landowner

jw porter is pushing family to sign lease

we have land sec 24 township 10 range12 west 40 acres the offer is 7500 per acres my family in louisiana were approached in august 2010  we the family members in california did not get leases until december 6, some family members have signed lease before hiring a lawyer. jw porter is now pushing us in california to sign by saying the offered will drop to 2500 if the lease is not return by jan ,20, they have also section our land causing a conflict on who gets what portion land size stating this is louisiana law. ifeel we should keep this 40 acres whole maximizing our land value. Is anyone having this problem.

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Oil & Gas ProPermalink Reply by The_Baron on January 10, 2011 at 9:00
life must be hard when you dont have any punctuation on your keyboard must be the economy making people cut back or is it like when western union would charge for telegrams and people would cut out whatever they could to keep the cost down

landownerPermalink Reply by arthur jenkins on January 10, 2011 at 9:04
not as smart as u  sorry

Oil & Gas ProPermalink Reply by The_Baron on January 10, 2011 at 9:05

Now that I have had my fun,

 

They will find each individuals interest in the acerage, based on LA heirship laws. If you want to keep the acreage together, you will need to file the appropriate paperwork with the clerk of court. If the interests are broken down due to a succession, whether intestate or not,  then you will have to bring the peices back together, probally with the help of an attourney.

 

They have every right to drop their offer, whether or not you choose to believe them or feel like you are better off signing or waiting, its up to you. They are just trying to motivate you to sign.


landownerPermalink Reply by arthur jenkins on January 10, 2011 at 9:17
MR Baron thank you for your response. just don't want my family thrown under the bus.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on January 10, 2011 at 9:35
arthur, there are portions of the lease more important than the bonus.  And a $7500/acre bonus offer is most generous for minerals in a 40 acre tract anywhere in the Play at this time.  The bonus is fine in my opinion just have an attorney review the language in the lease being offered.
Permalink Reply by Linda Whatley on January 10, 2011 at 9:54
ditto

landownerPermalink Reply by arthur jenkins on January 10, 2011 at 9:54
these are answers i need thank you
Permalink Reply by Linda Whatley on January 10, 2011 at 9:46

arthur jenkins,

 

Nobody wants to be taken advantage of, especially when it comes to leasing their mineral rights.  Having said that, the experts on this site have a lot of knowledge, and they are very willing to share it with you, although they do like to "poke" fun sometimes.   ....  loved your response!

 

LJW


landownerPermalink Reply by arthur jenkins on January 10, 2011 at 9:59
got to remain cool under fire plus i have a poker too.
Permalink Reply by Linda Whatley on January 10, 2011 at 10:13

Good luck with your lease, and I hope you get a really good well soon.


landownerPermalink Reply by Henry on January 10, 2011 at 12:52

arthur,

you haven't told us (but I can guess)...  what a*****e of a company is behind JWPorter, using these sleazy tactics?


Oil & Gas ProPermalink Reply by Two Dogs, Pirate on January 10, 2011 at 13:38
Henry I wouldn't call it sleazy tactics. This kind of thing happens all the time across the board with many companies. The bonus sounds like top dollar to me. I can't see the sleaze in giving a timeline in doing the deal. I can't get a grip on what Mr. Jenkins is trying to convey with the last portion of his post but it sounds as if he is not happy with the division of interest that Porter came up with. Porter can only go by the courthouse records in determining mineral ownership at this point. We don't know the whole story, only Mr. Jenkins side.

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