Posted by Greg1959 on June 10, 2015 at 17:58:34 from (69.176.46.42):
In Reply to: Fracking posted by John in La on June 10, 2015 at 16:31:35:
John in La- I just leased my farm oil and gas right two weeks ago.
I do not know how big a lot is in your parish but in a town around my area a lot is about 100 feet x 200 feet(that is big). Are you talking about this size? If so any royalties will be negligible.
Roger in Iowa- I don't know how they drill in Iowa but, my driller told me he can drill down a couple thousand feet and then turn his drill horizontal and go another 5000(thousand) feet. He must allow a buffer of 320 feet on each side of his horizontal shaft. So, that will be much larger than 20 acres(I did not do the exact math and I could be wrong but I came up with roughly 72 acres for the horizontal line). Unless, you are talking about the Pod/derrick area only?
RodInNS- Here, if the driller goes underneath your property from those 'radiating' lines the driller must pay a % of royalty to you. It does not matter where he drills from or how deep he goes.
Driller knows exactly where his drill is.
If JohninLa has small lots and they are drilling underneath his lots...he will get a small percentage oge of the royalty.
Please understand, this is only pertaining to the laws in my state. That is where I based my blanket statements from.
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