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re: Just bought 40 acres
Posted on 10/31/13 at 2:00 pm to SD90MAC
Posted on 10/31/13 at 2:00 pm to SD90MAC
As long as your land is included in the unit and the well is producing, the 10 year clock is stopped. Once the well ceases production, the 10 year clock starts. If another well is drilled within 10 years, the clock stops and is reset again.
A unit is when all or part of your land is combined with surrounding lands into one "pool" and a well is drilled to produce the minerals. Generally, the land pooled into a unit is all in the same section, but that's not always necessarily true. If you know what section-township-range your property is in, I can check the production around your property and see what might be going on.
A unit is when all or part of your land is combined with surrounding lands into one "pool" and a well is drilled to produce the minerals. Generally, the land pooled into a unit is all in the same section, but that's not always necessarily true. If you know what section-township-range your property is in, I can check the production around your property and see what might be going on.
3
Posted on 10/31/13 at 2:20 pm to LSUGUMBO
quote:
As long as your land is included in the unit and the well is producing, the 10 year clock is stopped. Once the well ceases production, the 10 year clock starts. If another well is drilled within 10 years, the clock stops and is reset again. A unit is when all or part of your land is combined with surrounding lands into one "pool" and a well is drilled to produce the minerals. Generally, the land pooled into a unit is all in the same section, but that's not always necessarily true. If you know what section-township-range your property is in, I can check the production around your property and see what might be going on.
Gumbo..if you don't mind, could you check mine? We have 19 acres in Livingston Parish.
Section 31, Township 6 South, Range 4 East
Posted on 10/31/13 at 5:09 pm to LSUGUMBO
Section 17
Township 6
Range 09
Ward 6
Sellers road
Township 6
Range 09
Ward 6
Sellers road
Posted on 10/31/13 at 5:10 pm to LSUGUMBO
I have the parcel number too.
Thanks gumbo
Thanks gumbo
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