New Lease Offer - GoHaynesvilleShale.com2024-03-28T22:22:55Zhttps://gohaynesvilleshale.com/forum/topics/new-lease-offer?commentId=2117179%3AComment%3A3197399&xg_raw_resources=1&feed=yes&xn_auth=noNot bad but could use some ne…tag:gohaynesvilleshale.com,2014-01-22:2117179:Comment:31972522014-01-22T16:28:21.734ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Not bad but could use some negotiating. I prefer 3 year primary terms but would strongly consider 5 for a better royalty and bonus. Personally I would accept a 22.5% royalty and $500/acre for 91 acres. It would be good to know the energy company behind the offer and royalty and bonus are not the only important terms in a lease agreement. You've got enough at stake here to consider the assistance of an experienced O&G attorney.</p>
<p>Not bad but could use some negotiating. I prefer 3 year primary terms but would strongly consider 5 for a better royalty and bonus. Personally I would accept a 22.5% royalty and $500/acre for 91 acres. It would be good to know the energy company behind the offer and royalty and bonus are not the only important terms in a lease agreement. You've got enough at stake here to consider the assistance of an experienced O&G attorney.</p> Shale no Oil in Lufkin
Texas.…tag:gohaynesvilleshale.com,2014-01-22:2117179:Comment:31973992014-01-22T15:57:46.920ZRyan Mott Oliverhttps://gohaynesvilleshale.com/profile/RyanMottOliver
Shale no Oil in Lufkin<br />
Texas. 91 min acres.<br />
Offer $300 per acre<br />
with 1/5 Royalty No Option<br />
on 5yr lease.
Shale no Oil in Lufkin<br />
Texas. 91 min acres.<br />
Offer $300 per acre<br />
with 1/5 Royalty No Option<br />
on 5yr lease. I could be but there is no wa…tag:gohaynesvilleshale.com,2014-01-22:2117179:Comment:31973912014-01-22T15:35:14.448ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>I could be but there is no way to know without more information.</p>
<p>I could be but there is no way to know without more information.</p> Actually is 1/5 Royalty. Just…tag:gohaynesvilleshale.com,2014-01-22:2117179:Comment:31972282014-01-22T15:15:47.642ZRyan Mott Oliverhttps://gohaynesvilleshale.com/profile/RyanMottOliver
Actually is 1/5 Royalty. Just sering if fair market value.
Actually is 1/5 Royalty. Just sering if fair market value. It must be a mistake. Ryan,…tag:gohaynesvilleshale.com,2014-01-22:2117179:Comment:31971472014-01-22T14:24:02.386ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>It must be a mistake. Ryan, the lowest common royalty other than a specialty interest such as an Over Riding Royalty Interest (ORRI) was one-eighth or 12.5%. That is the historic beginning of wide spread oil development about 100 years ago and has improved over time. Modern royalty is in the range of three-sixteenths to one quarter but as more and more development is concentrated in unconventional reservoirs that range is one-fifth to one-quarter.</p>
<p>It must be a mistake. Ryan, the lowest common royalty other than a specialty interest such as an Over Riding Royalty Interest (ORRI) was one-eighth or 12.5%. That is the historic beginning of wide spread oil development about 100 years ago and has improved over time. Modern royalty is in the range of three-sixteenths to one quarter but as more and more development is concentrated in unconventional reservoirs that range is one-fifth to one-quarter.</p>