Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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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.
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.