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Natural Gas Wells Info.
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<blockquote data-quote="HOSS" data-source="post: 606762" data-attributes="member: 1863"><p>I was wondering if anybody on the boards has natural gas wells on their property. There are some wells a couple of miles from me that have been capped since the late 70's due to something going wrong with the shafts. The landowner is discussing the repairs and operation with a gas drilling company. I am curious if my land might be sitting on top of some NG reserves.</p><p></p><p>Has anyone ever dealt with a gas drilling company? What type of deals do they have for exploration? Is there any geological features that hint of gas reserves underground?</p><p></p><p>I had a co-worker who has land in Kentucky. He has 3 wells and is drilling a 4th. I should say the gas company is. Anyway they pay him 12.5% royalties. That worked out to be $400.00 per day per well. That is why he is no longer a co-worker.......at 1200.00+ per day he don't need to work. I can't get hold of him to ask these questions so I hope there is some experienced folks on this board.</p><p></p><p>Will the gas companies do the exploration at their cost if it is believed that there is a good chance that gas may be located under the property?</p></blockquote><p></p>
[QUOTE="HOSS, post: 606762, member: 1863"] I was wondering if anybody on the boards has natural gas wells on their property. There are some wells a couple of miles from me that have been capped since the late 70's due to something going wrong with the shafts. The landowner is discussing the repairs and operation with a gas drilling company. I am curious if my land might be sitting on top of some NG reserves. Has anyone ever dealt with a gas drilling company? What type of deals do they have for exploration? Is there any geological features that hint of gas reserves underground? I had a co-worker who has land in Kentucky. He has 3 wells and is drilling a 4th. I should say the gas company is. Anyway they pay him 12.5% royalties. That worked out to be $400.00 per day per well. That is why he is no longer a co-worker.......at 1200.00+ per day he don't need to work. I can't get hold of him to ask these questions so I hope there is some experienced folks on this board. Will the gas companies do the exploration at their cost if it is believed that there is a good chance that gas may be located under the property? [/QUOTE]
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