Question: Forest Oil Corp. has numerous oil well permits in Gonzales, Cty./Tx. as of Sept. 2013. Does Forest drill ALL sites where permits are approved>
Thanks for any info. or replies. Jim H.
No. Very common to pull permits and then plans change, for all companies
Thank you Wade. Forest has permit(7/05/13) 14,000ft. horizontal & 2700ft. lateral in Eagle Ford on land I sold and retained a 1/8 NPR on near Smiley, Tx. Hope they drill
Wade Caldwell said:
No. Very common to pull permits and then plans change, for all companies
Correction 14,000ft. vertical/
Wade, Please help me regarding NPRI question as follows: According to Forest Oil Co. attorneys I have a fifteen percent "golden" ,as attorney called it, Royalty interest in a Pooled 525ac. lease presently being drilled. My acreage being contributed to the 525ac. is 104ac. I signed Pooling consent and was told by Forest Co. attorney that I would receive revenue for every fifteen barrels out of one hundred produced. Do you agree and if not what is your opinion of share expected. Also what is average time, after division orders are executed, for checks to be mailed. Thanks for any help. Jim H.
Wade Caldwell said:
No. Very common to pull permits and then plans change, for all companies