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GoHaynesvilleShale.com is where mineral owners, landowners and oil & gas professionals discuss the Haynesville Shale, Austin Chalk, Terryville Complex, Tuscaloosa Shale, Lower Smackover Brown Dense and lithium plays. Ask questions, share what you know, and keep up with activity in your parish or county. [ Read More ]
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landownerEric Polansky said…
Oil & Gas ProSkip Peel - Mineral Consultant said…
Elizabeth, you can attempt to negotiate on the 4 year primary term and 3 year extension option if you wish but I doubt you will get a sufficient bump in bonus to make it worth your while. The most important term is royalty and I know some who have gotten more. I think that 22.5% is acceptable for modest size acre totals Of course not knowing how many acres you own I can't offer any specific suggestions.
Oil & Gas ProSkip Peel - Mineral Consultant said…
Elizabeth, you'll have to supply some basic information for me to offer an opinion. How many acres do you own, where located and what is the lease offer.