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Eagle Ford Shale - Oil & Gas Discussion

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Eagle Ford Shale - Oil & Gas Discussion

Oil & gas discussion group for those interested in Eagle Ford Shale. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Website: http://www.eaglefordshale.com
Location: South Texas
Members: 420
Latest Activity: on Wednesday

Discussion Forum

Royalty Payments getting lower and lower and lower....

Started by Robyn Barziza Chargo. Last reply by Jimmy Ray Holmes on Wednesday. 4 Replies

Hi all..My 2 siblings and I inhereted about 15 acres of mineral rights and lease to EOG.  We were soooo excited...in the beginning....since we've been getting payments (about 6-7 months) they have…Continue

SEEKING mineral/leasehold owners in La Salle County, TX

Started by K. Smedley Jan 25. 0 Replies

SEEKING mineral/leasehold owners in La Salle County, TX:  Do you have open/unleased mineral/leasehold rights in La Salle?  Currently leased but about to expire?  Is your current lease only for a…Continue

Eagleford Update

Started by John Sabia. Last reply by Rock Man Jan 14. 19 Replies

As a mineral owner in the Eagle Ford, Vine Royalty likes to stay up on trends and happenings in the shale. Below is a list of moves made by the big operators in the Eagle Ford. Let me know what…Continue

Keywords: Natural, Resources, shale, Pioneer, Noble

SEEKING mineral/leasehold owners in Atascosa County, TX:

Started by K. Smedley Jan 13. 0 Replies

SEEKING mineral/leasehold owners in Atascosa County, TX:  Do you have open/unleased mineral/leasehold rights in Atascosa?  Currently leased but about to expire?  Is your current lease…Continue

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Comment by Robert Eardley on January 14, 2017 at 11:23am

Doug,  It is a fee that is part of the Severance Tax it is part of the Crude Oil Production Tax that is collected and paid to the State Comptrollers office which is part of the severance tax.  Here a link to Comptrollers site https://www.comptroller.texas.gov/taxes/crude-oil/ hope this helps.

Comment by William Douglas Archer on January 14, 2017 at 11:14am

My lease form is one that very clearly a 25% cost free royalty. My position is that they are getting 75% of my minerals and I am not paying for anything against my royalty other than severance taxes.

I see that I am being charged for "Oil Field Cleanup"  Anybody know what that is?

Comment by KP Young on December 28, 2016 at 12:33pm

Does anyone have a feel for the royalty and lease bonus rates in southern Zavala county just north of Crystal City? We've been approached a couple of times over the past month by two reputable operators in that area

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Comment by Charles Emery Tooke III on December 7, 2016 at 3:09pm

Dennis - 

Your interests in SW Atascosa and SE Frio are very, very, very, very valuable.  In most of that area, not only is the Eagle Ford extremely productive but the Pearsall formation that runs about 2,000 feet deeper is just as productive. 

If you will accept my invitation to become A Friend on The Forum, I will discuss my history in helping people in that specific area of the Eagle Ford with you.  

In the meantime, I advise that you don't sign or even verbally agree to anything.  And, if you don't have an experienced Oil and Gas Attorney to consult, I can suggest a couple to you. 

Charles Emery Tooke III

Certified Professional Landman

Fort Worth, Texas

Comment by Dennis Engelmann on December 7, 2016 at 10:26am

Could anyone give a general idea of what bonus, royalty and primary term of leases may be going for in the SW part of Atascosa and SE part of Frio Counties?  Understood a good part of this acreage is HBP.  Any information helpful.

Comment by TR Levee on November 29, 2016 at 3:03pm

Anyone got current lease rates in Burleson Co/EaglefordShale. Also anyone have any info on Halcon these days.

Comment by William Douglas Archer on August 14, 2016 at 4:13pm
You can likely find it on the railroad commission website and can then download the plat which will detail the land included.
Comment by CClayton on August 14, 2016 at 3:28pm

Our 1st well wasn't drilled till the very beginning of year 5, but it's impossible to say they would have drilled within the first 3 years under the pressure of having no extension option. I feel safer saying it's a good thing we did allow an extension in our case. EOG is the company and I couldn't find the acreage for our unit on any documents. I think I spotted it once on the TxRRC website and it was slightly under 640 acres, not all ours.

Comment by William Douglas Archer on August 14, 2016 at 3:02pm
This was an 18 month paid up lease. First well completed with 7 months remaining and of courses a continuous drilling obligation. Seems that the lease was going to expire prior to the spudding of the next well.

I personally do not believe in options as they are certainly not in the lessor's best interest. If the market is "hot" the lessor fails to capture the momentum. If the market "cools" the lessee either renegotiates or allows the lease to expire.

CClayton, who was your lessee and how many gross acres did your lease cover!

Thanks
Comment by CClayton on August 14, 2016 at 2:43pm

There should be one or more paragraphs in your lease contract that address "pooling" acres to include adjacent acres that are owned by others. 640 acres is a standard max size for a unit, but the number varies for different scenarios, such as gas or oil, vertical or horizontal. Our lease was a "paid-up" lease, meaning we received a lump sum for a 3 year lease with an option for the lessee to extend for 3 years with another lump sum payment, which they did. No further lease payments will be made since they have begun drilling and paying us royalties, and they retain the right to continue operations by virtue of continuing operations.

 

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