"That is good information. I remember getting that letter and understood about half of it. I never researched the permit personally, just heard rumors through the grapevine. I don’t usually listen to them but when I started getting phone calls…"
"The $100 and $200 amounts are just arbitrary numbers I used for the example. The actual offer is many many times that. The royalty offer was for 5 years but it was made clear that it did not expire if there was production from a well. The property…"
"Skip thank you for the link. It was very informative. I'll narrow this down to two of the three offer i have for reference.
Offer "A" is for we will use $100. The basic terms are to purchase 100% of my royalty interest for 5 years on…"
I know in the long run selling royalties is probably not the best idea. However I have received an offer and want to at least give it some consideration. This offer would allow me to sell out and move off and retire in the mountains somewhere. How do you go about making the determination if the offer is a fair offer or not? Currently there is no well in our section but one has been permitted. I’m assuming that is why they are making this offer now never have before. I have contacted the law…See More
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 13,000 members.
Because our network has grown word-of-mouth, I want to encourage you to invite your friends and family by clicking here.
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 a member, should you ever be on the recieving end of crudeness, rudeness or spam, let me know. The site is a peered monitored site and we need your assistance.
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