What is the going price per acre  for oil and gas lease?  Anyone knows

Views: 609

Reply to This

Replies to This Discussion

Solicitations are not allowed in Main Page discussions.

Solicitation Policy

If you have a commercial interest, we want GHS to be a place where you can network and build on your efforts. So, we are again making some changes to our solicitation policy.

Last November, the no-solicitation rule was lifted in the county groups; members are now able to freely promote in the county groups without concerns of violating the GHS' solicitation policy. The reason for the change is that it has become evident there is a need for a place where members can promote their minerals or services. The ideal location for this is in the county groups. 

In addition to this we are making another adjustment. As of today, April 25, 2014, we are changing the solicitation/promotion policy with respect to one's profile picture, profile name and profile page.

Summary

Promotion CAN take place in the following places

1.  County & Parish Groups (indicated with "County" or "Parish" in its title)

2. On your "My Page."

3. In your profile picture (i.e. you can use a company or business logo)

4. In your profile name you can use a business name (i.e., American Energy, LLC is acceptable, but "I want to buy your minerals" is not.)

Promotion CANNOT take place in the places 

1. Home Page Forum or any group that DOES NOT contain "COUNTY" or "PARISH" in its title. 

GHS still retains the right to delete any post(s) not in its best interest. 

Thank You

Keith

So sorry about that. Will comply in the future.

Willie, did you get the notice letter from SWN Production (Louisiana) for the 5 wells in Section 13 and the NW/2 of Section 24.  There is no such thing as a "going price" for lease terms.  Every instances is unique and yours provides you with some leverage if/when you receive an offer to lease.

I am new at this and don’t want to get burned by big oil.

Willie, your post doesn't apply to the no solicitation policy.  And Texas Cajun can offer opinion and suggestions but can't post a phone number or an email address in a Main Page discussion.  Those members who wish to communicate may post to their own pages and phone numbers and email addresses are allowed on the "group" pages.

SWN is the company that operates the existing well in Section 13.  I assume that you have a small acreage interest if you haven't been offered a lease previously.  As I mentioned above, SWN has approval from the state to drill additional wells that include Section 13.  Therefore they may want to offer you a lease.  It is doubtful that any other company would want to lease you at better terms than SWN.  You will want some basic beneficial and protective clauses in your lease but your negotiating power is limited.  Since you own minerals in the unit, you are already force pooled and are considered an Unleased Mineral Interest (UMI).  Your options are limited but in my opinion it is better to be leased.

RSS

Support GoHaynesvilleShale.com

Blog Posts

The Lithium Connection to Shale Drilling

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…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service