I am in North Caddo and received a letter from the above company. Has anyone had any dealings with them. I have no knowledge of this business and am seeking advice. We have less than an acre.
This is their offer: Is this good or bad! Help!
Our lease offer consists of one of two choices:
This offer is for a 3 year paid up lease with a 2 year extension at 2/3 of the initial bonus. Attached is an example of our lease form for your review.
Thanks
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Permalink Reply by Iris on Thank you, Les, interesting to know that property nearby and in same unit is still looking to purchase or ?? new leases. When we leased 2years and maybe three months ago, gas was pricing high. I opted for higher % but lower leasing bonus. Since pricing went down from then I and we have received no royalties. Now at my age I would have opted for more bonus and less royalties. But that's me at my age. There is a clause that will pay me (and other family) 1k an acre if they choose next year and the year after. Good luck on your 25% if that's what you want.
Permalink Reply by Les on USG came up to 22.5% royalty on my 1-acre lot and I signed. Be curious if this suggests there will be drilling soon in this section.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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