Replies to This Discussion

Permalink Reply by Polly Ann Foote on February 19, 2012 at 5:01

interesting and disturbing. The only offer that was appealing was the one offered to the Arkansas Game and Fish Commission and apparently no individual landowner was given that same offer . The only way for mineral owners to have some influence in negotiating is to join together and control a majority of the mineral interests in a secton - an almost impossible scenario.

Permalink Reply by DrWAVeSport Cd1 on February 19, 2012 at 7:27

FA,

Arkansas and Texas O&G leasing laws are quite different from Louisiana's.  Louisiana's, IMO, are more equitable.

Arkansas, IMO, leans in favor of the Producer side of leasing.  But, all mineral owners need to do their due diligence, including getting good O&G legal advice, before the Landman Comes Calling.  Again, IMHO. 

 

Permalink Reply by Ed on February 19, 2012 at 7:44

The Arkansas Oil and Gas Commission is run by local oil men. Always has been. I not saying they are not honest but still. Think about it.

Permalink Reply by DrWAVeSport Cd1 on February 19, 2012 at 8:43

Ed,

This AR "Commission" and its Commissioners need to be investigated, IMO.

Permalink Reply by The_Baron on February 20, 2012 at 4:03

I think it is important to realize the reasons for the force integration laws.. and I emphatically stress, they are laws not just rules.

 

In Ar it is so common to see extremly fragmented mineral interests that leasing an entire unit is often impossible. As in LA, prices paid to state agencies is not really representative of the going rate.