We own the rights. We must ban together to get a fair price.
First step.
Determine a fair price.
Second Step
Ban together to get that price. It is simple.
If ALL landowners work together through a consortium and do not deal with any brokers directly we can get that price. Remember, they need the mineral rights, we have them.
As long as we stick together we hold all the cards. The more who divide and go their own ways the less brokering power a consortium will have.
Determine a fair price.
Second Step
Ban together to get that price. It is simple.
If ALL landowners work together through a consortium and do not deal with any brokers directly we can get that price. Remember, they need the mineral rights, we have them.
As long as we stick together we hold all the cards. The more who divide and go their own ways the less brokering power a consortium will have.
Views: 48
Replies to This Discussion
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Permalink Reply by Kevin McCarthy on
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Nice looking dog---good advice, too!
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Permalink Reply by Rob on
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The pooch is a Snoodle, schnauzer/poodle mix.
Best dog I've ever owned, and doesn't shed a lick...
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Permalink Reply by Johnson on
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Many in this area are skipping the first step....and going strait to the second step without enough info....(see Dogwood HOA)
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Permalink Reply by ChelleA1 on
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Hello Kevin just curious did or does Ft. Worth have a site like this one?? I'd be interested in the reading of all landowners thoughts,
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Permalink Reply by Cathaus on -
Rob,
If were only that easy. People in any consortium will and do jump ship. There is no way that you can keep everyone happy. It is just a matter of fact. People get scared, weary or just plain complacent, throw up their hands and take their first lowball offer or sign a contract with the first "reputable" agent that offers to take care of all of the negotiations and grunt work for a MERE 4 or 5% of their hard-earned bonus money.
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http://360nw.info/ I know this was posted right above but I went in, read alot and liked what I saw about banning together You all if had not already should take a look at this site They've managed to do in such a large area such as metropolitan Ft.Worth Arlington looks like other place in that locale also-what needs to be done here but like Kassi said She can't handle all this herself Seems like a team would be nessesary also a website to handle it and if a team were to take say just 1- 1/2% and equally split those proceeds or even better design the leases from different companies that are leasing in a peticular area only to contain exactly what is desired from a landowner by that I mean pugh (?) clause, favored nation whatever may apply to that sections lease and royalties at 27% no lower they will be taking more than gas NO WATER they'll want to lease thatlater possibly........If it sounds stupid sorry I've tried!!! Ideas are hard to come by sometimes!! But if a few of these wonderfuly inteligent people that we've been fortuante enough to hear from on this site would get together and come up with a plan to execute directly to O&G for the PEOPLE.......Getting even 1% of the lease bonus seems like incentive enough that's a wheelbarral of $$$$$$$$$$ in the end!!
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I guess I'm off the 30% or so royalty kick but look at what they will be getting...Not just your GAS!!
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From an article in today's Ft. Worth Star-Telegram:
The Louisiana Mineral Board took in a record $48.7 million this month, almost all of it bonus money on eight leases in the Haynesville.
The mineral board, which negotiated the leases on behalf of local governments, said the previous record, $35.8 million, was set in June.
"This $48 million from the lease sale this month, and with $46.4 million coming from the Haynesville Shale play, makes it the highest single lease sale for the state in mineral leasing since the early 1980s," Louisiana Gov. Bobby Jindal said in a statement.
Those signing bonuses are impressive compared with what has been going on in the Barnett.
Caddo Parish, which includes Shreveport, received $30,212 per acre for 585 acres for a total of $17.6 million with a 30 percent royalty.
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Hmm so the gov can get 30,000+ per acre, but the citizens have to settle for $5000.00? Maybe the government had gold under their acreage too.
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Permalink Reply by Count of Monte Cristo on
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If by landowners, you mean owners of large acreage tracts (100+ acres), then maybe. But if you think that the oil company is going to mind that much if your .25 acre lot is not leased on a 640 acre well, you probably have another thing coming. The real money is in the royalties anyway, so yes try to get a good lease bonus, but mainly ensure that the royalty % is good. Otherwise, if you hold out and don't sign, it might be many years till you start to get royalties until the well is paid for. And anyone who has taken introductory finance courses can tell you that a dollar today is worth more than a dollar next year because of inflation, the time value of money, opportunity costs, etc. So missing out on royalties possibly for years has a bigger cost than you realize.
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