America’s conversation place for mineral & royalty owners
Oil & gas discussion group for those interested in Harrison County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Members: 6
Latest Activity: Apr 10
Started by mary johnson. Last reply by D H Y Feb 6. 1 Reply 1 Like
approached with lease for 5 yr at $500 and 1/5 royalty. we (5 of us) have 1/4 mineral rights from grandfather purchase in 1936.From what we understand this is to low for a 5 yr plus should be 1/4…Continue
Started by Yusef Lasana. Last reply by Claude Whitaker Dec 21, 2011. 1 Reply 1 Like
Does anyone have any experience with this: My grandfather signed a lease in the late 1940's. Prior to his death in 1969, there were two or three wells on the property that was bringing in enough…Continue
Keywords: rights, Shale, Lease, Granddad's
Comment
Comment by Claude Whitaker on April 10, 2012 at 4:41pm One other thing. Oil and Gas companies have a history of drilling then capping the wells. They will only open them up when it's to their advantage. They know the market and shape the market by opening and closing valves to the oil and gas supply.
Comment by Claude Whitaker on April 10, 2012 at 4:36pm To my understanding, the gas is very plentiful. It is possibly a part of the huge shale reservoir which stretches from Ft Worth Texas into Louisiana (Haynesvlille Shale) I understand another shale has been discovered just above Haynesvlille Shale.
We have interest in both Haynesvlille Shale and the Harrison County gas fields.
The oil has never been fully pursued in Harrison County. There has been a long running attempt to get the small mineral owners to sell out before big production starts.
Keep your mineral interest. Pass it on the your children and teach them to hold on to it. One day it will pay off big. Just got an offer in mail from a mineral company offering $30,000. for our interest in Harrison. We put it in File 13.
You will get a lot of offers also, because production and prices are down. That allow them to calculate the value of your interest much lower than it's worth. Don't fall for it.
Comment by Mary E. Henderson on April 9, 2012 at 12:00pm Thank you very much for welcoming me to the group.
Does anyone know whether or not there is a plethora of oil or natural gas coming from the Harrison County Area? My daughter and I receive royalties; however, the amount is minimal.
Comment by Claude Whitaker on August 2, 2011 at 2:16pm © 2012 Created by Kenny DuBose.
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