Madison County, TX - Oil & Gas Discussion

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Comment by Jack Ross on April 3, 2012 at 7:54pm

I have heard that the major oil finds in Madison, Grimes and Brazos Counties will come in at around 10000 to 12000 ft.  Has anyone else heard this? 

The reason I have been told is because this where the Eagle Ford, Woodbine and Austin Chalk all come together with the Eagle Ford dropping off, the Austin Chalk picking up and the Woodbine remaining the same. 

Comment by Kevin B. Koonce on January 5, 2012 at 12:06pm

http://www.reuters.com/article/2011/12/28/us-energy-giant-idUSTRE7B...

Comment by Jack Ross on June 12, 2011 at 5:11am

Question for all on the Madison County Forum:

Does anyone know of a lessee who had success in having a previous lease agreement set aside and re-negotiated because the lessor (the E&P company did not begin production as they stated they would, although in the first lease agreement put forth no time limit was set, and 2) the E&P company knowingly lied to the lessee about the existence of oil under the "pooled area", and 3) whether the lessor was able to negate the "pooling arrangement and negotiate a "pugh agreement" in lieu of a pooling agreement that starts at the Oklahoma state line and goes all the way to the Rio Grande, including property not owned by the lessee.  

Enquiring minds are dying to know.

 

Comment by Planovictoria on June 11, 2011 at 11:05am

Ok, Jack, you are funny...and, smart it seems.  Yes, I live in Plano, but grew up down in Houston so I believe I know that TMC you are speaking of.  I call on doctors for a living and believe me, some are brilliant, but some definitely were at the bottom of their class!  The really good ones don't have anything to prove and usually treat us lowly reps like real people.  There are those, though, that need me to understand that they are THE doctor...duhhhh, I wouldn't even be speaking to them if they weren't!  You gave a lot of good advice, personal and professional.  I am interested in finding out more and if I could do something about the bimbo next door, I would just to help you out!  Maybe an NRA sticker on your front door would give the liberals a pause...just thinkin'! 

 

What Martin and I have done to take it off line is to befriend each other on this site, then we can exchange info via our inbox.  I will send you a friend invitation...you  accept it if you choose...then we can e-mail through the inbox.  I've actually talked to Martin, he is a great guy...very smart.  He has studied this oil/gas stuff at length and was really helpful.  I just think it is fun to talk to someone about this...my friends have not the first clue!  And, I don't drink so it isn't because we are all drunk...I think being from farm stock is not as common as I thought it was!  I've got a friend down the street from the "North" and she's never even seen an oil well!  So funny what we take as "normal".  My land is in North Zulch but I have mineral rights in different parts of Madison County.  All of my people are from there...both sides.  I am going to have to re-read what you wrote.  It sounds like there was a very big upset and that some of these leases may have the possibility of being void?  I've read my leases...there is still one I have to get my hands on...but, I don't know how to tell whether they have done what they were supposed to do...like drill within 3 years for example.  The original leases are pretty vague, too. 

 

I'm sorry about the liver transplant "thing"...that is big.  We can talk more about it offline if you want.  I guess you do feel pressure to get this unraveled and taken care of before you get the call.

 

I'm going to send you an invitation and talk more later...after I re-read what you wrote...got to go now!

 

Vicki

Comment by Jack Ross on June 11, 2011 at 5:28am

BTW Vicki...if you can get Martin and your numbers on a bulletin board through this system, I can let you know how things went after I meet with the lawyer, and also give you Vicki a checklist of documents you really need to have in your possession.

Comment by Jack Ross on June 11, 2011 at 5:18am

Vicki,

One of my specialties was Open Source Intelligence, so if there is a record of it somewhere, I will find it...see below for more info.  I guess you live in Plano, and are a Plano girl. (pun).  Anyway, I am willing to bet that you could probably find a retired landman at your church, or any other social organization you belong.  I would not seek advice from people at a bar (I used to chew out junior officers for going to the O club and getting 40 cent mixed drinks by the tray full and then start running off at the mouth....  Same is true in the civilian world.  You want to keep your associations on a sober, professional talking level, when you first approach them, and do not be shy in saying that you just don't understand.   It should be pretty apparent, even to a neophyte whether a person knows what they are talking about after 20-30 minutes or if they are just trying to impress you.   I was mentored by a both a full 4 star and a LtG when I first started out, and they taught me how to write (know my audience...keep it on their level or yours if you are seeking their help, never speak unless it is to ask a question and not until the other person has finished talking, and remember and this is probably inconsequential to this forum, but he said "Jack, if someone wants your opinion...they will ask for it" and it must have worked because  I ended up teaching at some of those funny 3 letter places.

Being on the liver transplant list, and having bought a condo next door to the TMC that has nothing but doctors that live around me, listening to these self important dingbats during a homeowner's meeting would not make me want to take a dog to be healed by one of them.  Most opinionated bunch of people in the world, which brings me to my last point...if you run into someone who is full of opinions but is not really asking a lot about your situation, you need to question yourself and ask just who is it this person is trying to impress, whereas a good landman is going to let you do the talking, even if you can't fill in all the details...he will know the right questions to ask.

 

Now if someone will get this woman who works as a makeup artist and owns one of the condos next to me and rents it out, and ended up losing a  bundle in the 2008 economic downturn to leave me alone, since I can't stand Hollywood liberals and their skewed view of our defense and national security communities, I would be obliged. 

I will be making an appointment with the oil and gas lawyer next week since I am on a thin line between Texas and Washington, and need to get this all sorted out.  BTW, I did find out when doing my research that the operator sold out their interest to another company in 1992, then turned around and filed an indemnity suit against them, which was dismissed, and the company that bought them ended up having all of its assets taken over by another company in 2006, so I am wondering just how valid the leases are since the operators were not registered with the Texas Sec'y of State as doing business during the period that the leases were signed, and also another of the leases has a clause that says that if drilling did not start within a year then the deal was over and done with...except, there is a lot of whereas and wherefores, and what not in the language that is going to take the lawyer to untie.  And also the ramifications of the lessor not starting to drill within a year of the contract, which if I read it correctly (the contract) puts everything back to the way it was.  But this is a lawyer question.  There is a lot of oil down there.  I have seen the TXRRC well reports for the rig 1000' feet from my property line, plus my own 3 wells.  I think where we all started getting hosed over was Texas "Natural Resources Code, Chapter 102, Pooling, Subchapter A. Provisions."  The state it seems wants everyone to pool all of their oil together and get pennies on the dollar for it plus pay a boat load in taxes.  I would just as soon take my chances in Afghanistan.

I also have to figure out when, if I can get this thing unscrewed, to ask for an increase in the royalty like Martin pointed out and what the best time to do it would be, and how not to get screwed over by the pooling law I just cited above.

 

 

 

Comment by Planovictoria on June 10, 2011 at 10:52pm

Wow, Jack...I'll be studying that PDF for weeks!  It sounds like you've got a lot of help;  I am glad.  It makes me sick they were taking advantage of your maom while you were serving the country keeping them safe at night so they could take advantage of little old ladies!  I wouldn't want to be them on judgement day!  I don't really understand your number 2...things that aren't equitable under normal circumstances.  Do you have any examples of those kinds on inconsistancies?  And, where do you get a land man to look over these documents for you?  Aren't they all working for the oil companies?  If all of these questions sound dumb or naive it is because I am when it comes to this!  So, bear with me while I am getting educated!  Thanks...hope everything else is going well.  Have a fun weekend!  Vicki

Comment by Jack Ross on June 9, 2011 at 2:16pm

Planovictoria:

1) My wife of 25 years has been the Department of Defense (not to say we did not have coed BOQs). 

2)  Of course the oil companies are snakes...they will use the most obfuscating language in an agreement to screw you around without you ever knowing they have even been in the room.  Pack of b****ds.  Makes me wish I still had my contacts at CENTCOM.

Comment by Jack Ross on June 9, 2011 at 2:11pm

Martin.

The ranch is 324 ac. total.  The pooling they want to do with the well that sits on a 25 acre tract is right next door.

Comment by Jack Ross on June 9, 2011 at 2:10pm

Martin,

I heard back from the retired oil exec and landman last night and they said they saw some things in the lease(s) that stank.  However, stink as they might, no court in the state of Texas is going to terminate a lease agreement.  The best that can be done is to go to the oil and gas lawyer, who they recommended, and have him point out the bad parts of the lease and then get an amended lease that has more favorable terms for me as lessee.

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