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.
386 members
97 members
59 members
399 members
242 members
172 members
455 members
118 members
87 members
10 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
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 |
Links |
Copyright © 2017 GoHaynesvilleShale.com