Advice on Leasing
I could use some input/advice. We recieved a letter from Pride Oil & Gas Properties Inc, on behalf of Encana Oil & Gas, wanting to lease two lots that total aprox half an acre. The offer is $5000 bonus for Primary Term/per net Acre, for 3 yrs at 25% royalties. The well has already been drilled and is waiting on Pipeline, well Serial # 240710, is this a fair offer, should I or could i possibly negotiate a little higher bonus, or stay unleased or just accept their offer. Thanks for any Help.
Harold
Harold
Views: 142
Replies to This Discussion
-
Permalink Reply by Skip Peel - Mineral Consultant on -
Shirley, the maps would have come from Jay.
-
Permalink Reply by J. Michael Landry on
-
This sounds like a standard offer, neither higher or lower from what I've seen in the area. It's the royalty that counts.....it's the royalty that counts!!!!!!
- ‹ Previous
- 1
- 2
- Next ›
Support GoHaynesvilleShale.com
Top Content
Not a member? Get our email.
Groups
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
-
Fayetteville Shale
149 members
-
North Caddo Parish
358 members
-
Central Texas Gas
63 members
-
Cass County, TX
119 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
