Long Term Lease

I have property that was leased by my grandfather for 99 years. I believe that it was initally with Exxon Oil Now it is with Marathon Oil? The property is on both sides of Hwy. 79. Is there any drilling going on around that area. It is right on the borderline of Haynesville going into Arkansas. Do you think I have not heard anything because of the longterm lease that my grandfather signed? Please let me know if there are others that are having the same problem. I have approximately 170 acres.

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Permalink Reply by Mac Davis on December 6, 2010 at 11:10

Is this property in Arkansas or Louisiana?

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Permalink Reply by The_Baron on December 7, 2010 at 8:20

Probally too far north for HA.

Ownership of the lease could vary, look at what producing wells are holding your lease, who is the operator?

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About As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More	Links About General Info Guidelines Supporters Donate Advertise Subscriptions Contact us

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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