SHOULD I MARRY MY LANDMAN?
DO YOU TRUST YOUR LANDMAN ENOUGH TO MARRY HIM/HER?
A mineral lease has a longer life than most marriages. Since this document may be longer lasting than a marriage, why would you enter into it lightly?
Some may look at it with the dreaming eyed impetuous hopes or the same mindset as a teenager who would get married in a Las Vegas drive through Chapel. I’ve heard people say “it’s all free money, so why does it even matter?”. Nothing in life is free, so a little investigation will certainly limit problems farther on down the road.
At the other end of the spectrum, I heard someone make an inquiry as to how would water be distributed in the event of an unforeseen accident. I would compare this to someone who wants a resume, blood type and criminal background check before they would attempt to carry on a conversation much less contemplate dating. Although all matrimony is not bliss, this type of outlook will surely lead to loneliness in dating and leasing. There has to be some give and take.
I believe in the goldilocks method. Not too cold. Not too hot. Find a middle ground that you can live with and what the company can deal with. No pie in the sky hopes and not so many hoops that an acrobat couldn’t jump through.
But bottom line is, you are the only person that can decide what is “JUST RIGHT” for your circumstances. No amount of name calling or persuasive tactics should sway you in your decision. If the company won’t negotiate a fair deal, then they lose.
Just stick to the facts and eventually you’ll have a lease that you can live with. If not you’ll be receiving revenue instead of royalty. Lagniappe is lagniappe no matter how you slice it.
And just like marriage, it is probably worth consulting someone with expertise in the matter. In this case, I'd check with an attorney instead of your aunt Cathy (unless of course your aunt is an oil and gas attorney).
A mineral lease has a longer life than most marriages. Since this document may be longer lasting than a marriage, why would you enter into it lightly?
Some may look at it with the dreaming eyed impetuous hopes or the same mindset as a teenager who would get married in a Las Vegas drive through Chapel. I’ve heard people say “it’s all free money, so why does it even matter?”. Nothing in life is free, so a little investigation will certainly limit problems farther on down the road.
At the other end of the spectrum, I heard someone make an inquiry as to how would water be distributed in the event of an unforeseen accident. I would compare this to someone who wants a resume, blood type and criminal background check before they would attempt to carry on a conversation much less contemplate dating. Although all matrimony is not bliss, this type of outlook will surely lead to loneliness in dating and leasing. There has to be some give and take.
I believe in the goldilocks method. Not too cold. Not too hot. Find a middle ground that you can live with and what the company can deal with. No pie in the sky hopes and not so many hoops that an acrobat couldn’t jump through.
But bottom line is, you are the only person that can decide what is “JUST RIGHT” for your circumstances. No amount of name calling or persuasive tactics should sway you in your decision. If the company won’t negotiate a fair deal, then they lose.
Just stick to the facts and eventually you’ll have a lease that you can live with. If not you’ll be receiving revenue instead of royalty. Lagniappe is lagniappe no matter how you slice it.
And just like marriage, it is probably worth consulting someone with expertise in the matter. In this case, I'd check with an attorney instead of your aunt Cathy (unless of course your aunt is an oil and gas attorney).
Views: 72
Add a Comment
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Comment by Two Dogs, Pirate on March 19, 2009 at 16:20 -
Hey KB, you can drive my go-cart anytime.
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Comment by Jay Murrell on March 19, 2009 at 16:17
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Landmen do it with royalty
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Comment by Iris on March 17, 2009 at 10:57
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KB post marriage.review ..I liked my in laws better than my ex....unfortunately they died before marriage did. Parker, good blog I think I'll pass on the marriage & mineral lease. Never, say never.
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Comment by Two Dogs, Pirate on March 16, 2009 at 12:26
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I am a fun dog. Like KB, I don't believe that marrage would ever be right for me, besides I live like a pig, no one in their right mind would have me.
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Comment by GR BallouPE on March 16, 2009 at 10:59
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...and now that dog-gonned song is running thru my head!
Thanks, Ms. Parker.
Alan Jackson is quite a gasser himself,with a touch of devilment, my old Tennessee re-neck girl would say.
--George.
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Comment by Horseshoe Girl - a1 on March 16, 2009 at 9:07
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Parker -- ...or, "went to bed with a 10, woke up with a 2..."
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KB--Not sure if it was Riverstone, but I can find out.
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Comment by Bobi Carr ("parker") on March 16, 2009 at 8:06
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Horseshoe Girl,
That story reminds me of an Alan Jackson song:
The next thing I remember, I was hearing wedding bells
And standing by a woman in a long white lacy veil
I raised the veil, she smiled at me
Without her left front tooth
And I said, "Where the hell am I and just
Who the hell are you?"
She said, "I was your waitress (LESSEE)
And our last name's now the same
'Cause I'm married to ya, baby, and I don't even know your name."
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You can't be flipped in marriage, but you can in a lease. I heard a story Saturday at the dinner party involving a leasing agent from a company that was known to take leases for Petrohawk. The agent took a lease from a lessor with the implication that it would subsequently be assigned to Petrohawk. Instead it was assigned to a "Cousin George" company. I wonder who caught the bouquet?
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Comment by Cathaus on March 16, 2009 at 6:40
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Yea Parker, cause talk is cheap. If you say you gonna get horizonal with me, you better darn well have the proper rig to do it!!!
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