Question on Lease option renegotion
The company we have our lease with has requested a drop in the price per acre by $500 and extend the terms from 3 years to 5 years. I want to know if anyone else has had to renegotiate the option to extend.
Views: 485
Replies to This Discussion
-
landownerPermalink Reply by kittycatmama on -
It sounds positive that they want to keep your lease. What parish are you in
-
landownerPermalink Reply by iwana nipper on -
See if they will pay a bonus for doing this change, won't hurt to ask.
-
Oil & Gas ProPermalink Reply by Dodobird on -
Who is the company trying to renegotiate?
-
landownerPermalink Reply by Joe Aldridge on -
Jennifer,
They currently have 2 drilling permits that were taken earlier this month. Both in St. Helena. Both are Denkmann wells in Sec 9,T1S,R6E. Evidently they are drilling from a pad.
What was your original lease for on a per acre basis?
Personally, I might lower the per acre amount but I would stick with the 3 years. I'm an old curmudgeon and want something drilled sooner than later.
Good Luck and Happy New Year
Click Forum and scroll down past the last discussion and click the "Follow" button.
Top Content
Groups
-
Natchitoches Parish
409 members
-
ALTERNATE ENERGY TECHNOL…
6 members
-
Bienville Parish, LA
253 members
-
Unleased Mineral Owners
287 members
-
Red River Parish
307 members
© 2026 Created by Keith Mauck (Site Publisher).
Powered by
