Replies to This Discussion

Permalink Reply by Joe Deerhunter on July 26, 2012 at 12:39

A relative may have just gotten a similar offer.  Bonus was only $75/acre and 3/16 royalty, but specifically shallower than BD.

I wonder:  Who is the company, and what's the bonus they offered? 

What are the chances of numerous landowners holding out for a better offer?

SWN's recent standard offers of $300/A and 1/5 royalty in Columbia County seem pretty attractive now.

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Permalink Reply by Ronnie Langley on July 26, 2012 at 15:43

I rather not name the company, but the bonus offer was $50/acre which I declined.

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Permalink Reply by Cary Miller on July 26, 2012 at 17:46

I would advise using an experienced oil and gas attorney.   Ours charged us $150, and helped us negotiate a much better deal and drew up a professional lease.   These things are complicated.   You need someone watching out for your interests.   It could save you a lot of money in the future.   JMTC

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Permalink Reply by Skip Peel - Mineral Consultant on July 27, 2012 at 1:37

I agree that it's a good idea to consult an experienced O&G attorney.  I recommend Mathew Shepherd at the firm Thomas, Hickey & Shepherd in El Dorado.

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Permalink Reply by Cary Miller on July 27, 2012 at 10:48

Thank you, Skip.  That's good information for this board.

We have mineral rights in Mississippi.

I work in the legal field, and I am always amazed to see people try to deal with a situation that is obviously outside of their realm of knowledge, and involves a good bit of money, and they try to save a buck and negotiate it themselves without professional help.   Many people have no idea how much money an attorney can make/save them in the long run.   It would be like trying to operate on yourself.   It's my belief that you always need your own advocate, and you can't expect someone else to be protecting your interests until you retain their services.

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Permalink Reply by Ronnie Langley on July 27, 2012 at 11:06

Thank you, Skip and Cary. I have a appointment with an attorney in Union County next week.

Ronnie.

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Permalink Reply by Ronnie Langley on August 7, 2012 at 6:58

I just made a good deal on the lease thanks to your advise to consult with attorney.Thanks again Cary and Skip.

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Permalink Reply by Cary Miller on August 7, 2012 at 7:17

I am very pleased to hear this.   Good luck!

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Permalink Reply by RR on August 8, 2012 at 14:52

The same holds true for negotiating pipeline r.o.w. leases. Seek help!

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