BarnettShaleOil.com

Neighborhoods and all other property owners obviously want to get the best possible signing bonus, royalty and other terms. The following tips are intended to help in negotiations on several key financial and other terms. Neighborhood Association Yard Sale- we are in need of donated resell able items. We will be picking up items on May 3rd.

Personally, I plan to attend the meeting, however, I fully expect them to not allow any of the gas lease committee members into the meeting. This is where we need your help. Perhaps you can print some information from the web site to give to these neighbors and print and share these emailed info updates with them. Perhaps some mass transit to reduce ozone and traffic congestion? Arlington is one of the few major metropolitan areas without some kind of public transportation.

Per the terms of the LOI, regardless of whether (i) Dune enters into definitive agreements with the sellers or (ii) closes the purchase of the properties, Dune is required to advance to the sellers, up to $2,500,000 between March 2, 2005 and the contemplated Closing Date of the transaction. Such monies advanced by the Company will be utilized by the sellers for certain completion and drilling activities to be performed on the subject properties prior to the Closing Date. Perhaps a thread discussing the safety of pipelines and whether we need to get rid of natural gas service would be of merit, but it seems to me that the discussion here is about how to deal or not deal with mineral leasing issues.

Gas companies know the competition game well. The price companies offer land owners is not just based on the price of natural gas, Robbins said. Gas that occurs in pockets underground is considered a conventional reservoir; gas that is distributed throughout the rock, like the Marcellus, is called an unconventional reservoir. Gary Hogan, who lives in the Chapel Creek area near Fors, served on the task force. It wasn�t an experience that made him feel good about where Fort Worth is headed in the clash between neighborhoods and the gas industry.

Gas drillers like Chesapeake Energy spend a lot of time meeting with your City Council representatives behind closed doors. They have access and they make the most of it.

Chesapeake can then drill down vertically (to depth of 7,0008,000 feet) and can then turn horizontal and can go about 1 mile or 6000 feet. Each vertical drill (drill bore) can have up to 12 horizontal “arms” extending out. Chesapeake will then drill horizontally from a remote location to tap the trapped natural gas under that plot. We will receive roughly 25% royalty for any gas production on 15/40ths of that plot. Chesapeake claims to have them all, and, thus far, he concedes, nobody’s proven them wrong.

Chesapeake, with revenues in the billions last year, plans to spend $100 million and will devote three rigs full time to drill 45 to 50 wells around Johnson County in 2005. In addition to expansion, Chesapeake hopes to increase the existing wells’ daily production of 25 million cubic feet to 86 million cubic feet by 2006.

Mineral rights and surface rights are not the same thing. It is possible to own the surface rights to a property (e.g. Mineral rights could belong to the current (surface rights) owner. Or, the mineral rights could have been “retained” by the original owner of the property from perhaps a hundred years ago and passed to heirs. Mineral rights are the only non-producing ownership. Royalty deeds can be a special problem, because sometimes an unsolicited check, with paperwork to be signed, arrives in the mail.

Drillers must follow state law only when drilling at UTA. Drilling rigs have been a regular sight in rural areas for years. But more recently, companies are tapping into more populated areas, including Fort Worth and Arlington.

Click on your state to see the latest in industry news and events. Only states for which we have links will be active. Click the link on my name for some other added benefits that money won’t cure.

Checks are then issued immediately upon approval of title. Thunderbird O/G has been carrying blank, signed checks with them to give a check immediately at signing. Check out where they intend to put the well head. They typically go down quite a ways (thousands of feet) then do horizontal drilling.

Oil has also been found in lesser quantities, but sufficient (with recent high oil prices) to be commercially viable. Oil & Gas companies are currently exploring Northeast Tarrant County and signing leases with homeowners under whose property they need to drill and possibly mine the natural gas.

Texans have been able to deduct their sales taxes since 2005 after an 18-year dry spell and will again for ‘07 filings. Be sure to add up your sales receipts, or use the charts provided by the IRS for an acceptable number. Texas may allow you a 72-hour cooling off period for some contracts. You also may have a case for deceptive trade practices or signing under false pretenses if you were told some of the myths listed above and can prove this in court.

Dale claims they can get your money to you a few weeks faster than the SWAPO2 lease, but they don’t tell you that you may well get less money than you deserve for you signing bonus. Faster is not always better, especially when the company making the offer has done everything they can to break up the successful SWAPO2 neighborhood group. Dale is an exclusive leasing agent for Chesapeake, while Chesapeake handles all operations. What does this mean to the mineral owners?