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You should be able to get a 25% royalty and a larger bonus. SEE an O&G Attorney before signing anything. The royalty percentage is significantly more important than the leasing bonus, although you should be able to improve both sides of your offer.
Don't be in a hurry to sign. Time is on your side--as the play develops around you, you will get a better view of what is there, and how much it is worth. NEVER sign the first lease they offer you.
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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AboutAs 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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