From what you have stated above, it sounds like the deed of acquisition for your property describes the 5 acre tract of land in Section 29 instead of Section 28. How does your tax assessment read? If your acquisition deed does indeed…"
"So a surface lease amount of $25 per acre, plus mineral of $250 per acre with % royalty. I know that Magnum Producing LP out of San Antonio drilled a prescribed well back in 8/2018 to extend a BLM lease holding LAES 059344X. This was…"
Property is just west of FH. Landowner was offered $250p/a and 20% royalty. Also, and I'm sorry for not mentioning this earlier, but it would appear that ReliaTerre is initially trying to acquire an option to lease because the landowner…"
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.
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