landowner

I'VE BEEN APPROACHED TO LEASE BY ENERQUEST LAND SERVICES TO LEASE... SHOULD I LEASE??

I have never heard of Enerquest Land Services and don't believe it's an operating company but I was approached to lease my acreage in DeSoto for $750.00 an acre + 1/5 royalty for 2 years plus an extension of 3 years. Should I lease?? Any recommendation about what leases are going for these days and if I should accept the offer will be appreciated... Thanks. 

Tags: DeSoto, Haynesville, Leasing

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on February 1, 2015 at 16:38

I don't think such a clause would be acceptable to the vast majority of energy companies.  I have seen clauses prohibiting assignment to any company associated with a particular individual but that was a rare, localized situation.  Although a mineral owner is free to ask for whatever they wish, in this case I don't think such a clause should be a priority.  The chance of these particular leases being assigned to Chesapeake would be extraordinarily slim in my opinion.  It would take a very large mineral interest in a hot play for any decent size operator to consider such a prohibition. 

Permalink Reply by rodney e. fortenberry III on February 3, 2015 at 5:23

Counter with  1/4 royalty see what happens but don't know if this is a good offer for your area. It could be due to down prices.

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