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Young County, TX Oil & Gas Discussion

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Young County, TX Oil & Gas Discussion

Young County, TX oil & gas discussion group. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 17
Latest Activity: on Sunday

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Young County, TX Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles on Sunday. 124 Replies

Post, discuss and share information related to Young County Oil & Gas permits in the replies below.P.S. Thank you to Clint Liles for championing the effort to keep us all up to date. Continue

Completion Report--06/19/2012

Started by Clint Liles. Last reply by Karen Jul 5. 1 Reply

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mineral lease

Started by Taylor. Last reply by Taylor Jan 7. 15 Replies

Received a lease the other day for $150 per acre about 10 miles outside of Graham, TX.  I took that as a slap in the face as far as what things are leasing for these days, you folks agree?  Thanks…Continue

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Comment by G. Halsell on June 16, 2014 at 12:15pm

Several years ago, I signed drilling leases in A-534, 535, 536, 539, 540, 898, & 1914. Can anyone tell me if there has been any recent action in any of these abstracts? The RRC map doesn't indicate any new wells or permits, but I'm hoping someone on this forum has more information than what the map shows. Thanks for your help.

Comment by N Rouse on March 3, 2013 at 8:02am

Thank you both.  My original post of ignorance, plus your enlightenment concerning production vs distribution is spot-on.  The operator is stellar.  Once I broadened my search to include not just the tax year 2012, which prompted the query in the first place, but also 2011 and 2013 (with a royalty check that had not been posted), the production and distribution amount variance narrowed to acceptable amounts as Gary had explained.  Next and last question for a while...what prompts an operator to service a well?  It's hard to understand when royalty checks are sporadic.  One year it might be once every three months that a check is received for a well and the next year it might be once every six months, then the next, once a month and you think you've died and gone to heaven until you pay your taxes. :)

Comment by Clint Liles on March 2, 2013 at 6:48pm

Ms. Rouse,

I don't look at your question as being ignorance.   You are concerned as you should be about the honesty of the producer/oil company.   It's your monies and you should be concerned.   Thank you Gary for your professional answer to Ms. Rouse.

Ms. Rouse, in the future you may need the services of Mr Hutchinson to get the operators/oil company attention to pay you the amount you are entitled to.

Clint Liles

Comment by N Rouse on March 2, 2013 at 6:17pm

Thank you for responding and providing guidance.  The total I stated was the yearly total with the few reported monthly totals always being the same variance between production and distribution amounts...about 25% difference.  There are no non-tax deductions on pay stubs for the last 5 years, so I will probably follow your advice to question the operator...if he will respond.

Comment by Gary L. Hutchinson on March 2, 2013 at 4:05pm

Ms. Rouse, 

You are on the right track to compare reported production vs. paid production.  However there are many explanations why the totals are not comparable month to month or even quarter to quarter.  After a year, they should be within a reasonable range of each other.  In that time you will most likely see many monthly corrections on your check stubs.  

Check your pay stubs for non-tax deductions.  That is usually work keeping an eye on as a percent of total royalty and if it gets too high a letter to the operator may bring results.  

Gary L Hutchinson

Minerals Management

Comment by N Rouse on March 2, 2013 at 7:14am

Because of my ignorance about minerals, and now I am revealing my ignorance publicly on this forum, I have questions.  I started with an unanswered call to the operator of a well, then promises of calls from the distributor, but no answer.  I should probably call the TX RR commission, but will attempt to get a question answered here before showing my ignorance there.  On the TX website for production data, http://webapps.rrc.state.tx.us/PDQ/home.do, I have tried to educate myself on the available information there and have recently seen a huge discrepancy in the amount of oil produced at a well vs. the amount of oil recorded as distributed.  It is from this distributed amount that I receive royalties.  What I am asking and not getting responses for is, how can the total amount of oil that is produced vs distributed vary by 25%?  I would expect that there is some loss due to variance in temperature when the oil is removed, but not a 25% loss.  What other factors can reduce the production amount?  For instance/example, the well in question produced 448 BBL and 1129 Casinghead (MCF) gas and the royalty payment for the distributed amount was for 332 BBL.  Why the difference in BBL and what happened to the Casinghead?  I need enlightening.

 

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