"Rock Man, do a favor for those of us who just do not keep up with each drilling co. and their locations or Field names. Just the name of the parish, name of town, hwy no's or small community that this is close…"
"He was not exactly happy. He knew that several of his neighbors (all have sizeable acreage) had signed. He did try to negotiate a bonus of a little more than the $400 NOW, and wavier his right to any higher amount Amelia may…"
"The offer was to pay at least $400 or maybe more when the lease was sold. No bonus. I think they also have an option at the end of one year to renew at $400 bonus for 3 years. 20% royalty. I may have to tweak this a…"
John, ask for referrals to O&G firms in your general vicinity, there ought to be some in BR. What you want is an experienced firm that specializes in O&G. The reason for this is two fold. First, they can help you get the lease terms important to your particular situation, secondly, they may have other clients for whom they are currently assisting with leases in your area by companies active there. If you can't find a relatively local O&G attorney, I will refer you to mine. Although he is in Shreveport, he has already assisted clients to lease 40,000 acres for the AC. Good luck, Skip
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