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RFS,
Most of the time it doesn't have anything to do with a landman "lying". Some companies have a wide window of what they can offer to landowners. Maybe landman A talked to a few neighbors and got a few of them to sign at that $2,500-18% rate. Landman A offered that same deal to neighbors he was dealing with to keep things fair. Landman B may have no idea what landman A is offering people and his initial offer is lower. We don't even know if these land men work for the same company!
Yes, very true.
I forgot to mention that part, that there are very often multiple companies out doing the same thing in the same areas.
Not only that but sometimes different companies have landmen from different agencies working in the same place giving whatever offer they want, regardless of what the rest of the guys are doing.
(Chesapeake is notorious for this. They hire many landmen agencies and let them all loose to do whatever they want.)
Mr. Knapp and rfs , Thank-you for your replies. I had a feeling this is what is going on. And " ALL " of your comments have confirmed what was already going through my mind. I have been doing my research and home work, not relying on just one source, " Trust , but Verify . " As for posting " Offers " I always keep in mind that they are just that , " Offers " nothing is written in stone. I see the posting of " Offers " here as figures to work off of. I don't think anyone will know what your final agreement is unless you tell them.
Monica , I would like to know the good verse the bad Oil/Gas Companies too. In my opinion , I'm not so sure it would be a good idea to post that info. I could have a horrible experience with the same company you have an excellent experience with. Everyone's situation is different. For me I'm going to look at the whole picture not just at what dollar and royalty amount they are offering. I will also be looking at how well the Oil/Gas Company is willing to work with me regarding all the other details of the lease. And most important , are they going to treat me as the land owner, who has something they want, with respect.
I'm so very Thankful for this site. Before I joined I felt like I was totally in the dark, now I'm beginning to see some light. Thanks to everyone on the site for your input.
I am glad you brought this up about some don't post and some are not even aware of this site....
as far as the lease rates...shouldn't we consider it also has something to do with the density of the shale and their geological findings?...that is why some areas are offered more than others is what I was told....about how easy to obtain and transport?
I would like to see leases setup this way.
A set price per acre 1st year. and the price goes up every year thereafter if not a producing well, until lease period expires.
still no mention of what companies are buying the leases
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