Replies to This Discussion

Permalink Reply by Ron Goings on March 30, 2010 at 2:29

jffreel, Thanks for the info and the map I appreciate your input.

Permalink Reply by jffree1 on March 30, 2010 at 3:13

You're welcome.

Permalink Reply by Carter on April 2, 2010 at 5:59

Ron, NFX has paid at least $1,500 in that area recently. This is what I can confirm. Don't know if they will pay 2K though.

Permalink Reply by Ron Goings on April 3, 2010 at 7:33

Thanks Carter, I settled for $1,500.

Permalink Reply by adubu on April 4, 2010 at 14:32

Ron--if you are battling between 1000 and 2000 the most important is make sure the lease has all the good terms you want like 25% r , vertical and horizontal pugh clauses, pooling clause, and free royalty gas, etc to name a few--If you are new to leasing get a good oil & gas attorney to write the lease for you rather than the company writing the terms of lease. Yes you both then have to agree to terms. There are lots of post on this site about what terms make good lease for mineral owner you can review--look up on search of site

Permalink Reply by RBH on April 16, 2010 at 8:52

Newfield is partners with Petrohawk (Petrohawk holds a nonop. position after buying out other nonoperated positions in the acreage) in this area and acreage--another blog posted recently said Petrohawk had made an offer of $1000/acre and 25% royalty in the Patroon area and rejected a counter offer by mineral owner

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