Replies to This Discussion

Permalink Reply by Checkmateking on January 28, 2010 at 14:02

3 years no option is as good as it's gonna get, but if you wanna hold out for more bonus do what you feel is right.

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Permalink Reply by adubu on January 28, 2010 at 14:17

what survey and total net mineral acres? If you get 25% r add vertical and pooling pugh clauses plus r free gas ( pay no transportation, compression, etc) $1500 good bonus today. XTO has expert ability to drill deep H wells. Don"t get greedy on the bonus because you make your money on the royalty. Have O&G attorney review lease for all the good clauses and language etc. If you are also the surface owner you sure desire attorney to review it before signing.

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Permalink Reply by Skip Peel - Mineral Consultant on January 28, 2010 at 14:24

jerry smith. I thought you were already leased. Didn't you claim that you had leased for $15K and 27% a week ago?

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Permalink Reply by jffree1 on January 28, 2010 at 14:35

And signed a confidentiality clause, so he claimed.

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Permalink Reply by jerry smith on January 28, 2010 at 14:43

i own more propery in thar ssurvey 139

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Permalink Reply by Carter on January 28, 2010 at 19:04

RE ADUBU POST: This is excellent advice. Clean, to the point, and simple. $1500 is fair value right now.

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Permalink Reply by Norwood, W on January 28, 2010 at 14:32

I hear the sound of chains being yanked...

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Permalink Reply by jerry smith on January 28, 2010 at 14:44

ther is no chains being jerk here

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Permalink Reply by Skip Peel - Mineral Consultant on January 28, 2010 at 14:52

jerry. Don't forget that confidentiality agreeement.

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Permalink Reply by DJG on January 28, 2010 at 15:34

Well, this is going to be an interesting thread to follow....

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Permalink Reply by Just Saying on January 28, 2010 at 15:38

Better hang on to that 15,000 dollar check or draft or whatever you got. Well maybe they paid you cash to keep it super confidential. I am sure they said that you could not tell anyone or show anyone. So be carefull because if they gave you a check or a draft someone at the bank might see it and it might void the lease you signed. It is funny I have seen so many of these clauses, but none that I have seen have said what the penalty is for giving out the information. If 15000 is the going rate then what is the problem with giving everyone on this site some ground to stand on when negotiating there lease. It sure would help if we could see a 15,000 dollar an acre bonus check. What is going to happen if we get to see it, is the company that took the lease going to release the lease because we know what the bonus was. I doubt it. How about this. Surely you have the information for the landman that took the lease. Post his or her information so we may call him or her and see if they would like to take a lease with us for 15000 an acre. What is the harm in that, I would think that they would love to get potential lessors calling them. If you can not post the name of the person that took the lease with their contact info I am calling BS on this. No landman would turn down the opportunity to have mineral owners calling them with prospective acreage. So call him or her and get their permission and we will make our own calls. If no name or number shows up on this post then I think we have our answer. A claim like this in no way helps anyone without proof, it will just make folks look silly when they are talking to landmen. Also remember that this is a horizontal play. If you do not make a deal and do not have enough acreage to drill a horizontal well on, you will be left out. It is being done everyday.

Still waiting for an answer.

PS I want to know where you get your Moonshine, by your posts it seems to be some good stuff.

Just Saying

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Permalink Reply by shelbyco on January 28, 2010 at 15:49

I'll have what he's having.

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