That’s one man’s opinion. Yahoo is not exactly a powerhouse in the world of financial reporting.
Yes Richard, any royalties they owe you that go past the 6 mo. You probably have some $$ coming.
Hutch, I tried to send you a personal, Question, Don’t know if it went thru as I am not familiar with the process
Richard, I didn’t get it. I just sent you a message.
Just received an offer of 120,000 (purchase) from Regg Resources for the 16nma I hold in Section 8 1N5W Stephens. I said “No thank you.” for thwo reasons: they probably know more than I do about the outcome of Oceana, I want to pass on minerals to my children. It is a gamble,but I think I made the correct choice…any feedback?
Diane, I think you did the right thing. We will soon have 10 wells in 17-2N/4W. I have been offered $20,000/ac. Not selling.
Here’s a weird deal I’ve never heard of before: An offer to keep the current revenue, but sell my minerals in Sec. 20, 2N-4W for $4,000 an acre. Not considering it of course, but just wondering if this is something new.
Kathlyn, I got the same offer. I wrote across it “you must be kidding!” and sent it back to them in the postage paid envelope.
Diane,
Right choice! Hang onto those minerals right there. You are in a good area.
Michael and Martha, Thanks for the encouragement!
Are MCF & NGL products subject to the12% interest rule like oil?
P.S. to comment: I 'll bet the key word is “current” revenue. That is, the company that wants to buy the royalty would get whatever future revenue comes in from the new wells.
That’s what I got when I tried to read it too, Linda.
Received better offer today from Echo Energy for leasing in 6 1N 5W, Has any body had any dealings with them? I need to lease before pooling order on Nov 17th. Continentals offers were at the bottom price and they are the one’s with the pooling hearing.
On the OCC well browse, 17-2N-4W, the Poteet 5-17-20XH shows a status of PA. Does this mean plugged/abandoned??
Yes, it is disturbing, although after reading about the Cruce Anticline that M Barnes posted yesterday, it seems the geography is quite complicated.
I opened that link on an iPad - the one from Chris Hawks- and got a copy of an outlook page. Thought it was weird. There was an email address on that page but now I’m afraid to open it again to see what that email address was. Hope we weren’t hacked.
Virgina, the time limit doesn’t start until the order is signed by the Commission. What is the location? By reply did you choose an option and sign a lease?
Virginia, I agree with soonerpe. There is also a good chance the hearing will be continued, sometimes these things drag out for months.
I think so Royce, that is disturbing.