New lease offers in Bienville Parish

Has anyone received any offers to drill for natural gas/minerals?  We received an offer to drill on 80 acres with a bonus of $1500/acre and 25% royalty for three years.  We currently receive royalty payments from other wells drilled on contiguous land that we own next to the 80 acres. So there are producing wells in the area, but we have not signed any new leases in 8 years and the terms back then were much lower. 

Any info would be much appreciated.

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Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on January 8, 2019 at 9:23

For your acreage and general location,  the lease terms are good.  Of course, the devil is in the details beyond the bonus and royalty.  Get a copy of the lease and have an experienced O&G attorney review it and draft an Exhibit A or changes to one if it is included with the lease,  Good luck.

Permalink Reply by Pat on January 8, 2019 at 9:38

Thank you Skip. Do you have any recommendations for O&G attorneys in Louisiana?

Permalink Reply by Farmer on October 10, 2019 at 8:12

We have a lease that we thought needed guidance from an attorney and used Lake Hearne in Shreveport, La. He was great.

Permalink Reply by Skip Peel - Mineral Consultant on October 10, 2019 at 8:45

Me too, Farmer.  I highly recommend Lake Hearne @ Davidson, Summers APLC in Shreveport.

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