Received an offer of $1000/acre and 14%, have countered and are waiting to see if there will be any increase. 61 acres in Lafayette District. Fingers crossed . . .
I'm just going to throw this out here. Everyone here realizes, I hope, that when a company comes into an area to develop it they will buy leases that other O&G companies have as a block. These lease invariably are sold with the seller retaining 1/8th of the working interest. And, if the lease has changed hands a couple of times already, the developing O&G company can easily wind up with only 70% of the working interest (usually 7/8 or 87.5%). So do the math. If you have land that does not have a current lease on it, do not lease it to a leasing company who only wants to flip it and retain a working interest. Wait for the production company to come knocking. Unencumbered leases are a gold mine in good areas.
Cliff Brown
Do you have a number or contact? We have 188 acres in McKim District we'd like to lease if this region has appeal. Thanks,
Apr 7, 2014
Richard Phillips
Received an offer of $1000/acre and 14%, have countered and are waiting to see if there will be any increase. 61 acres in Lafayette District. Fingers crossed . . .
Sep 9, 2014
William Dotson
I'm just going to throw this out here. Everyone here realizes, I hope, that when a company comes into an area to develop it they will buy leases that other O&G companies have as a block. These lease invariably are sold with the seller retaining 1/8th of the working interest. And, if the lease has changed hands a couple of times already, the developing O&G company can easily wind up with only 70% of the working interest (usually 7/8 or 87.5%). So do the math. If you have land that does not have a current lease on it, do not lease it to a leasing company who only wants to flip it and retain a working interest. Wait for the production company to come knocking. Unencumbered leases are a gold mine in good areas.
Nov 7, 2015