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Ryan--agree with Mike R-- have good attorney assit with writing and review lease-- with 90 acres net mineral it's worth every dollar in fee. Although would request what his fee is up front. The Bonus depends on what going on in area / your main money in ground and you have to have some one drill it to get the money. Find out who operator is before signing would not sign with some people like CHK, etc Nice to have90 acres net minerals in a possible producing zone :-)
Devon applied for a permit for Jame Lime Horizontal 8 miles NE of Lufkin
Has anyone in the San Augustine area been approached by XTO regarding leasing?
Yes, it is pretty much the same presentation from Nov. and Dec. I didn't look to see if I had already posted it and I sometimes forget what happened last month... or yesterday, for that matter.
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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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