Lease bonus/terms

Any ideas on deep rights lease bonus/terms for Harrison County.   Starting to get some offers and was wondering.  thanks, jh

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Permalink Reply by JHH on September 12, 2016 at 2:10

Thanks Kathy.  we were offered zero bonus at first... now it's $250/acre....1/4 royalty.  we recently got $500/acre...1/4 royalty from another company.

Permalink Reply by JHH on September 13, 2016 at 15:00

Thanks Kathy.  I'm not ashamed to ask... what is "free carry"?

Permalink Reply by NANCY LENAU on September 27, 2016 at 13:47

Thank you Kathy for this information !  I have never heard of this Clause.

Permalink Reply by Keith Mauck (Site Publisher) on September 16, 2016 at 7:22

May want to post in here if you haven't yet - http://www.gohaynesvilleshale.com/group/harrisoncountytexas

Permalink Reply by Skip Peel - Mineral Consultant on September 27, 2016 at 15:08

Free carry is another name for a no cost royalty clause.  Beware - regardless of the name of the clause, not all versions will accomplish what the lessor expects.  There is a lot of devil in the details.  If you want to have one that will stand up in court, it should be drafted by an O&G attorney that litigates and understands case law for that particular state.   

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