I would certainly not sign any oil and gas lease until you completely understand what your signing. It doesn't matter what Trump will do after February. Here are certain things you need to modify in a lease.
Terms- A lot of times…"
After looking at a few maps, I find Jay Bee Oil and Gas North of the county and Cunningham Energy in Wood Co, around the middle of the county. Nothing in your area. You may want to call Jay Bee or Cunningham and see if…"
"Frank, This is good, but the mineral buying companies or investors now are becoming more detailed in their search on buying.
For example, the 20% for $8000 an acre, need a little more detail on this now. If it is 20% with a post production cost, I…"
"Jim, your best bet is to put a mineral acreage packet together listing all properties, unleased and leased, companies who have the leased acreage and units, areas including twp and county, tax map parcel numbers and maps. Find the top 5 mineral…"
It's tough to give you any pricing on oil and gas minerals as there is so many scenario's to buying mineral rights. For ex Is the acreage leased? if so, is it a bad or clean lease?, is the lease pooled and…"
"If your main 5 year term of the lease is getting ready to expire, it's up to the company if they want to extend the lease. Just because you have an extension clause in your lease doesn't mean the company has to honor it. If it is…"
"Back in 2011 Williams/ WPX Energy paid $4500 an acre and $1000 for each well leg drilled off the site, plus cost free at 18.5% with Hold Harmless, Marcellus only, 5 yrs only, shut in was $75.00 an acre plus a lot more taken out of the lease in…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]