So much confusion around oil....some people say demand will go down in the short term. Others say America is producing more than enough to make up for any shortages if demand spikes....still others say shale oil lifespans are getting long which without further development means a shortage down the road
Definitely consult with legal. Make sure you're not getting screwed.My mom's family farm in Texas is about an hour SE of San Antonio. About 20 years ago, this Eagle Ford shale oil turned all this area into a money producing machine. For my family's farm, a company drills under their land from like 5 miles away. We are not talking huge money here... but consistently ~$5000 a month. Which is a really big deal to farmers who are used to never having money. My uncle is so old now that he leases all the top soil anyway.
Anywho.... Marathon reached out to us yesterday. They said the currently company is completely screwing us over, they can prove it, they want to use it to break the lease.... and they would like to put 2 rigs directly on the property.
My mom's family farm in Texas is about an hour SE of San Antonio. About 20 years ago, this Eagle Ford shale oil turned all this area into a money producing machine. For my family's farm, a company drills under their land from like 5 miles away. We are not talking huge money here... but consistently ~$5000 a month. Which is a really big deal to farmers who are used to never having money. My uncle is so old now that he leases all the top soil anyway.
Anywho.... Marathon reached out to us yesterday. They said the currently company is completely screwing us over, they can prove it, they want to use it to break the lease.... and they would like to put 2 rigs directly on the property.
It will be. Please let us know.
Between your Daughter and your uncle, it is a damn good thing you have competent people managing your money.
The trade off is he has a micropenisI've never met anyone in my life as lucky as Brad and I'm a pretty lucky bast@rd myself...
I've also done quite a bit of drilling on your mom's property.My mom's family farm in Texas is about an hour SE of San Antonio. About 20 years ago, this Eagle Ford shale oil turned all this area into a money producing machine. For my family's farm, a company drills under their land from like 5 miles away. We are not talking huge money here... but consistently ~$5000 a month. Which is a really big deal to farmers who are used to never having money. My uncle is so old now that he leases all the top soil anyway.
Anywho.... Marathon reached out to us yesterday. They said the currently company is completely screwing us over, they can prove it, they want to use it to break the lease.... and they would like to put 2 rigs directly on the property.
A pretty good read but I differ in opinion slightly sine a falling dollar(lower interest rates) will increase building cost of new homes....which in turn will continue to put upward pressure on existing homes prices...
Item number...or it didn't happen!
When I was kid returning to my birth place in Fort Worth, the saying was, "if you don't have an oil well...get one!"My mom's family farm in Texas is about an hour SE of San Antonio. About 20 years ago, this Eagle Ford shale oil turned all this area into a money producing machine. For my family's farm, a company drills under their land from like 5 miles away. We are not talking huge money here... but consistently ~$5000 a month. Which is a really big deal to farmers who are used to never having money. My uncle is so old now that he leases all the top soil anyway.
Anywho.... Marathon reached out to us yesterday. They said the currently company is completely screwing us over, they can prove it, they want to use it to break the lease.... and they would like to put 2 rigs directly on the property.
