"We are sooooooo close to signing with Standard Lithium— but just as we were finishing up, I heard there was a lease with percentage royalty applied to gross— not net.
We had given up on gross, and are still ready to sign a royalty on…"
Lisa 's Groups
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SMACKOVER LITHIUM GROUP …
7 members
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Columbia County, AR
39 members
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Franklin County, Texas
11 members
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Cass County, TX
121 members
Lisa 's Discussions
Arkansas Lithium Lease Royalties
12 Replies
Any news of the royalty percentage for Arkansas lithium leases? I’ve heard anything from 1.82 to 12.5%. Any deadline to decide?My land is in Franklin County, TX. We’re still deciding details of a…Continue
Started this discussion. Last reply by Skip Peel - Mineral Consultant Apr 2.
GeoFrame
3 Replies
Standard Lithium offered us a lease quite a while ago. We are getting closer to comfortable with the terms and assume we’ll sign eventually.Friends in a nearby town have signed with GeoFrame. I’ve…Continue
Started this discussion. Last reply by Lisa Mar 19.
Franklin County
21 Replies
I thought there was a group for Franklin County, but I guessed I dreamed it. Anyone interested? I know a bunch of us have been contacted by Standard Lithium for brine leases. Some have signed. We…Continue
Started this discussion. Last reply by Lisa Oct 10.
Lisa 's Page
Latest Activity
Lisa replied to Skip Peel - Mineral Consultant's discussion The Future of GoHaynesvilleShale.com: A question for members"I’ve been distracted so am behind on this conversation. I love coming here to ask an occasional question and learn from wiser and more informed folks than me (understatement). I would likely pay for a one-year or monthly subscription.
I would…"
Lisa replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"Our attorney is in the energy section of a very large law firm— but I think that means mostly O&G. Is H2S an issue in O&G? I think lithium is new to everyone.
I think our lease prohibits them from stepping on our property. Zero access."
Lisa replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"We have CLEAR no-surface-use language. But I was considering a second agreement to allow drilling on my land later. But I didn’t know about the H2S!!"
Lisa replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"I can’t see previous comments past the last four to go back and reread to take in what I should think about regarding the lease process.
Should I only concern myself with the H2S issue if I were to enter a contract letting them drill on my…"
Rock Man replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"H2S has shown to be present with Smackover production in Franklin County. Variable concentrations - all dangerous.
Remember it is Smackover water that will be produced for lithium extraction - good chance that this water will have H2S associated…"
Lisa replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"Y'all are way over my head. Will HS2 be an issue in the Franklin County area?"
Rock Man replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"Haynesville doesn't normally have H2S.
Perhaps this area is an exception?"
w.r. frank replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"As an UMO, I got charged my share as LOE for building a fence around ONE HA well because of H2S. Go figure and guess who? Sort of hard to put second home there. Do I get compensation for loss of use of surface?"
Lisa replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"Wow! H2S sounds scary and awful! Are there other types of drilling where H2S was an issue and it’s all been done safely?
There was question about Brine and other elements. Our attorney has a tight statement in our/his response. It’s…"
Rock Man replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"H2S = hydrogen Sulfide / highly poisonous gas
Very common in Smackover in your part of Texas
The GeoFrame lease clause @ royalty on geothermal energy is great to see!"
Lisa replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"What is H2S?
The GeoFrame leases near us include a royalty on the geothermal energy produced from the drilling process."
Rock Man replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"Good point about associated gas running plant and/or injection - compressor pumps moving the fluid .
Of course, any H2S in the gas will probably mean that gas will need to be treated / stripped of that content before it is put into power generation…"
Rock Man replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"Agree it will be interesting to see how lease language could evolve over time.
One thing that that may become an issue in the future is environmental clauses tied to penalties for H2S / sour gas emissions and odor on the surface
As well as any…"
Rock Man replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"I would add clause as to "cost free" for brine / lithium production and subsequent re-injection of the stripped fluids"
Joe B. Lovelace replied to Lisa 's discussion Last Lease Details in the group SMACKOVER LITHIUM GROUP – TEXAS"This is not legal advice nor is it wording added to an executed lease, as I could not come to an agreement with Cass County Brine, aka, Standard Lithium in 2021. It is here for discussion only.
Royalty. Lessee shall pay to Lessor a production…"
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