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SVTPerformance's Chain of Restaurants
Road Side Pub
Oil Guys
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<blockquote data-quote="low03tb" data-source="post: 14529581" data-attributes="member: 57294"><p>You guys are kind of talking about different things. A company can come put the surface location on his property and either directionally drill off his property OR horizontally drill off his property. Obviously this depends upon the extent of his property. This also depends on good surveys and the company actually being truthful with where they landed (happens more than you think it would). Or they could be wanting to just do vertical wells and likely stay on his property, unless OP has a pretty small amount of acreage. This is just the surface loction </p><p></p><p>FRAC'ING (please...) is not going to get up near a mile. The drainage area might be spaced on 640's (so 640 acre spacing; a square mile), but most people aren't going to put a frac on a formation that would extend for a mile in each direction. Hell, not even a half mile radius (so a full mile diameter). You're looking at MASSIVE costs, the obvious potential of getting out of zone and/or frac'ing into a fault/large fracture and/or frac'ing into a barrier that isn't going to take the frac (aka...wasting money as you're trying to fracture rock that isn't going to fracture and likely isn't reservoir quality). </p><p></p><p>Many people get the wrong idea about oil companies and their employee's. It's actually quite remarkable how many land owners take advantage of companies regarding surface damages, this and that, etc. I can't tell you how many little things we've paid for to keep in good faith (since we'd be in the area for a long time or at least plan to) that either weren't our fault or had nothing to do with our business practices.</p><p></p><p>OP needs to figure out what this company wants, what their plans are, where they plan to drill FROM and TO, what formation(s) are being targeted, etc. They might not even want to put a location on your land. I don't know. Unless you have a massive amount of acreage and if you find out they do want to do business on your land, you need to talk with your neighboring land owners. If you tell them no way, nothing stops them from drilling right of the edge of someone else's land that says yes to them (they can butt up next to your property line) and just drill right underneath you if they need to. OR they can gain a majority and just force pool you. Either way, it's good to know what you're doing in terms of what you have in value, what your neighbors are getting or have been offered, competition in the area, etc.</p></blockquote><p></p>
[QUOTE="low03tb, post: 14529581, member: 57294"] You guys are kind of talking about different things. A company can come put the surface location on his property and either directionally drill off his property OR horizontally drill off his property. Obviously this depends upon the extent of his property. This also depends on good surveys and the company actually being truthful with where they landed (happens more than you think it would). Or they could be wanting to just do vertical wells and likely stay on his property, unless OP has a pretty small amount of acreage. This is just the surface loction FRAC'ING (please...) is not going to get up near a mile. The drainage area might be spaced on 640's (so 640 acre spacing; a square mile), but most people aren't going to put a frac on a formation that would extend for a mile in each direction. Hell, not even a half mile radius (so a full mile diameter). You're looking at MASSIVE costs, the obvious potential of getting out of zone and/or frac'ing into a fault/large fracture and/or frac'ing into a barrier that isn't going to take the frac (aka...wasting money as you're trying to fracture rock that isn't going to fracture and likely isn't reservoir quality). Many people get the wrong idea about oil companies and their employee's. It's actually quite remarkable how many land owners take advantage of companies regarding surface damages, this and that, etc. I can't tell you how many little things we've paid for to keep in good faith (since we'd be in the area for a long time or at least plan to) that either weren't our fault or had nothing to do with our business practices. OP needs to figure out what this company wants, what their plans are, where they plan to drill FROM and TO, what formation(s) are being targeted, etc. They might not even want to put a location on your land. I don't know. Unless you have a massive amount of acreage and if you find out they do want to do business on your land, you need to talk with your neighboring land owners. If you tell them no way, nothing stops them from drilling right of the edge of someone else's land that says yes to them (they can butt up next to your property line) and just drill right underneath you if they need to. OR they can gain a majority and just force pool you. Either way, it's good to know what you're doing in terms of what you have in value, what your neighbors are getting or have been offered, competition in the area, etc. [/QUOTE]
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