Columbia County, AR

All things pertaining to leasing, drilling and production in Columbia county.

Albemarle brine/O&G lease offer 2023

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!