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Permalink Reply by North LA on September 28, 2008 at 14:55

That answers my question. Was it legal at one time for O&G companies to buy land/minerals outright? There seem to be a lot of properties over the Monroe gas rock named after the O&G with the well. Thanks.

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Permalink Reply by Leslie on September 28, 2008 at 18:15

Go to google and google louisiana mineral right laws
and you will find it there
I know just enough to be dangerous ha ha ha
I like going there because you get the truth

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Permalink Reply by Leslie on September 28, 2008 at 14:46

The business is complicated and they dont want on the do do list
The companies are large
The little guys scarf up the leases and that is why they started clubs and
educational classes.
If you got 250 an acre and .25 royalty it is told that you are still doing good
the good part of 250 is if they drill you get the monthly check
now , you can go with a larger company and do a certain contract they will pay part of the going fee for your neighborhood and pay the rest when the lease is up if the company never drills.
If the company drills you would be getting the lease shortly thereafter
If you go to chk.com
chk.com has resources with a link to a club that teaches you what to look for and how to read your paycheck
and fiqure your check

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Permalink Reply by Leslie on September 28, 2008 at 14:48

Some companies are many states and many countries
the land lease companies are involved with us usually unless
you have a nice person in your are that will help you

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Permalink Reply by Leslie on September 28, 2008 at 14:49

the large companies are not all bad
if you research them
you can associate with the one that cares

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Permalink Reply by Rozzy on September 28, 2008 at 14:55

I am thankful for one that the O/G did not buy land including minerals. My aunts already screwed things up for the rest of the family and this would have been the nail in the coffin for the heirs. Yes, we were robbed with the amount of money the O/G company paid to lease our land, but we might have a way out of the contract.

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Permalink Reply by Rozzy on September 28, 2008 at 16:46

I will!!! I have a feeling this week will be a busy one for me...

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Permalink Reply by Kevin McCarthy on September 28, 2008 at 17:58

Would you rather pay $275 an acre for 3 years and get 75% of the royalties (IF the property produces) or buy the property forever at $3,000 an acre and get 100% of the royalties (if the property produces)? Risk vs. reward favors the lease---by far---and doesn't require massive capital investment by the E & P companies.

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Permalink Reply by North LA on September 29, 2008 at 3:34

That makes sense but everyone acts like O&G already knew that the leases were going to skyrocket so I would much rather pay $3,000 to own rather than $25,000 to lease.

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Permalink Reply by North LA on September 29, 2008 at 3:30

No. I was just saying that it seems the O&G companies would buy as much land as they could before trying to lease any so that they could get as close to 100% in royalties as possible. I just put (including minerals) to stress that land without minerals is usually worthless to an O&G company.

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Permalink Reply by BirdDawg, plain ole' idiot on September 29, 2008 at 13:41

Jim.
I'm sorry. I know he was Placid.

Permalink Reply by BirdDawg, plain ole' idiot on September 29, 2008 at 13:37

Jim, If he was Placid, he made a dollar or two in the Black Field also.

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