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Permalink Reply by Mary Hall on May 1, 2022 at 14:15

Is there anyone that has any input about these numbers for a lease agreement?  And then I think how does a landowner ever know what is fair, right and real with the royalties?  How and where do you find information to be your own advocate?  Or do you need an oil gas attorney?  Which I don't see that being money spent well either.  

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Permalink Reply by Skip Peel - Mineral Consultant on May 1, 2022 at 14:40

Mary, with less than acre, your choice is to take the best offer on the table, $500 and a 20% royalty, or get forced pooled.  This is the current realty.  It has no  correlation to lease offers in the past.  I wish I could give you some alternatives but the truth is you have zero negotiating leverage.  Don't spend any money on O&G attorneys.  It isn't worth it for less than an acre.  Take the offer and hope for good wells.  At less than an acre it will be modest income which is still better than none at all.

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Permalink Reply by Mary Hall on May 3, 2022 at 4:57

Thank you so much Skip, that's what I thought also.  But surely was hoping for better.

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Permalink Reply by Skip Peel - Mineral Consultant on May 3, 2022 at 5:19

You're welcome, Mary.  Good luck.

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