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Permalink Reply by Martin on Hire a good oil and gas lawyer. If you I've in Louisiana, I recommend Summers in Shreveport. He did my leases and I have been quite pleased. And it is not very expensive.
Remember, Indigo has negotiated many leases.
Permalink Reply by Jared Singletary on Permalink Reply by Martin on Yes. He was a major help with negotiating with the Chesapeake landsman and he wrote both leases.
Permalink Reply by Skip Peel - Mineral Consultant on Ditto on Grant Summers. You don't need a lease form, you need an exhibit A addendum. Terms in the addendum will override those in the lease form. Let Indigo use their lease form and get Grant or one of the other O&G attorneys at his firm to draft an exhibit A for your specific needs..
Permalink Reply by Jared Singletary on Ok thanks. Someone I know recommended him too so he must be the man. Thanks.
Permalink Reply by Skip Peel - Mineral Consultant on Grant and the attorneys in his firm have had many dealings with Indigo. Indigo's legal department knows the firm quite well. That is helpful in getting the bs out of the way quickly and getting to the basic mandatory lease terms. I would decide my priorities, express them and then follow whatever advice he gives. In most cases there are a short list of beneficial and protective lease clauses that are not included in a standard lease form but can be addressed in the addendum to the lease.
Permalink Reply by Jared Singletary on Good to know. I don’t speak lawyer but even I knew this lease was bad. They might as well have owned the land the way it was worded.
Permalink Reply by Jared Singletary on Thanks for the suggestion of Davidson and Summers. They have been very helpful and pleasant to deal with. Indigo has doubled their original bonus offer also. Quite pleased.
Jared
Permalink Reply by Skip Peel - Mineral Consultant on Very good. And not the first time that has happened. Indigo knows the firm quite well.
The History of GoHaynesvilleShale.com
GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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