Replies to This Discussion

Permalink Reply by Joe Frederick Bilberry on August 22, 2012 at 13:50

The Lease is Titled as "Paid Up Oil, Gas and Mineral Lease"

Permalink Reply by Skip Peel - Mineral Consultant on August 22, 2012 at 14:31

Joe, there are lots of standard form leases in use by land and energy companies.  And I mean lots as in hundreds.  These days almost all are "Paid Up" meaning you get the bonus money covering the entire primary term up front in exchange for executing the lease. 100% of those leases contain language favorable to the company offering the lease.  An experienced O&G attorney can suggest Exhibit A language to override the boiler plate clauses contained in the lease based upon your particular circumstance.  It's good to know that TS Dudley/Southwestern Energy are still offering leases to any land owner.

Permalink Reply by Joe Frederick Bilberry on August 22, 2012 at 14:56

Dear Mr. Peel, Your response is very much appreciated. The Broker, Robert P. Bennett seems to have a good portfolio. I'm just wondering if Legal Section 28-22N-1E is in the vicinity of existing Union Parish Wells or proposed new Wells. Your input is greatly appreciated. Thanks again. Joe

Permalink Reply by Lisa Cherry on August 23, 2012 at 15:25

Our family received a Paid-Up lease as well and now we are looking for a good Oil and Gas attorney.  Sections 8-22N-2W and 17-22N-2W. All the owners are out-of-state. Any suggestions.

Permalink Reply by Skip Peel - Mineral Consultant on August 24, 2012 at 2:20

It most certainly is Joe.

Permalink Reply by Skip Peel - Mineral Consultant on August 24, 2012 at 2:21

Lisa, I would recommend Randy Davidson in Shreveport, 318-424-4342.

Permalink Reply by Lisa Cherry on August 24, 2012 at 3:33

Thank you

Permalink Reply by Joe Frederick Bilberry on August 24, 2012 at 3:56

Thank you very much Skip for the contact. Just here in the process of looking up O&G Attorney firms. Thanks again

Permalink Reply by Joe Frederick Bilberry on August 26, 2012 at 5:35

Lisa, I would also consider Attorney, Johnny Dollar at The Dollar Law firm, right there in Farmerville, LA, 715 Sterlington Highway, 71241. Telephone (318)368- 9500, email: becky.rogers@thedollarlawfirm.com. For him to handle this with your Landman would be a small fee when divided among the Aires. His input will make up the difference in getting more money on the leases, royalties and protection. He is down to earth and easy to talk to. You guys sound a lot like us by being spreaded all over the continent, LOL.

Permalink Reply by Lisa Cherry on August 26, 2012 at 5:41

Joe, no sooner than we received the offer to lease we were told that TS Dudley (i.e Southwestern) had budget cuts and were suspending leasing until next year or maybe forever. LOL.  Looks like we are on the tail-end of a lot of speculation.  Didn't even have time to find a lawyer, but I guess that is a good thing.  Yes, not one of us lives within a thousand miles of there, it is just old family land which we will never sell.

Permalink Reply by Joe Frederick Bilberry on August 26, 2012 at 5:52

Thank you for the information Lisa. I'll keep you posted on anything that I may gather. So, the Landman wasn't bluffing when he signed up four of my Siblings in Baton Rouge on Friday.

Permalink Reply by Lisa Cherry on August 26, 2012 at 6:09

Joe, what was he not bluffing about?

• ‹ Previous
• 1
• 2
• Next ›
• Page