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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: 271
Latest Activity: on Monday

Discussion Forum

Need to know about Re-leasing!

Started by Taylor Bolejack. Last reply by Derek O'Donnell on Monday. 13 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

Horizontal Drilling Across Unit Boundaries

Started by R. Schmidt. Last reply by David Janak May 20. 8 Replies

I have fractional mineral interests in Section 7 5N 61W.  The rights are leased to Bonanza Creek.  All of Section 7 was pooled last year, and that seems to be working out OK.  Yesterday, the COGCC…Continue

Keywords: drilling, horizontal, pooling

Division Order and Expired Lease

Started by Rob. Last reply by Gary L. Hutchinson May 18. 2 Replies

We recently received a "Division Order" for our lease on Township 7 North Range 62.  I have no idea what a "Division Order" is.  Can someone help out?Also, the lease we had expired last month and we…Continue

Bubble in Offer Prices?

Started by Gal from TX. Last reply by T L Shields May 16. 24 Replies

I read on another thread on this site that there was a feeling that offers to purchase minerals were reaching a bubble status- prices artificially driven up by hedge funds from outside CO buying up…Continue

Keywords: buy, hedge, sell, offers, weld

Comment Wall

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Comment by Jason Haack on May 12, 2015 at 10:48pm

I can tell you 90% of the landman are unemployed currently much like the roughecks on Drilling Rigs. Going rates vary but today leases if you can get any interest are going for 50% of 3 years ago. private message me if you want the names of two real good sole practioners oil lawyers with fair rates.

Comment by Lynn Howell on May 12, 2015 at 8:27pm

We need to hire someone to look over family producing wells, and paperwork we have received recently from co., to determine if we are making the right decisions. Is this a landman or oil attorney? Any recommendations, pls email us.

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.

 

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