No I have not been paid yet but spoke with my landman Thursday and he said he was in the process and was getting them to rush my payment thru. My Uncle also went with Pinebelt..we trust them so Im looking to see payment by the end of this month. We signed for $200 an acre, 3/16th royalty, 4/4 lease.
JB 13. For activity in your general area, I always ask Bird Dawg, plain ole idiot. He is extremely knowledgeable and stays current on activity. I don't know if there is any advantage in waiting. I always suggest that when you feel that you would be willing to enter a lease, take one week to find out all you can. Go to the parish Clerk of Court and ask to look at the Day Book. See what companies are active where. Check the lease terms and royalties in the recent leases. Do a Sonris search of an area at least five miles in each direction from your mineral tract. Read the threads not only in the Union and Claiborne Groups but also the Arkansas Group. Whatever bonus you accept do not accept an extension at a low price or better yet stick to a 3 year term. Good Luck.
Hello! I hope the site is a place for you to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. Since then, we have grown to over 10,000 members.
There are a couple things you should check out. 1) Check out current discussions. 2) Join in on the County and Parish Groups. By joining a County or Parish, you are networking locally with people who share similar concerns.
Be sure to read up on how to navigate the site HERE. This will help you get the most out of the site.
As 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