All things pertaining to leasing, drilling and production in Columbia county.
Hello, Columbia County!
Excuse the redundancy. I apparently posted to the main page rather than this group. So, I'lll repeat myself a bit here. Some of you may recall that I have some family property near Atlanta, and additional bits and pieces of mineral rights,
I've been off the forum for a few years, but I still own some property and mineral rights in Columbia and Lafayette counties. what prompts me to post (after the long spell of inactivity}, is that Albemarle sent me a lease offer for some rights I have over near Village. Apparently I already have brine rights leased to Albemarle, or to Lanexess (Great Lakes), On this particular 40 acre parcel, I have 7.5 net mineral acres. I assume I have no surface rights in this spot.
What is different is that this lease offer is for incidental harvest of oil and gas encountered while developing a brine well. Albemelse is offeriing $100 per acre, 3/16 royalty, for a three-year term.
my questions are:
Is this pretty standard these days in Columbia County?
Is it worth it to get lawyers involved over this small a holding?
Is it possible for the owner (me) to gain anything by calling Albemarle's land office and asking for more bonuss. royalty, or both?
Wishing you all well, try to keep cool!
chattykb
Jul 25, 2023