Leasing activity J. Chumley AB75

Does anyone know the going bonus and royaly rate to expect in this area? (J. Chumley AB75 on FM 353).  I have been contacted by a landman offering 1,000/acre @ 20%.  I received a much higher offer on my land in Shelby county 6 months ago.

Views: 20

Replies to This Discussion

Permalink Reply by 5thGenTexan on January 7, 2011 at 4:35

I would not take less than a "no cost" 25% royalty with Pugh clauses etc. 

 

I have been told that "leasing is a full contact sport".  Everything is negotiable.  Do not sign their lease.  Have an oil and gas attorney draw up the lease and nogotiate from there.  Do not get in a hurry.  What you sign will likely be in place the rest of your life.  The lease language is what is important, the bonus money is just icing on the cake.

 

 

RSS

Support GoHaynesvilleShale.com

Top Content 

1 "Rebalancing Volumes"

"Rebalancing Volumes"
2 BPX hits it out of the park with 3 Bossier Parish CULs

BPX hits it out of the park with 3 Bossier Parish CULs
3 Lithium Brine Lease letter from Red Oak East, LLC - Location Cass County, TX, near Naples, TX

Lithium Brine Lease letter from Red Oak East, LLC - Location Cass County, TX, near Naples, TX
4 Texas Smackover Lithium Play

Texas Smackover Lithium Play
5 Tariffs, Financial Uncertainty Complicate Data Center Development

Tariffs, Financial Uncertainty Complicate Data Center Development
6 Why powering data centers with gas fired electricity comes with problems

Why powering data centers with gas fired electricity comes with problems
7 Watch Skip Peel's Interview with the University of Minnesota on the Haynesville Shale

Watch Skip Peel's Interview with the University of Minnesota on the Haynesville Shale

Blog Posts

Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

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…

Continue

Posted by Char on May 29, 2025 at 14:42

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service