Hello, I'm completely new to the leasing business and have a question or 2. I was recently contacted by JB Land Service w/an offer of leasing my part of an undivided property. The other family member involved, which has controlling interest of the property, already signed a lease w/JB Land. I've been told by a friend that I would probably be better off if I didn't sign a lease since my portion of land is small and undivided. I believe their point was if I wasn't under a lease the land company would still have to pay me if any production was made. My question is would I be better off signing or not signing the lease. I've read over their terms and they seem to be what's on the table for everyone, $300. an acre for 3 years. I've talked w/neighbors in the community and they have been signed as well w/JB. Any help and/or advice would be greatly appreciated!!
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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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