Has anyone received any offers to drill for natural gas/minerals? We received an offer to drill on 80 acres with a bonus of $1500/acre and 25% royalty for three years. We currently receive royalty payments from other wells drilled on contiguous land that we own next to the 80 acres. So there are producing wells in the area, but we have not signed any new leases in 8 years and the terms back then were much lower.
Any info would be much appreciated.
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For your acreage and general location, the lease terms are good. Of course, the devil is in the details beyond the bonus and royalty. Get a copy of the lease and have an experienced O&G attorney review it and draft an Exhibit A or changes to one if it is included with the lease, Good luck.
Thank you Skip. Do you have any recommendations for O&G attorneys in Louisiana?
We have a lease that we thought needed guidance from an attorney and used Lake Hearne in Shreveport, La. He was great.
Me too, Farmer. I highly recommend Lake Hearne @ Davidson, Summers APLC in Shreveport.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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AboutAs 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 |
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