a site

Blake Malkamaki · September 27, 2011, 11:16:28 PM

They just drilled a 6500 foot well next to me. I don't know any results yet.

Blake

Bob · September 28, 2011, 02:25:13 AM

By your house Blake? Marcellus or Utica?

Blake Malkamaki · September 28, 2011, 02:53:47 AM

Beekmantown Dolomite. The well is 525 ft from my property and they never even wanted to unitize with me.

Joshua_d · September 29, 2011, 03:38:35 AM

dont know how the american system works but land holders in australia dont own anything deeper then 500mm ? correct me if im wrong ian. so land holders who are sitting on vast coal deposits get no royalities

Blake Malkamaki · September 29, 2011, 03:57:57 AM

That doesn't seem fair at all. So who owns it?

We own everything under our land, unless the oil, gas, minerals, or coal was sold off in the past, in which case it would be owned by a separate person. Most of the land where I live is intact with its minerals, but a little further east in the old oil regions (where Bob lives) most of the oil and gas was separated from the land over 100 years ago.

Another item to throw into the mix here is that different producing formations can be sold separately. So someone may own the oil and gas down to 1500 feet, then someone else could own between 1500 and 5000 feet, and a third party could own everything deeper.

Also timber rights can be sold off, so the land owner may not own the timber.

So you see, if you are buying land you need to do your homework and see exactly what you are getting.

Blake

Quote from: Joshua_d on September 29, 2011, 03:38:35 AM
dont know how the american system works but land holders in australia dont own anything deeper then 500mm ? correct me if im wrong ian. so land holders who are sitting on vast coal deposits get no royalities

Blake Malkamaki · September 29, 2011, 04:03:56 AM

Another thing in regards to oil and gas ownership, there is a large piece of land east of here called the Allegheny National Forest, which is owned by the US Government. When the government bought the land from private owners back in the early 1900s they were not interested in the oil and gas rights. Therefore about 99% of the oil and gas under the national forest is owned by private individuals, who have every right to drill and produce it no matter what the National Forest thinks about it. I don't know how many oil wells are in the Allegheny National Forest, but it is in the many thousands. Bob may know for sure as it is in his backyard.

Blake

ianoz · September 29, 2011, 07:21:48 AM

Basicly ,I think your right Josh , As far as oil and Minerals go ..But i know of a quarry here that a land owner leased to a guy to open the Quarry . The guy then leased the lease , So the land owner gets a royalty, The lease owner gets a lease payment ,plus a royalty as well .

Joshua_d · October 08, 2011, 07:41:31 AM

A preview http://rarespares.org/test/buy.php

ianoz · October 08, 2011, 08:54:14 AM

Hi Josh , I see in your list of machines a Case 58oC Nightmare , Whats the Drama with it ?
We got one of them too .

Joshua_d · October 08, 2011, 09:22:40 AM

mostly the gear box the engine is solid as well as the hydrolics

firstly the timing over corroded through where the water pump fit onto it and the hydrolic pump coupling flogged out

the gear box's counter shaft bearing failed so the ring didnt line up true with the pinion so its made a mess off all the diff center and spiders...

5000 exchange or i can slowly get the parts for the states... 350 for a new ring and pinion or 2000 from case.... plus the box has a split in the housing so whos knows how true everything is now

good machine otherwise i just skull drag myself around with the hoe lol

ianoz · October 08, 2011, 09:44:29 PM

There is a guy in Brisbane ,Barry Lane , at lane trading . For Case parts and knows a lot about them .