Replies to This Discussion

Permalink Reply by James on November 16, 2009 at 4:29

MY Bad, thanks for pointing that out again. I think my short term memory ain't workin. I think my short te......... never mind. Can't be age related, must be the high mileage. ..

• ▶ Reply

Permalink Reply by The_Baron on November 16, 2009 at 9:02

From my standard lease:

b) on gas, including casinghead gas, or other gaseous substance produced from said land and sold or used off the premises or for the extraction of gasoline or other products therefrom, the market value at the well of one-eighth of the gas so sold or used, provided that on gas sold at the wells the royalty shall be one-eighth of the amount realized from such sale; such gas, casinghead gas, residue gas, or gas of any other nature or description whatsoever, as may be disposed of for no consideration to Lessee, either through unavoidable waste or leakage, or in order to recover oil or other liquid hydrocarbons, or returned to the ground, shall not be deemed to have been sold or used either on or off the premises within the meaning of this paragraph 4 hereof; (c ) on all other minerals mined and marketed, one-eighth, either in kind or value at the well or mine, at Lessee's election, except that on sulphur the royalty shall be one dollar ($1.00) per long ton.

• ▶ Reply

Permalink Reply by The_Baron on November 18, 2009 at 8:00

would you mind posting yours?

• ▶ Reply

Permalink Reply by The_Baron on November 19, 2009 at 8:55

I am not argueing that phrasing is important.

My language above is from the standard LA Bath form. Most lesors woul be subject to it, or somthing very close.



I still would like to see your royalty clause.

• ▶ Reply

Permalink Reply by James on November 16, 2009 at 8:58

I started researching a few days ago and would like to thank all those who have responded to my posts and cleared up a few lot of fuzzy areas. I now feel like I can make a half-way intelligent decision on whether "to lease or not to lease" and understand the lease language. I have no clue as to who the actual people are that responded but seems like a couple of them would make good state reps. to get between the big oil companies and the "little ole dumb country folk" like me and make sure their is no advantage for either side and to keep everyone honest. You got my vote !!
Or, maybe some of the info is just a misinformation tactic by the enemy to try and get the confused masses to make a decision that would more benefit the enemy. The previous statement is just a pathetic attempt at humor. I’m not really that paranoid (most of the time)! Have A Good Day….and thanks again for the education !

• ▶ Reply

Permalink Reply by Mac Davis on November 16, 2009 at 11:12

Remember the qualifications to post to this web site.

You have to have access to the internet and be able to figure out how to navigate the site. (or have a kid show you how to do it.) Some of us are ignorant. Some of the things posted here are R-O-N-G. Many things said here are opinions, not facts.

Pay attention to what you read here, but verify it.

If you're in the Haynesville Shale area with 12 acres, I'll say get a good O&G lawyer before you do anything. The dollars involved with make the initial consultation well worth the fee. Figure out what issues you need to discuss before you go to the lawyer to save time, money and understand the issues.

• ▶ Reply

Permalink Reply by James on November 16, 2009 at 14:03

Not sure what I said that would give someone cause to question my qualifications to post to this site. Maybe I am taking it the wrong way. But in any case,,,, sorry if I said something or my attempt at humor offended, insulted or irritated anyone, that was not the intent. I’m just trying to find out as much as possible as quickly as possible. I chose to ask a few questions(that have probably been asked a hundred times before) rather than taking hours to read thru thousands of different posts trying to find the info I needed. Maybe that wasn’t the best way after all.

• ▶ Reply

Permalink Reply by Mac Davis on November 16, 2009 at 18:37

James, I was absolutely NOT!!! referring to you. I apologize if the fact that this site structure made it appear that way, because it was posted as a reply to you.

I was warning you not to put too much faith in the answers you get here, including my answers.

There's no entrance exam to post here.

• ▶ Reply

Permalink Reply by James on November 17, 2009 at 3:59

Ok, I sure am glad. The last thing I want to do is get on somebody’s wrong side. Life is too short to be wasting time making enemies……… HAVE A GOOD DAY !

• ▶ Reply

• ‹ Previous
• 1
• 2
• Next ›
• Page