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Hardeman County, TX - Oil & Gas Discussion
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Oil & gas discussion group for those interested in Hardeman County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Members: 26
Latest Activity: May 20
Discussion Forum
Appears that Anschutz has submitted for 5 laterals off the previously drilled Holcomb vertical.
Started by Jay Smith May 12. 0 Replies 2 Likes
Not sure if I am totally correct, but any of you that may be versed in this, please comment or correct me.See the attached submission for permit.Continue
Two New Horizontal Permits Submitted-Hardeman County
Started by Jay Smith. Last reply by Pecan One May 10. 2 Replies 2 Likes
Permit Approved--Xplore Operating,LLC--Lindsey Unit-Well # 1 New Drill Verticle
Started by Clint Liles. Last reply by Clint Liles Apr 30. 1 Reply 1 Like
Xplore Operating, LLC Operator # 946023 Oil Well Total Depth--5800API(American Petroleum Industry) # 197-31683 Status # 736862??? NE…Continue
Permit Issued to Echo Production, Inc.---C. G. Conley-Well # 4H-----04/27/2012--New Drill
Started by Clint Liles Apr 27. 0 Replies 2 Likes
API #197-31686 Echo Production, Inc. Operator # 240125 Status # 738610C. G. Conley-Well # 4H Horizontal Total Depth 8200 Mississippi(Conley)Field7.0 Miles SE of…Continue
Comment Wall
Comment
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Comment by James Beebe on May 20, 2012 at 6:01pm
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My mom says the is a new smaller derick set up near the well that was drilled on the Rider lease north of Tolbert.
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Comment by Kaye on May 6, 2012 at 1:33pm -
Charles,
Thank you, your right! I didn't know if this was something common used or not, but knew if I asked, I could get some good feedback! Thanks again!
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Comment by Kaye on May 6, 2012 at 3:44am
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Buddy,
Thanks for the explaination!
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Comment by Buddy Cotten on May 5, 2012 at 12:19pm
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I am well familiar with an "enhanced marketing" clause. This is where you would be sharing the costs of a processing facility to strip NGL out of the gas stream. NGL sells for about 1/2 the price of oil. Since gas is in a disproportionate cost reduced relationship to oil, your revenue is enhanced greatly by running the gas through a processing plant.
There are lots of problems. Suppose they make a central processing facility. How do you know they are allocating costs properly amongst your share of gas? Another thing. You are paying your share of costs, but you do not get the tax benefits of construction of and operating of the facility.
It is better to define market value as the value received at the point of first sale, free and clear of all costs to the point of connection.
Best
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Comment by charles s mallory on May 5, 2012 at 11:28am -
Kaye:
I have never heard of an "enhanced marketing clause" nor I have never seen a lease that contains one. According to your definition, sounds like a bad idea to me as the marketing phase should be conducted solely by the lessor prior to signing a lease.
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Comment by Kaye on May 5, 2012 at 10:28am
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Wilson,
It's where the lessor shares in the actual costs that enchances the value of the marketable oil or gas to receive a better price!
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Comment by Wilson Inc on May 4, 2012 at 4:01pm -
What is the "enhanced marketing clause"?
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Comment by Kaye on May 4, 2012 at 3:30am
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Has anyone added the "enchanced marketing clause" to their lease? Is it good or is it better to not add it?
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Comment by Clint Liles on May 1, 2012 at 10:22pm
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Kaye,
I just emailed you that wheelbarrow you were asking for. If it takes more than 1 I'll send you more I thought you might want to take your minerals over to Chesapeake in Ok City. TEEHEE
Clint Liles
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Comment by Kaye on May 1, 2012 at 1:57am
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I think I'll be moving my minerals over to these wells in Texas!! Does anybody know how I can do this??
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