Oilfield Trash, Part 2

If you’re not having fun, you’re doing it wrong.

Beat the Deadline Lease Race

Posted by Oil Field Trash on May 31st, 2006

What the Gas companys are doing is drilling on the Cheap Leases they signed up years ago to freeze the leases even if they have to pay a shut in lease. Once they drill on a lease that ties it up. A Shut in royality is way cheaper than resigning or loseing a lease. A friend signed up with Quicksilver 3 years ago and he is getting flooded with offer to buy his minerals. He is fustrated because they have not drilled on him and he is actually thinking about selling his interest. I told him they are setting him up and they where using a sister company to make offers on his interest. But he ain’t listening to me.

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