landowner

Any leasing activity in my areas?

I live in Michigan and recently inherited some land in Claiborne Parrish (see below).  Does anyone here have property near me that has been leased?  If yes, at what terms?

 

Any and all assistance and information will be greatly appreciated.

Sec 29, T 20N, R 6W 1 acre
Sec 12, T 19N, R 7W 50 acres
Sec 4, T22N, R8W (undivided 1/2 interest of 60 acres)
Claiborne Parish

I have not yet been contacted with any lease offers. I just talked to the tax assessors office and they told me that when a company is ready to drill in your area they will contact you. Is this the standard procedure?  Please excuse my ignorance, I am glad I found this site.

 

THANKS!

Michael

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Replies to This Discussion


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 13, 2013 at 8:11

The nature of your surface should govern the damage terms. Timber, agriculture, etc.  I'm not up on current values/offers.  However you can search in the archive for discussions using "seismic" as the key word and cull through the listed discussions.  Since you are interested in damage wording instead of price paid many of those discussions should be applicable regardless of when they were posted.  I wouldn't necessarily judge the cost of legal help against the amount of the seismic bonus.  I would judge it against the potential damages to your surface holdings.  Good Luck.

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