Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 2, 2010 at 4:51

Joe, it's good to hear that there is some leasing activity in Marion County. I would suggest that you ask a few questions before you get into negotiations. Or, considering the size of your acreage, have an O&G attorney ask for you. I would want to know what company was planning to drill, Many times the company offering the lease is not the company that will drill. I would also want to know what formation(s)/depths they were interested in. Another good step would be a trip by you to the courthouse. Inspect the Day Book in the Clerk of Court's office for any leases this company may have recorded. Make a copy of one and then note other leases as far as location by survey.

Permalink Reply by Joe P on September 2, 2010 at 5:02

Thanks very much for the info. As soon as I get back with the Landman I will ask these questions.

Permalink Reply by Butterfoot on September 6, 2010 at 4:50

Joe, if you can, post the name of the leasing company, amount per acre they offered, royalty, etc. It would be a great help to those of us who own minerals in that area. Thanks, and good luck.

Permalink Reply by Joe P on September 7, 2010 at 23:58

Will do