01T14:47:00.000-06:00Veeeery interesting! I wonder, though, what is the...Veeeery interesting! I wonder, though, what is the likelihood that in a residential setting, a driller would actually want or need to do anything that would cause surface damage?<BR/><BR/>In other words, if I enter into a lease agreement in a traditional residential subdivision, is there a realistic chance the driller might want to plow up my yard, or tear down my garage as part of drilling ro production activities?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8086456397451838852.post-36083650431462121112008-02-28T14:09:00.000-06:002008-02-28T14:09:00.000-06:00The story you just read is totally fictitious. An...The story you just read is totally fictitious. Any similarity between the characters or companies in the story and real persons or companies is purely coincidental.<BR/><BR/>My apologies if the story is a "little too close to home."Enjoy Gashttps://www.blogger.com/profile/02682631622099118833noreply@blogger.com