Tracy Lenz
Tracy Lenz
  • 54
  • 67 324
Pecan Estimate Basics - Owners & Managers of Oil & Gas Properties
If you're wanting to manage your oil and gas interest either for yourself or a client in a financially responsible way, you're at the right place! Welcome to a series introducing how to use the Pecan Estimate for folks with different backgrounds and questions. The Kelly Blue Book of mineral interest. The Zillow Zestimate of oil and gas. Our engineering firm made this data specifically available to the public to fix a broken market and bring transparency to the mineral owner.
~~~~~~~~
Ready to explore the app? Start here! www.PecanEstimate.com
~~~~~~~~
"Using Income Multiples to Value Property": ua-cam.com/video/Db5V5TrC6Co/v-deo.html
"Lease Royalty Rates": ua-cam.com/video/HGUBxgz_6Ak/v-deo.html
"Gross vs Net Acreage": ua-cam.com/video/9zqL93Kdy1I/v-deo.html
~~~~~~~~~~~~~~~
Our Services
- Appraisal requests: www.pecantreeog.com/appraisals/
- The Pecan Estimate (web app): www.pecanestimate.com
- Engineer on Call: www.pecantreeog.com/hourly-engineering-services/
www.pecantreeog.com
~~~~~~~~~~~~
The Mineral Rights Forum (I answer questions here often)
www.mineralrightsforum.com/
~~~~~~~~~~~~
PECAN TREE OIL & GAS: Pecan Tree was founded by Tracy Lenz as a Limited Liability Company in January 2020 (registered Texas Engineering Firm F-21124) to bridge the gap between mineral owners and the confusing, high-dollar world that is oil and gas. After being on the operator side for over a decade, Tracy witnessed firsthand how mineral owners rarely can afford the same data, experts, or software to be on a level playing field with the operators and buyers, yet have MORE at stake when deciding what to do with their minerals. Pecan Tree’s focus and efficiency make these resources available without a hidden agenda. We don’t buy minerals, we don’t work with billion-dollar companies, and we aren't private-equity-backed. This flexibility lets us innovate with technology, maintain the highest standards (work quality, customer service, and ethics), and tailor pricing and scope to each client’s specific needs.
~~~~~~~~~~~~~
ABOUT TRACY:
- Licensed Professional Engineer in the State of Texas, PE# 132654
- Certified Mineral Appraiser by the International Institute of Mineral Appraisers (IIMA), #2020-06
- Master of Science in Petroleum Engineering from the University of Southern California
- Bachelor of Science in Petroleum Engineering from the University of Texas at Austin
- Experience with oil & gas minerals in Texas, Oklahoma, New Mexico, Louisiana, North Dakota, South Dakota, Montana, Utah, Colorado, Wyoming, Arkansas, Ohio, Pennsylvania, West Virginia, and Kansas.
www.pecantreeog.com
tracy@pecantreeog.com
Переглядів: 383

Відео

Pecan Estimate Basics - For Sellers - Is this a good offer?
Переглядів 3257 місяців тому
If you're considering selling minerals either for yourself or a client and want a 2nd opinion on an offer or starting point, you're at the right place! Welcome to a series introducing how to use the Pecan Estimate for folks with different backgrounds and questions. The Kelly Blue Book of mineral interest. The Zillow Zestimate of oil and gas. Our engineering firm made this data specifically avai...
Pecan Estimate Basics - Buyers & Investors (quickly see investment risk and upside)
Переглядів 2507 місяців тому
If you're wanting to do fast, accurate deal evaluation to start (or continue!) investing in oil and gas, you're at the right place! Welcome to a series introducing how to use the Pecan Estimate for folks with different backgrounds and questions. The Kelly Blue Book of mineral interest. The Zillow Zestimate of oil and gas. Our engineering firm made this data specifically available to the public ...
Walking through how to find 4 example oil & gas properties (for mineral & royalty owners)
Переглядів 1 тис.7 місяців тому
Today we're finding YOUR property in a relaxed, chit-chatty format. I walk through four examples of how to find oil and gas minerals using well information, legal descriptions, metes and bounds descriptions, and public land survey system (PLSS) descriptions. Our online tool for estimating property value: www.PecanEstimate.com LINKS MENTIONED TX RRC GIS: www.rrc.texas.gov/resource-center/researc...
Need help finding land? Send me your property descriptions for a FREE REVIEW! (By 3/4/24)
Переглядів 2098 місяців тому
I'll be filming a long-form video on March 4th, 2024, on how to find your oil and gas property and would love to help YOU while I'm at it! If you'd like me to show how to locate YOUR minerals (or royalty, ORRI, or working interest) please send whatever you have to tracy@pecantreeog.com and I'll do my best to include it in the video! All personal information will be redacted and you'll remain an...
Fast, affordable, SCIENCE-BASED estimates (know what the pros know!)
Переглядів 8438 місяців тому
The Kelly Blue Book of mineral interest. The Zillow Zestimate of oil and gas. Our engineering firm made this data specifically available to the public to fix a broken market and bring transparency to the mineral owner. Ready to explore the app? Start here! www.PecanEstimate.com "Using Income Multiples to Value Property": ua-cam.com/video/Db5V5TrC6Co/v-deo.html "Lease Royalty Rates": ua-cam.com/...
App Updates (1/8/24): Introducing the "Pecan Estimate"; New Subscription Options
Переглядів 1999 місяців тому
Following last month's roll-out of the site and the Quick Look report, this month we have even more cool features to share. Make sure to subscribe to stay up-to-date with all we're developing! Ready to explore the app? Start here! www.PecanEstimate.com "Quick Look Reports" - 10-min introduction video: ua-cam.com/video/9ndSVnDcgwI/v-deo.htmlsi=WsPo5nFN9PMzOycT - 50-min detailed video: ua-cam.com...
Walk-through a REAL listing with me (see our new platform IN ACTION)
Переглядів 7979 місяців тому
Walk-through a REAL listing with me (see our new platform IN ACTION)
The "Pecan Estimate": On-Demand Engineering-Based Mineral Values
Переглядів 2819 місяців тому
The "Pecan Estimate": On-Demand Engineering-Based Mineral Values
50-min of Details on Our Oil & Gas Valuation Tool
Переглядів 88610 місяців тому
50-min of Details on Our Oil & Gas Valuation Tool
Unveiling Our Game-Changing Oil & Gas Valuation Tool!
Переглядів 53810 місяців тому
Unveiling Our Game-Changing Oil & Gas Valuation Tool!
PREDATORY mineral-buying practices: An unfortunate example
Переглядів 1,2 тис.11 місяців тому
PREDATORY mineral-buying practices: An unfortunate example
Oil & Gas Leases: Why might they never drill?
Переглядів 2,4 тис.Рік тому
Oil & Gas Leases: Why might they never drill?
Oil & Gas Lease Bonuses: Beginner's Guide for Mineral Owners
Переглядів 2,1 тис.Рік тому
Oil & Gas Lease Bonuses: Beginner's Guide for Mineral Owners
Oil & Gas Lease Royalties: Beginner's Guide for Mineral Owners (with examples!)
Переглядів 7 тис.Рік тому
Oil & Gas Lease Royalties: Beginner's Guide for Mineral Owners (with examples!)
Using a multiple to value oil & gas "mailbox money" (and does it work in 2023?)
Переглядів 946Рік тому
Using a multiple to value oil & gas "mailbox money" (and does it work in 2023?)
How to read the directional survey report (for oil & gas wells)
Переглядів 2,4 тис.Рік тому
How to read the directional survey report (for oil & gas wells)
Can AI replace an expert? Let's find out! (testing ChatGPT)
Переглядів 469Рік тому
Can AI replace an expert? Let's find out! (testing ChatGPT)
What Does "Held By Production" (HBP) Mean for Oil & Gas Leases?
Переглядів 919Рік тому
What Does "Held By Production" (HBP) Mean for Oil & Gas Leases?
Types of Taxes Oil & Gas Mineral Owners Might Owe
Переглядів 1,5 тис.Рік тому
Types of Taxes Oil & Gas Mineral Owners Might Owe
Working Interest vs Royalty Interest in Oil & Gas - Which is Better for You?
Переглядів 8 тис.Рік тому
Working Interest vs Royalty Interest in Oil & Gas - Which is Better for You?
What's the difference? Gross vs. Net Mineral Acres
Переглядів 738Рік тому
What's the difference? Gross vs. Net Mineral Acres
5 Things Mineral Owners Shouldn't Do
Переглядів 2,5 тис.2 роки тому
5 Things Mineral Owners Shouldn't Do
What I wish mineral owners knew about projecting future royalties
Переглядів 6332 роки тому
What I wish mineral owners knew about projecting future royalties
WALKTHROUGH (pt 5): Wrap up, fair market value, NRA vs NMA, Comps rant, Pecan Tree Updates!
Переглядів 4852 роки тому
WALKTHROUGH (pt 5): Wrap up, fair market value, NRA vs NMA, Comps rant, Pecan Tree Updates!
WALKTHROUGH (pt 4): Reservoirs drilled, faulting, well timing, parent-child effects
Переглядів 4412 роки тому
WALKTHROUGH (pt 4): Reservoirs drilled, faulting, well timing, parent-child effects
WALKTHROUGH (pt 3): Reserves, discount, risk, permits, lateral length, operator activity
Переглядів 4562 роки тому
WALKTHROUGH (pt 3): Reserves, discount, risk, permits, lateral length, operator activity
WALKTHROUGH (pt 2): Well activity, permit research, units, and pay decimals
Переглядів 5972 роки тому
WALKTHROUGH (pt 2): Well activity, permit research, units, and pay decimals
WALKTHROUGH (pt 1): Permian Basin geology, legal descriptions, locating the minerals
Переглядів 1,2 тис.2 роки тому
WALKTHROUGH (pt 1): Permian Basin geology, legal descriptions, locating the minerals
How To Find if Oil Prices Are Up Or Down For FREE
Переглядів 5222 роки тому
How To Find if Oil Prices Are Up Or Down For FREE

КОМЕНТАРІ

  • @eddiebarnes7060
    @eddiebarnes7060 9 днів тому

    What do you mean by 2 and 3 year terms

  • @AudreyBailey-b3i
    @AudreyBailey-b3i 14 днів тому

    What can hold a lease during the primary term without production? Can a permit filed a month before the end of a primary term hold a lease?

    • @PecanTreeOG
      @PecanTreeOG 12 днів тому

      @@AudreyBailey-b3i during the primary term, usually there are limited things required to hold the lease. The primary term is there to give the lessee time to evaluate, plan, and schedule drilling of the well(s). The lease itself should say what is required to extend the lease beyond the primary term, but usually it requires a well to be at least in the process of being drilled (“spud”). I’ve not seen a permit extend a lease beyond the primary term by itself, but the permit might mean they are starting to drill since there’s usually a delay in data and filings.

  • @jasongreen1563
    @jasongreen1563 16 днів тому

    Are you in Arizona Something said ASU

  • @drjdvm
    @drjdvm 17 днів тому

    Very helpful video. The question I have is if I can find out where well activity is going on in my area. It appears some drilling has started in the last week or so because we have Sand and Water trucks running up and down our road 24/7. I am all for drilling. I just wanted to get an idea how long all the traffic is going to be going on. Thanks again for your video info.

  • @Coast2coast_IT
    @Coast2coast_IT 22 дні тому

    Hi. We have mineral rights and have questions about oil and gas leases and drilling, etc. Are you able to contact me to further discuss our questions?

  • @pwyatt4513
    @pwyatt4513 23 дні тому

    Thank you for trying to help me with understanding how this work. I have a paid oil & gas lease that was sent to me, is this something that should be reviewed by a lawyer? I'm still confused if its a good contract or not.

  • @thenapierfamily
    @thenapierfamily 25 днів тому

    My wife and I just found out by mail that we are going to be owning mineral rights passed down from her grandpa. These rights are going to be split up 6 ways because mothers have passed and they go to the kids next. Anyways, we found out because Antero Resources is planning stages of drilling for oil and gas where these rights are. We do not own the land, just the rights. We do not know much about anything right now because this is so new to us. I certainly hope it can be life changing for us in a good way. Do you think this could be a great thing financially for our family's? The mineral rights are located in Doddridge county West Virginia. Any advice on this would be greatly appreciated. I have been watching your video's to figure out some of this. Thank you for making these detailed video's to help.

  • @chrisreeves8037
    @chrisreeves8037 Місяць тому

    My cousins negotiated for the family on 320 acres south of Lubbock. We received 23%. After watching your video, I see it was a fair price. Thanks, cr

    • @PecanTreeOG
      @PecanTreeOG Місяць тому

      @@chrisreeves8037 sounds like it possibly was!

  • @dhansel4835
    @dhansel4835 Місяць тому

    It's all called speculation. Right now in Central Texas there is a company that is asking land owners to lease their land for development of oil and gas. You will get a call from a "Landman" asking to lease your property for 3 years with an option of 2 more years. They will offer a percentage of the royalty, usually 20-25% and a signing bonus. The signing bonus can range anywhere from $150 to $5,000 per acre. You need to check with a local oil and gas attorney or your bank who know who these companies are and what is their intent. Some leasing companies will lease XX amount of land and "FLIP" the leases. Which means sell them to another investor. I have seen leases bought and "Flipped" 3-6 times and no drilling was performed. Right now the administration we have had shut down drilling permits. In the 2024 upcoming election if the right party get elected they will open up pipe lines and start the drilling permits. This is why Landmen are trying to buy up leases in hopes either to drill on the land or just "Flip" the leases. Doing research on the company these landmen represent is a must. Find out how big the oil company is, their history and how many producing wells they have. Just don't jump at the first landman's offer. They will offer as little as they think you will take, you just need to negotiate with them so you and the leasing company will both be happy.

  • @animpossiblebird
    @animpossiblebird Місяць тому

    Wow thank you so so much for all the work and thoughtful support you build.

  • @samsanchez8437
    @samsanchez8437 Місяць тому

    How do i find out the value of my mineral rights?

  • @sodapopinski8064
    @sodapopinski8064 2 місяці тому

    Thank you for these videos... I'm learning a lot! One point I'm confused on though... Shouldn't the production unit size be closer to 960 acres since it's a section and a half? The calculation at the end here uses just the 636ish acres for sec 35 and doesn't include sec 30s half.

  • @KelleyWaddle-f9v
    @KelleyWaddle-f9v 2 місяці тому

    This is very informative. Thank you!

  • @auerring9028
    @auerring9028 3 місяці тому

    Hey does anyone know where we can find more information on this

  • @veritasimmigration
    @veritasimmigration 3 місяці тому

    Awesome

  • @aliciacastillo5580
    @aliciacastillo5580 3 місяці тому

    What is the difference on mineral rights surface rights and rights below the surface?

  • @daemathbyaqibmehmood9434
    @daemathbyaqibmehmood9434 3 місяці тому

    Great 👍❤

  • @curtisjones1904
    @curtisjones1904 3 місяці тому

    Drill baby drill

  • @Goldensgold
    @Goldensgold 3 місяці тому

    Great video, very informative.

  • @Trollbot007
    @Trollbot007 4 місяці тому

    Do you have a course for valuations?

    • @PecanTreeOG
      @PecanTreeOG 4 місяці тому

      I don't, but let me know what you'd be interested in and we can consider it!

    • @Trollbot007
      @Trollbot007 4 місяці тому

      @@PecanTreeOG Yeah…I am..

  • @Cherokeeindianoklahoma
    @Cherokeeindianoklahoma 4 місяці тому

    What if you own a undivided minerals interest in all depts and in the units , carried working or a Override is the operator. The research that is done can you explain? To look up minerals owners officially, and whom determines to exclude a mineral owner owners area they own out of the lease? Certainly if the unit is shut in do to over flow would they not have to keep that area in for at the bar minimum for maintenance or a possible worke over? I do not need legal advice however trying to interpret the lease in which was bought out from another etc.

  • @quoderatdemonstrandum5442
    @quoderatdemonstrandum5442 4 місяці тому

    I don’t sign any oil & gas lease for any less than 1/4 royalty interest

    • @PecanTreeOG
      @PecanTreeOG 4 місяці тому

      In active areas of the country (most places where leasing is happening) that is a good rule of thumb. There are some areas where 1/4 just isn't attainable as there isn't enough competition for leasing to drive up the prices.

    • @quoderatdemonstrandum5442
      @quoderatdemonstrandum5442 4 місяці тому

      @@PecanTreeOG The name of the game for ANY mineral owner is to hold out for the highest royalty you can get. Period. The end.

  • @pasheawoo1105
    @pasheawoo1105 4 місяці тому

    I currently own 69 NRA and it’s producing. I have a company interested in buying in just waiting on the letter so that I can negotiate . On one of the wells it showed the gross amount was in the millions. Is this a good thing or something I shouldn’t sale? Just trying to figure out which direction to go in. My land is in cass county(Texas)

    • @PecanTreeOG
      @PecanTreeOG 4 місяці тому

      Production is always a good sign when looking to get a better price to sell, but can also be a sign that there might be more production on the way (there's an old adage "the best place to find oil is where there's oil" meaning there's a better chance of there being MORE oil where there already is oil, than new oil being found where there isn't oil known already). The gross numbers can be very misleading though, considering you only probably have ~2% of the revenue on any well producing. 2% of millions isn't nothing though, for sure. If you can find the property on www.pecanestimate.com our tool can tell you what our estimate of market value is for the 69 NRA and if there are any new permits, drilling, completions, etc. to look out for in the valuation.

  • @joannvelasquez5791
    @joannvelasquez5791 5 місяців тому

    You have a gift for teaching in a manner that clarifies understanding ✔️

  • @ronaldschwigel-kz4ot
    @ronaldschwigel-kz4ot 5 місяців тому

    a just got a lease offer ?

    • @PecanTreeOG
      @PecanTreeOG 5 місяців тому

      Let me know if you have any questions 👍

  • @NinoAmerica
    @NinoAmerica 5 місяців тому

    I just signed to be a working interest investor! Don’t know what I’m doing. Just investing. lol. Good video

  • @NinoAmerica
    @NinoAmerica 5 місяців тому

    Great video ! Just emailed you.

  • @vivarase3326
    @vivarase3326 5 місяців тому

    Hi I have a very specific question. So we have land in Louisiana my dad was the owner of the mineral rights and they’ve been leased. There were wells drilled all around our land but never on ours. The gas companies were trying to buy the mineral rights from my dad for 30+ years. He could never figure out why they wanted the rights but wouldn’t drill on the land but they would drill on all the land around. Literally you can see on google maps all the wells surrounding ours. He passed recently and within weeks the oil company contacted my mom and offered 30000$ for the mineral rights. She said no. Now they keep contacting her and have increased their offer 5x. Do you have any idea why they’d want to buy the mineral rights but have been putting off drilling when it’s leased? We just don’t really know where to start on this situation so any advice would be great 😂

    • @dhansel4835
      @dhansel4835 Місяць тому

      If they buy the mineral rights they can do as they please on how many wells they want to drill. Talk to your neighbors that have leases and see how much their signing bonus was and how much royalty they are getting. Ask an oil and gas attorney that lives in the area. They know these companies and where they are drilling. If you sign a contract be sure to go through an oil and gas attorney so they won't put a well next to your house or ruin your water well. The contract is written for the oil company. If you get an attorney to look over it and make any changes you will have a contract that is good for the Both of you.

  • @greenbeginner9221
    @greenbeginner9221 6 місяців тому

    The big questions to a newby like me is, (1) how could I ever know who wants to lease my property and (2) how could I know that they're legit and (3) how could I ever know how much I should require? My 'rights' are sitting somewhere and I haven't received a check in nearly 20 years. Do I hire a transaction lawyer or something?

  • @drewjarrell
    @drewjarrell 6 місяців тому

    Thank you for your video. I’m considering selling my gas wells in Seminole Texas. I would love to talk to you

  • @digdogitty
    @digdogitty 6 місяців тому

    Are the royalties the oil companies pay on a Federal oil lease, more or less than they would pay a private citizen for a lease?

    • @PecanTreeOG
      @PecanTreeOG 6 місяців тому

      Historically it was 12.5% royalty for a federal lease but it was recently increased to 18.75% in 2022. www.npr.org/2022/04/16/1093195479/biden-federal-oil-leases-royalties

  • @LH-fh5yw
    @LH-fh5yw 6 місяців тому

    Thank you. I think the way I will look at it is I will get over the life of the well at least twice what is being offered.

    • @PecanTreeOG
      @PecanTreeOG 6 місяців тому

      That’s a good way to plan for it!

  • @rogerbilges589
    @rogerbilges589 6 місяців тому

    Do you estimate- mineral rights in Roosevelt County I have a 160 Acres I Own 100% the mineral rights

    • @PecanTreeOG
      @PecanTreeOG 6 місяців тому

      @rogerbilges589 We sure do! Feel free to check us out at www.pecanestimate.com

  • @LH-fh5yw
    @LH-fh5yw 7 місяців тому

    Thanks for doing this. I read somewhere that offers range from 12.5% to 25% of what I will get over the life of the well. This is less than 25-50% you suggest. Did I read something wrong? Thanks again.

    • @PecanTreeOG
      @PecanTreeOG 6 місяців тому

      I see the confusion! Those are two different metrics. 12.5%-25% is how much an offer would be today on total money you’ll receive in the future. I don’t actually use this stat so I don’t know the legitimacy of it, but I do have a video on income multiples to estimate market value that’s similar. The 25-50% is the value of an offer you receive in the mail compared to how much the property should actually sell for today. Sometimes houses are easier to use as analogies: if you get a call for a random person wanting to buy your unlisted house for $200k, then the 25-50% rule would say you could actually sell your house for $400k-800k if you listed it and marketed it properly.

  • @Shahrukhksherwani
    @Shahrukhksherwani 7 місяців тому

    Sold mineral rights in North Dakota. Need help in determining the cost basis

    • @PecanTreeOG
      @PecanTreeOG 7 місяців тому

      @Shahrukhksherwani Congrats on the sale! We have an intake form on our services site that would give us the information we'd need to scope the project and get you a free estimate, if you'd like portal.pecantreeog.com/intake

  • @perrinpartee557
    @perrinpartee557 7 місяців тому

    Awesome video!

  • @jameswhite1319
    @jameswhite1319 7 місяців тому

    Excellent video

  • @jameswhite1319
    @jameswhite1319 7 місяців тому

    Excellent thank for sharing

  • @jameswhite1319
    @jameswhite1319 7 місяців тому

    Thanks for sharing! Excellent idea!

  • @jameswhite1319
    @jameswhite1319 7 місяців тому

    I am very interested, as soon as all the division orders are finished, I definitely will ! Thank for sharing!!

  • @motocyke
    @motocyke 7 місяців тому

    Very valuable tool…love your insights and passion. 👍👍

  • @toddboothbee1361
    @toddboothbee1361 7 місяців тому

    Thanks for this. It is sickening, isn't it! In 2022, many buyers appeaqred out of thin air. A lot of this scammy stuff was going on. It took me six months of research before I sold a fraction of my rights. I brought in more buyers to bid against other buyers. I was willing to walk away, something I heard you should be willing to do.I looked up buyers in the country records for deeds they themselvesused to sell--different from what they were using with me. I found that some were selling to large buyers, like Energynet (I think that's the name). I also looked at the deeds these buyers used to sell their royalty rights and found clauses and language I could use, and used these to ammended the deeds they offered me. then I had an oil and gas lawyer look over everything. It was so nerve wracking and time consuming that I never wanted to do this again. I did learn something about mineral royalty deeds and the RRC GIS. None of this stuff is user friendly for civilians, for sure. And I wish ruthless greed didn't bother me. Your channel would have been a great companion as I was going through this.

  • @gustavovalladolid7036
    @gustavovalladolid7036 7 місяців тому

    I think that they want to hold on to the lease with options without producing anything because they might have an Adjoined property that they might be paying less on royalties and bonuses, and since it's close to the subject property, they might be able to extract the oil underneath that pool of oil those properties sit on, and not let another oil company have access to the oil. Maybe, just a thought.

  • @kathlynbarnes8236
    @kathlynbarnes8236 7 місяців тому

    What website would I search under to find state of Louisiana's well sites?

    • @PecanTreeOG
      @PecanTreeOG 7 місяців тому

      The top for links on this page are probably what would help the most! www.sonris.com/

  • @kathlynbarnes8236
    @kathlynbarnes8236 7 місяців тому

    Thanks for this video. Can you do a vodeo forbwells in NW Louisiana, DeSoto Parish? Also do you any videos on how to write a demand letter if youve never been paid due to being 'unleased mineral owner";and who to contact?

    • @PecanTreeOG
      @PecanTreeOG 7 місяців тому

      That’s a good idea for a video! I would want to pull in a guest to weigh in on the legal aspects but there are definitely best practices

  • @bbloom01
    @bbloom01 7 місяців тому

    Great videos! I have mineral rights which are shared with some family members on property in North Dakota. We've been presented a very simple lease from a land man. They all want to sign but I feel like holding out, until I find someone who agrees to drill. I don't want to have the land tied up for five years. What should I do? If they drill I will be force pooled. But if they don't, we're all stuck. Can I sell my rights to a different operator who agrees to drill and he can just force pool them?

    • @PecanTreeOG
      @PecanTreeOG 7 місяців тому

      It’s a bit of a complicated question, but ultimately I would personally lease with the party willing to give me the best terms for the lease. There are many nuances to compulsory pooling that are state specific and I’m not as familiar with North Dakota regulations as I am other states, but in general competition is a good thing for owners and active leasing suggests they’ll participate in future wells even if they aren’t the operator. But they’re fighting for acreage at this point. I’d run anything significant in value past a ND oil and gas attorney.

    • @lorib5398
      @lorib5398 5 місяців тому

      think about writing into your lease what section of the land they are going to drill to also. give them adept you know there are different layers of shale and formations so have them specify which formation are they targeting because you can least other companies the other formations at different depths so don't tie up all your land on one lease at 1 depth.

  • @laurelweiner8
    @laurelweiner8 7 місяців тому

    Fanas usual

  • @laurelweiner8
    @laurelweiner8 7 місяців тому

    thank you!