Never, ever, ever sign with a "landman" unless he/she is an EMPLOYEE of one of the major players (like Chesapeake, Goodrich or Petrohawk).
If you don't own 10+ acres and live in a residential neighborhood, get your neighbors together, pick a 3-4 person group you trust and have them negotiate directly with the major players on your behalf.
fyi: Depending upon the area, the average price in Ft. Worth has stablized at about $20,000 per acre signing bonus + 20 to 25% royalties going forward.
We've been dealing with this for 3 years instead of 3 months. As Walter Cronkite used to say: "That's the way it is."
Tags: barnett, chesapeake, goodrich, haynesville, landman., petrohawk, royalties
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