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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: 266
Latest Activity: 17 hours ago

Discussion Forum

Need to know about Re-leasing!

Started by Taylor Bolejack. Last reply by John B Gustavson 17 hours ago. 5 Replies

We own 116 acres of mineral rights in weld co. Our current lease will be up at the end of may. Ive heard many different numbers over the current 5 year lease and would appreciate knowing more about…Continue

Weld County 2014 Leasing Rates

Started by Jerry. Last reply by Taylor Bolejack yesterday. 7 Replies

Hello,My family has a lease expiring coming up in Nov-2014 on a section in 9N 59W, and we were contacted by the leasing company to see what we might be asking for on a new lease.  I'm very aware that…Continue

Keywords: rates, lease

Lease Rates for Weld County

Started by Jonjon yesterday. 0 Replies

I own interest in sections of land in Weld County, where a producer has already drilled four wells which are producing oil. I havent signed a lease yet, due to heirship issues which are being…Continue

Royalty Software

Started by Annette Beck. Last reply by Annette Beck on Tuesday. 2 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

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Comment by stephen p dontanville on April 7, 2015 at 9:38am

Thanks Derek and Jay, I first need to find out if we have to allow them to extend the contract and if yes, do we also have to accept their offer without any negotiating. We don't own a huge amount of acre's, only about 8 in Weld County. But being in California it's feels strange not knowing if this company is actually drilling or producing anything.

Steve

Comment by Derek O'Donnell on April 7, 2015 at 9:13am

I have been tracking lease prices and royalty rates in Weld County for over a  year now, and I can help you both better understand what you are dealing with. I have 4 years experience working as a landman negotiating leases for producers. Email me if you want to get a better understanding of what you are dealing with. Derekod57@gmail.com

Derek

Comment by Jay Lake on April 7, 2015 at 8:11am
Steve, where are your mineral rights located? Lots of variabled to consider but that sounds like a good starting place. I have some rights that just expired so I'm starting the negotiations again for my family. Received $1000/acre on 4 year term with 20% royalty but that contract just matured. Not sure what the market is going to offer now??? Call me if you want to talk in private.
Comment by stephen p dontanville on April 6, 2015 at 5:19pm

Helping my mother with her mineral rights. Looking for info regarding a company called DJ Resources who are looking to extend an expiring contract. They are offering $380 to lease the property for 2 years not sure if that is the standard rate or if anything has been done on the property. Do we have to let them renew the lease? I'm in California so this is all new to me.

Steve

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,

 

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