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Permalink Reply by Skip Peel - Mineral Consultant 3 hours ago

Lawrence, is Expand offering a new lease?  Was your prior lease a good one beneficial for you?  A little more information would be a step in the right direction for an informed answer.  If Expand didn't think your lease expired, there would be no need to pay you a bonus.  This is exactly the type of situation that is worth spending $300 or $400 for the services of an experienced O&G attorney.

No offense but there is no such thing as "a going rate".  Each instance is different and unique.  Your question on bonus brings up a number of other questions.  And if Expand is offering a lease, the bonus is the least important term in that contract especially considering your location in 30-12N-13W.  You only have that very low production well and Expand will likely drill nine (9) more wells in the future.  The bonus is chicken feed.   The royalty and other lease terms are where the serious long term revenue comes in.

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Permalink Reply by Lawrence Silver 2 hours ago

I really don't know what it going on. The last production on that well was in April of 2025. A landman called and said Exapand wanted to "rework" the one well in that section and wanted to give me $500 an acre for the "rework." It sounds like it won't be completed until after April 2026, so they are protecting their lease. Expand has asked for a hearing to drill a well that will extend 3 miles through Sections 30, 31, 25, and 36 in the Spider Field. I have acreage in all of them. I have just never had someone come and offer me money when they were going to rework a well.

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Permalink Reply by Skip Peel - Mineral Consultant 2 hours ago

Lawrence I don't know what's going on either and that's why I think the best move is to get help.  How do you know the last production was April?  Did you check the SONRIS database?  Or was that just the last royalty payment you received?  This raises a red flag for me.  Take your time, get as much information as possible and consider investing a little money with a good attorney that has had dealings with Expand.  The landman will never ever tell you everything you should know.

The Section 30 well has not met the production in paying quantities test since 2022.  That is why Expand is now trying to get mineral owners to enter a new lease or declare that their old lease is still in force.  Be very careful here.  There could be a lot of money at stake.

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Permalink Reply by Lawrence Silver 2 hours ago

I sold some of my minerals and had to get a revenue statement. The last production was on my June 30 statement, and none since then. I have an experienced O&G attorney in Shreveport, and I will definitely send him the paperwork when I receive it. I had just never heard of this and thought someone else might have been through it.

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