landowner

Leasing questions

Nothing about the Haynesville Shale play seems to be normal.I recently was talking to a landowner in my area.He told me that two companies were already contacting him about leasing his land. The only catch to this is all leases arround us were done before the play boom. They are for the same terms which don't end till Dec. I didn't really belive him till I started to be contacted. Is this normal that a company would put out money before they know the other company is going to do something brfore the lease terminates and what is the catch if any.Is it possible for a company to create a unit, get  a permit,and drill in this short period of time.

 

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 9, 2010 at 11:52
TW. It sounds as if you are describing "top leases" and top leasing is not unusual nor unique to the Haynesville Shale Play. The companies offering the top leases are betting that your current lessee can not or will not drill a well to hold their existing lease.

landownerPermalink Reply by THOMAS WALKER on March 9, 2010 at 12:16
I been around the oil fields all my life and I have never seen anything like the last three yrs here in this area.This site is very imformative and i read it several times a day just trying to keep up with what's going on. Thank You all for the input.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 9, 2010 at 12:23
Thomas. Depending on the location of your minerals and the details of the offer, a top lease may be an option worth considering. You're welcome.

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