Replies to This Discussion

Permalink Reply by little ole 1st grade teacher on May 21, 2010 at 9:09

Just curious....Who (company) are you signing a bonus with?

Permalink Reply by Michael Martin on May 21, 2010 at 10:06

Noble or Cabot. Thanks!

Permalink Reply by lucky spike on May 21, 2010 at 10:36

I just recently signed 2 different leases at $2000 / acre. I'm not sure where they are in relation to yours but 1 in H.L. Wiggins survey A-763 with XTO and the other in George S. Hutto A-352 and G.S. Hutto A-348 with Devon.

Permalink Reply by little ole 1st grade teacher on May 21, 2010 at 17:22

And where (what are the nearest towns around these leases) are your two properties located? I wish that my sister and I could get a lease on our properties. Are they leasing other people around you?
How many acres are in the unit(s)?

Permalink Reply by Michael Martin on May 21, 2010 at 17:29

Thanks Mike. I'll cross reference the surveys and make sure they're close enough to each other to use the comparison. Thanks again.

Permalink Reply by Endwise on July 27, 2010 at 10:06

I was contacted by a landman two years ago and I didn't sign. This June I was contacted again by the same landman who offered 1000/acre, 3 yrs.,1/5. I turned it over to an attorney asking for 1/4 royalties and was ready to sign. Then last week I was contacted by another landman offering 3000/acre, 3yrs., 1/5. Should I accept the offer as is or hold out for 1/4 royalties. Thanks in advance for any advise.

Permalink Reply by James Ross on July 27, 2010 at 12:37

What part of the county is this in?

Permalink Reply by Endwise on July 28, 2010 at 2:31

About 15 miles south of Center.

Permalink Reply by jffree1 on July 27, 2010 at 13:23

"I turned it over to an attorney asking for 1/4 royalties"

Talk it over with your attorney... maybe you should ask for 3K AND 1/4 now that you have two bidders.

Permalink Reply by Endwise on July 28, 2010 at 2:34

Thanks, as soon as I find another attorney, just found out mine has a conflict.

Permalink Reply by Endwise on July 28, 2010 at 4:36

Thanks for the info, I have plenty of reading to do, cuz I havn't a clue as to what I should ask to be in the addendum.