Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 30, 2018 at 13:20

Fishing expedition.  No where near fair market value. But it is time for Angelina County mineral owners to start looking for information on leasing and development.  When all is said and done I think some of the best Haynesville Shale rock will be found in Angelina.  Development progress has been slow but that is because of depressed natural gas prices and high well costs.  The Haynesville is quite deep in Angelina.

Milton, you will do much better posting in the Angelina Group than here on the Main Page (Shale Related Topics) and here is why.  When you post a discussion in a group every member of that group gets an email noticing the new discussion. Those are the members that you need to respond.  When you post on the Main Page you are hoping the right members see it before it rotates down and off the page.  So join the Angelina County group, scroll down to the bottom of the discussions you see on that page and click on Add a Discussion.  Then your discussion will appear on the Angelina County page instead of on the Main Page.

Use this link to go to the Angelina County Group page.

https://gohaynesvilleshale.com/group/angelinacounty

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Permalink Reply by Milton Hawkins on July 30, 2018 at 15:24

Many thanks for the advice and the suggestion regarding posting, which I have followed.  I knew the offer was way too low.  I've seen advice posted in 2017 for north Angelina area suggesting $250-350/acre for 20 or 22% for no more than three years.  Maybe a two-year option to extend at the same bonus or higher.  I heard just yesterday of an offer near Huntington for $500/acre and a 1/5 royalty.  But I'm not in a hurry and can stand to wait to see what happens.  -  Milton

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Permalink Reply by Skip Peel - Mineral Consultant on July 30, 2018 at 15:36

Good luck.

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Permalink Reply by Milton Hawkins on July 30, 2018 at 15:41

Thank you for the detailed information.  Manning is not far to the south of my property, so I can follow that closely.  And yes, the royalty is the more important thing.  Good advice there, too.  Friend request has been sent.  -  Milton

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Permalink Reply by lee on August 1, 2018 at 3:25

I have a friend leasing for BP, Milton you will be too far south for BP to be interested in.

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Permalink Reply by Mister Sunday on August 15, 2018 at 8:26

Get an O&G Attorney!

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Permalink Reply by Krkyoldhag on September 13, 2018 at 5:02

keep repeating this advice..it very important..

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Permalink Reply by Krkyoldhag on September 13, 2018 at 5:02

ask for much more and get a term limit for them to drill ..good luck

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Permalink Reply by EastTexasFarmer on September 14, 2018 at 1:50

There's zero competition in this area. Maintain low expectations when you ask for commercial terms (royalty / bonus) above market offer. Focus on non commercial terms that will improve the clarity and working relationship understandings within your lease contract. Agree with using an O&G attorney.

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