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Weld County, CO - Oil & Gas Discussion

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Weld County, CO - Oil & Gas Discussion

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

Members: 258
Latest Activity: Feb 12

Discussion Forum

How are low oil prices going to affect your business? The 4CED “Thriving in the New Normal” lecture Series

Started by John Hawk Feb 12. 0 Replies

Everyone in San Juan County knows that when the energy industry takes a hit, we all take a hit. Join us for a half-day interactive session where we will discuss how to keep your business healthy now…Continue

Keywords: Politics, News, NewMexicoCenterforEnergyPolicy, DanielFine, Oilprice

Royalty Software

Started by Annette Beck Feb 11. 0 Replies

Does anyone know about a good software program to track royalty payments? Would it be less costly to track it on a spreadsheet? Whiting Oil refers us to JIBlink to get our check detail and they have…Continue

Producers still leasing in Weld with oilprice down???

Started by Jo Omariak. Last reply by Bridget Burton Feb 3. 2 Replies

Are oil companies still taking leases, now that oil prices have fallen so much?Continue

Party at the pump by By Kevin Robinson-Avila / Journal Staff Writer

Started by John Hawk. Last reply by Ed Skeeters Jan 22. 1 Reply

Party at the pump by By Kevin Robinson-Avila / Journal Staff WriterCopyright © 2015 Albuquerque JournalFor the complete article use this link--> <a…Continue

Keywords: Politics, News, NewMexicoCenterforEnergyPolicy, DanielFine, Oilprice

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Comment by r w kennedy on October 1, 2014 at 5:42pm

Mike Oberwise, permits are generally cheap to get. It probably cost the state more to process the permit than the fee covers.

Comment by Linda Scott on October 1, 2014 at 3:36pm

Derek, seriously $1 per acre per year in compensation for $thousands in lost royalties. Why do they even bother?

Comment by Derek O'Donnell on October 1, 2014 at 11:55am
Linda,

It depends on what the lease says. They are usually paid $1 per acre shut-in per year. But each contract is different.

Derek
Comment by Linda Scott on October 1, 2014 at 11:40am

Can anyone explain to me how shut in payments are calculated? We had the majority of our wells shut in for most of this year, yet we are recieving pathetic payments as low as $11 on one well.

Comment by Derek O'Donnell on September 29, 2014 at 10:27am

Mike,

Email me at derekod57@gmail.com if youd like so we can talk more about this, I check my email far more often than this website. In short, sometimes companies will apply for permits months before they begin to lease because the permitting process can take so long. What Sec/Twn/Rng are you in?

Comment by Mike Oberwise on September 28, 2014 at 10:41am

I am hoping someone can explain why several oil companies in my area have recently been applying for permits to drill when they do not have the lands leased where these wells are to be drilled. There are also several cases where more than one oil company has applied for a permit and spacing order in the same sections. Some have also not notified the owners as required by WY statute. This activity seemed to accelerate at the end of August of this year. Anyone have an explanation for this behavior? I live about 4 miles north of the Weld County, Colorado border, in Laramie County, 12/63. Thanks,

Comment by michelle Smith on September 28, 2014 at 7:34am

Jan, I live and work in Colorado and am the President of the National Association of Royalty Owners. I am happy to help answer your questions. I am also a landman and have been for 35 years. michelle@quiatcompanies.com

Comment by Jenna H. Keller on September 27, 2014 at 10:40am

As Gary mentioned - often times when the companies cannot reach an agreement, then one company will utilize COGCC process to proceed with drilling a well and it could be Synergy's lease interest being pooled.  It is important for you to go through and figure out what is going on with your lease and interest, especially before you send in any money to anyone.  Many companies send out blanket letters these days in Weld County, and there is a distinct possibility that the request for the money is not directed to you and additionally is not appropriate for you to send in. 

The information is for general information purposes only. This should not be substituted for legal advice and should not be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or reading does not constitute, an attorney-client relationship. You are encouraged to contact an attorney for legal advice concerning the information provided.

Comment by Jason Haack on September 27, 2014 at 12:38am
Jan R I sent you a message.
Comment by Jan R on September 26, 2014 at 6:18pm

Gary, Jason, and Jenna; I found out some more information. The actual well will not be on our lease, it will be just west of our lease and will be drilled horizontally into our area. Does this make a difference in the reason for the $6000 payment? Since Synergy has the lease, wouldn't they take care of it all? I tried to read the Interests of Parties in Costs and Production. The legalize is beyond me!! However, my brother is looking for an attorney to help sort this all out. Anyone know a good attorney in the Greeley/Ft Collins area?

 

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