RicoRico, Thanks for the feedback. We could have come to terms. Before they offered a Lease, I looked online re: what to include in a lease. I emailed that list to them. Perhaps too soon. Many email exchanges followed still going forward. Then they said they could not meet my demands. I really had no demands but "considerations". I inherited these mineral rights and had no idea regarding Leasing. So - I did not decline or refuse a Lease, just left as I would be willing to negotiate. I am still willing to accept a Lease, but have not heard back from the Oil Company. My last exchange said "offer me a lease". So far they have not. So, I think once they drill and IF they find oil, I was not offered a Lease to refuse and was willing to take a look of an offer to lease. Do I need to be more clear that they should propose a Lease?
>>> <[EMAIL PROTECTED]> 10/7/2008 10:28 PM >>> Is it not true if your demands are out of there limits they can move on and if they end up with a well and your mineral acres are within the spacing you will be in a situation they call force pooling. There are usually mineral owners they are never able to contact, a well is drilled, starts producing and these mineral owners they could not find, and owners they could not come to terms with go into force pooling. They then put royalty checks in a trust account for the individual owners they could not find along with ones that did not or could not participate and then it gets rough from there. Costly to I understand. How did I do? RioRico New MapQuest Local shows what's happening at your destination. Dining, Movies, Events, News & more. Try it out ( http://local.mapquest.com/?ncid=emlcntnew00000001 )! ********************************************************** Electronic Mail is not secure, may not be read every day, and should not be used for urgent or sensitive issues --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
