Replies to This Discussion

Permalink Reply by Aubrey C. Sanders, Jr. on December 31, 2011 at 11:44

Melisa, This is question which no one can answer w/out info as to legal description of your property. There are lots of good discussions posted by many people. I suggest your first homework assignment should be for you to read as much as you can. There is, in my opnion lots of good advice and some not so good. I always tell people that there mineral lease may very well be the most valuable and important document they will ever sign. It can remain effective through several generations and you only get one chance to get it right.. The lease terms you have been offered do not look at all enticing to me, but you will have to decide that for yourself. Avail yourself of this site. There is lots of good info here, as well as some which I do not consider to be so good.

 

Good Luck and Happy New Year

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Permalink Reply by w.r. frank on December 31, 2011 at 18:48

I have no idea where Miller County is, but I would not lease for $150 and 1/6 if it was on Mars!

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Permalink Reply by JHH on January 1, 2012 at 1:24

That's up in the Texarkana, Arkansas area.  And i agree with you 110%.  jhh

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Permalink Reply by Henry on January 1, 2012 at 2:14

Talk to nearby people.  See if they are getting offers, and what the offers are.  Find out if there is already any drilling going on in your area, what the formations are, and if the wells are any good.  You are sharp enough to ask questions before blindly signing a lease.  Continue asking questions and learning, before you make any decision to sign something.  Aubrey Sanders is right -- a lease can run for many generations.  Look at both the near-term and long-term possibilities.

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Permalink Reply by Aubrey C. Sanders, Jr. on January 1, 2012 at 4:59

Melissa, May I suggest that you join the Smackover/Brown/Dense site. You will get more feedback by far and I think  posting to that site is most appropriate.

 

Happy New Year

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Permalink Reply by Melissa Fisher on January 5, 2012 at 17:03

Thanks for all the responses! Yes Aubrey, I will join the Smackover/Brown/Dense site. This is all new to me and I appreciate all the responses.

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