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Permalink Reply by Real Simple on September 28, 2013 at 0:41

Mike Coyle; 318-254-8200

Mr. Coyle specializes in oil and gas leases. He himself is a large land owner with various leases. Most importantly he is a man of integrity.

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Permalink Reply by SALI EVANS on September 28, 2013 at 6:02

Integrity is rare.  Thank you.

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Permalink Reply by Skip Peel - Mineral Consultant on September 28, 2013 at 4:51

1. That's been the standard offer for all companies except AX Energy for almost two years now. Many savvy mineral owners accepted those terms although many also negotiated additional important and beneficial lease terms. Those leases were prior to commencement of development. In the last few months Anadarko has bid a quarter royalty onstate auction tracts.

2. Read UMI Basics, link follows. The only thing I would add is that UMIs don't receive a bonus and do not receive any production payments if a well does not produce enough to pay for the cost to drill it.

http://www.gohaynesvilleshale.com/UMI-Basics

3. Randy Davidson, Davidson Jones & Summers, Shreveport. Randy and the other O&G attorneys in the firm are quite familiar with this emerging play.

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Permalink Reply by SALI EVANS on September 28, 2013 at 6:02

THANKS SKIP!!

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