Shelby County, TX

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All things related to the Haynesville Shale in Shelby county.

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Leasing offer in Shelby County.

by Henry Nease

Jan 8, 2016

Have 275 acres between Tenaha and Center, highway front property. Was made an initial offer of $100 per acre 3/16th royalty on a 5 year lease with 2 year option to renew. Does this sound like a reasonable offer or a lowball? I don't have much insight into the oil/gas industry. Any helpful comments are welcome. Thank you for your time
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    Henry Nease

    I'm waiting to find out which company or who it is making the offer as well. My uncle was just contacted about it yesterday. As soon as I hear more I'll share the info. I'd like to know as much as I can for negotiating as well.
    1

    Jan 8, 2016

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      dbob

      That area is generally considered to be a poor rock quality for a shale well, but maybe they are looking for something conventional. 

      Jan 8, 2016

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        GoRicky

        Yes - Don't have land, but own some minerals in the general area.  It depends on which survey your land is in. There's a little bit of activity now - do you have a description of the land? - GR

        Nov 24, 2017