Property Rights in A Market Economy

[checking]

Dear Bill, A landman suggested to us the other day that this issue was at the eleventh hour stage. If I were executioner, I believe I would allow drilling area of interest formations above the potash beds. I'd be convinced that the odds would be small that this activity could waterflood a traditional potash mine. The mines more than likely test drilled and cored the exclusion tracts to obtain a definite handle on future mine expansion, and it could be decades before they ever need the resource. Oil wells can be as easily plugged back as any test drill the mines may have done to their potash beds.

[checking]

Dear Judge Judy Peach: I wish to appeal the case of the used box of crayons vs the brand new box of crayons and clowns presented to Simon by Paula. Burbert demands equal treatment which goes to his CWB views, and I feel discriminated against by an unjust society that would allow me to fall through the cracks to my present challenged state. Further, wall space is at a premium, and I could use the clown colouring book. If it pleases your Honor, Burbert and I would like to know more about your background, Is it true, for instance, that your dear mother was the Energizer Bunny and your father was Roger Rabbit. This is but our childess curiosity, but would explain why you keep going and going, and can not help yourself!!! (lol) Hoping these comments don't influence your decision, but I to scoot as I have a morning session of face and body painting with my best buddy Burbert!!!!

[parsley]

checking,
There is little oil activity right now in the SE. Leasing and exploration is stalled. Operating money is tight for some companies, and there is wait and see stalling.

Some oil compnies are cancelling their projects.

If there is an 11th hour bell, as you state, your negotiating vantage point on the the price of the oil is weakening, granted, but may be up tommorow

But, drilling in the future may come slowly, and underground potash development will likely progress quickly and long precede any drilling activity interest.

A lot of lobbying and municipal finangling, and provincial prespectives can develop that can impede your drilling.Towns want the mine and don't give a damn about checking.

That's why my first choice would be to ask for compensation.IMHO


Just an opinion. But if you have, say, 10,000 acres, checking, I would hold. If you are mineral rights holding jointly with five other people, I would negotiate. If you have enough cash for a good battle, hold.

Just opinions. Some members of my family were involved with oil, so I was at times, also exposed to a little different perspective.

Not right. Not wrong. Just different.

Sometimes nonsense posseses me. lol The devil makes me do it. Pars

[parsley]

Body painting with burbert?

[checking]

You may have a point that the majority (towns that rely on potash mines, the company and its employees, and the provincial coffers) don't give a damn that the minority like checking who hold an alternate mineral exploration and extraction right over the same property, believe that they should prevail because of the common good (greater wealth potential,longer term viability, higher employment). A farmer who grows a crop having three times the value of an adjoining neighbour's field, and decides he has the right to destroy that crop to protect his own faces the same risk as the majourity who believe they have the dominant right. Praise god that we have a court system and little old grandmothers who would support a minority right.

[checking]

I don't believe pessimism in the oil patch in SE Saskatchewan is as great as the public is led to believe. In talking to a CEO of a junior oil company, his view was that he wouldn't be changing any drilling plans. His attitude was that oil price would rise and fall 25 times before the last barrel would be pumped from any given well. A second CEO, again of a junior oil company, planned to concentrate on drilling out priority locations whose leases were ending with either crown or freehold mineral owners. His plan was to cap these wells for the day of better oil prices, and not to drill any infill wells where there was no pressure to do so. Two land agents stated to me that their workload had not decreased, and they expected the activity to continue after road bans. One claimed that the red hot baacken play in SE Saskatchewan had reverted back to the Frobisher zone around Stoughton. These wells are 1/4 the price to complete, and often have as much production. General or perceived downturns in the oil patch have their encouraging side. Prices come back in line thoughout the system, rig day rates halve, marginal wells may receive workovers, and rig crews get hungrier to volunteer wage cuts in oder to get jobs,. It is only in farming where inputs stay high!!!!