Bonnie–I take it you are with Shale and they gave you a 90 business days for payment. Was that time-line stated in your lease. I find no such timeline in my lease . I was just told that by one of the office ladies. that it may be 90 business days. Wow alot of very good info by all of the comments written.
John Backus what date did you sign up with Shale. My 90 business days are not up until end of Nov.
May 28 ( my records )
June 1 ( when they say the clock started ticking )
John, It’s likely they will wait until the last day in order to postpone when their cash has to go out. None the less, I too would suggest you to call them. Ask which day it will be sent. Then you’ll know what to expect since your date (5-28) and theirs (6-1) differs slightly.
Please keep everyone posted if it is received, or if it isn’t. I’m sure several on here will be interested to know how (or when) it works out with Shale Exploration’s lease payments (or lack thereof).
There is a map showing where Shale Exp. has been leasing in Daniels County. Apache Corp has the map on their latest corporate presentation. If interested go to the following;
First click the “Investors” tab near the top of the page.
Next click “Presentations & Webcasts”.
Finally click the 9-5-2012 Barclay’s Conference presentation.
The map is on page 21.
Thank-you Eastern MT for the info—every interesting.
UPDATE:
Deadline is looming, no money yet. Shale Exploration has 11 days to pay me.
You need to call Shale and ask why you haven’t gotten paid.
I called last week. All they had to say was "your scheduled to have it by
Oct. 5" Landman for my acreage does’nt answer his phone and won’t
reply to my
emails.
It’s odd their landman would completely ignore you. Though since you have a specific date I wouldn’t worry. At this point you can’t do anything about it. So put it out of mind until October 5th. Hopefully they’ll do what is right.
John Backus–we have 3 townships and have different leases on the 3 and Shale completed one of the townships before I even signed my lease so a few weeks ago I was told because that part was completed I could request payment so I told our landman to go ahead with it and know they have put a stop on request of payment and we have to wait for 90 business days and I just received my payment on that part I was really surprized as my other family members got the request in to late --So I think it sounds promising Was also told if they except the leases they will pay. Please keep us informed
I also want to thand Eastern Mt for the info it looks like the Whitetail area is covered by Apache Drilling this is exciting because we did not go through Shale when we got our land leased but it looks like they got it anyway. Thanks for the great info on this forum.
“Shale Bakken Investment Corp” (Apache Corp) requested “temporary spacing” for drilling both Bakken/Three Forks formation and the Ratcliffe formation on the following sections. It doesn’t mean they’ll drill them. Yet it’s interesting they’re potentially targeting the Ratcliffe formation also. Here are their locations:
T34N R46E, Sections 4 and 5.
T35N R46E, Sections 8 and 9.
Ed, There’s an anticline there which prompted some drilling in the old days. Don’t know what formation that targeted. The Bakken, Three Forks, and Ratcliffe formations are under your area too. However, the mere presence of the formation does not mean it can produce. So we’ll have to wait for if/when new drilling moves your way to find out what formation they will target. Good Luck.
I have a question for Eastern Mt what formation is Whitetail in that would be T37 R49E and T37 R50E, if you have any information I would appreciate it.
John Backus—was wondering if you have heard from Shale or if you have received your Bonus Check yet. Wasn’t your 90 Business days up 4th or 5th of Oct. Hope all has turned out well for you.
Has anyone recieved the money that the Bank Draft was for?
Update:
Talked to the Scobey office this morning. I was told that my bank needs to call their bank today. They will then cut a check and mail it to me in 7 to 10 business days. Good grief!!! Last time I called they told me I would be paid today. Don’t know who to believe anymore. I’m glad to hear they are working so hard to make sure everyone is being paid on time. I guess my new date is 10/19/12.
Patti:
Today is day 90. No money received yet. I did receive an answer to my email finally. Only to be told how hard they are all working to make sure everyone is getting paid. (hehe) Kind of ironic isn’t it? If the check arrives today I’ll post later.
My Check is due between the 10th and 20th. I was the last of the siblings to send my contract back, the rest of the sibling have received their checks.