Kings County, CA - Oil & Gas Discussion

Comment

Comment by William Zhou on April 5, 2012 at 2:46am

Hi all, I am very happy to find this group. I was wondering if there is any independent oil producers who are interested enhanced oil recovery (EOR)? our company are very good at chemical enhanced oil recovery technology. we want to lease some oilfield or collaborate with operators to do EOR. We offer both finance and technology investment.

Email me at williamzhou.hybo@gmail.com if you are intersted.

Comment by Jean M. Pledger on March 2, 2012 at 11:29am

To Patricia:  If you have a producing well on the land, I am uncertain if you have the right to lease the land.  It sounds as if an oil company may already be producing the land.

We'll need additional information to help.

Jean M. Pledger, Esq.
EHRLICH-PLEDGER LAW, LLP

 

 

Comment by lisa gibbons on February 8, 2012 at 9:52am

To Patrice: where is Hanford and Leemore? I live in NMex. I have papers with more family names and locations, just no current contact info other than  my cousins in Stockton.

Comment by Patrice on February 7, 2012 at 8:39pm

@ Lisa Gibbons ... my DIL, who just found out she inherited land in King's County, is descended from the Gogue family. When they settled there they lived in Leemore, I believe. Her mother was born and raised there and her grandfather lived in Hanford when he died. Any connection?

Comment by lisa gibbons on January 6, 2012 at 10:14am

As much as possible.  

Comment by lisa gibbons on January 6, 2012 at 10:11am

I am just going to sit tight. I dont like the way this has gone and so I am doing nothing. When they come to my terms, I will then see about the amendments etc. For a small short term gain and increased taxes, I can wait.Im too far away to know who is drilling near by, if anyone.

Comment by R C Letlow on January 5, 2012 at 9:56pm

NOT MUCH AND WAY TO LONG ..  25%, 1YRS BEST 3YRS MAX..hOLD OUT FOR ALL YOU CAN GET...  THEY WON'T GO AWAY..  If it farm ground get more to cover surface damage..Find the Companies that are drilling around you!  If there isn't any take what you can get ( if no one has thump the ground) on the shortest lease; while the value goes up.  My grandfather ( Lemore Pioneer sold ground that made Cheveron..-He couldn't get enough water for his cows--  I manage a piece of ground that was least for not much; then, for 3 yrs at $350; then $800 for 1 yr:  $2500 with a drill clause. 

Comment by Sharon Mccomb on August 28, 2011 at 3:10pm

Yes, Lisa it would be super to see an amended contract.  I have no idea of all the thngs that should be covered.  I've emailed 2 O&G attorneys and am waiting for replies on costs to review and make suggestions, but if someone has a contract they'd be willing to share, that would be so great.  I do income taxes during the season and you're right about the tax bite.  It would all be taxable, but a larger lump sum could increase tax liability.  Just depends on other income.

Comment by lisa gibbons on August 27, 2011 at 9:49pm

As for the 80 acres with a producing well. Is it making money? You need to research that. Is the 1/6 all yours or not?

Comment by lisa gibbons on August 27, 2011 at 9:47pm

I think they can extend the lease for 20 years if they wish. I would want that to be covered in any contract, to account for inflation. I would like to see a contract with all the amendments in it so I can use them myself.I know  someone on this forum has that.Also, if you get paid all at once it could raise your income taxes. That will probably cost you. If they pay you once a year, that wont happen.

• ‹ Previous
• 1
• 2
• 3
• Next ›
• Page