I work with a friend who is a real estate agent.Her company had an oil
and gas consultant talk to their group and he said get the lease ASAP
if you are satisfied with the offer because you literally could end up with
nothing because if you are paid royalties only,the gas companies will
keep your royalties tied up in production of new wells.He also said you
can make addendums to any standard contract to fit your needs. For instance the amt. you will be paid for shut in production of a well can
be from 25-100 dollars.Also if another company wants to lease your
land and drill 100 feet above or below the current lease you have ,you can by law lease under those terms.When you do sign the intent letter
for bonus money you can demand the payment at the same time they hand over the lease for you to sign for royalties.There are so many
things to learn.Let's keep the posts going.