Replies to This Discussion

landownerPermalink Reply by Landowner on September 2, 2009 at 1:26

I would not sign the lease until the royalty amount is changed to 1/4 on the document. What company are you dealing with?

Oil & Gas ProPermalink Reply by Jo Hn on September 2, 2009 at 9:06

Bob McKellar with McKeller Oil & Gas is the operator that has made the offer on our 25.5 acres (for the deep rights).

Oil & Gas ProPermalink Reply by Terry L. Antee on September 2, 2009 at 3:20

I know for a fact of one landman who was changeing the royalty and keeping an interest for him self. Make sure what you sign says what it is suppose to and keep a copy of it.

Permalink Reply by JT on September 7, 2009 at 7:48

Don't sign that lease, $ 1500 and 20 % is to low. It's funny how mistakes are always in their favor.

Oil & Gas ProPermalink Reply by Jo Hn on September 7, 2009 at 8:42

Thanks for the input, folks. I imagine the representative will come around to changing the offer to include 25% royalties, but I have no idea what sort of signing bonus and price per acre we should counter with. I'm grateful for this site, and grateful to Keith for taking the trouble to create, and maintain it.