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Cherokee County, TX
I am trying to find out what the going rate is for the per acre bonus payment for an oil and gas lease in Cherokee County, TX, the length of lease, and the royalty percentage. Anybody have any knowledge on this. I believe it is in the Cotton Valley area.
Keywords: Cherokee County TX, bonus, lease rates, royalty rates
Replies to This Discussion
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Permalink Reply by Carol Ezell on -
Yes, at the top of the bank draft are the names Judy Blackstock and Vince Brigham out of OK City. Sounds like the same folks. Would be nice to make sure they are legit, so appreciate any help. So glad I happened across this forum! Google is a wonderful thing :)
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Permalink Reply by Jack Blanks on
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Erica,
I found these two sites.
http://sec.edgar-online.com/brigham-exploration-co/10-k-annual-repo...
www.bexp3d.com.
From a quick glance, if that is the same Brigham, they look legit. But again, that's just from a quick glance at these two sites. Please keep us posted if you learn anything.
Erica Walker said:Jack his name is Vince Brigham
Jack Blanks said:Erica, you said on the bank draft is the name Vince. Does it have a last name? If so let me know what it is and I'll see what I can find out for the both of you.
Erica Walker said:Carol if your lease is like mine its $200 per acre and 1/5th. if you look on the actual bank draft a guys name Vince is on it. he is the one that owns this company. they lease for other companies. he said he can't give the companies name but it is a big oil company that is ready to drill now if we sign. my family and i still don't know what to do. you land must be close to ours. erica
Carol Ezell said:My mom received an offer of $200 per acre for 115 acres in the J. Johnson Survey in Cherokee County Texas. Not sure if it inlcudes a % if they start producing or not. Like Erica, the $200/acre sounds really low to me, but I'm not familiar with the activity there since we live in the D/FW area. Anyone know if that is a reasonable offer? Anyone heard of Balyeat Oil & Gas, LLC? Can't find anything about them in a google search, and that concerns me too.
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Permalink Reply by Caroline Marcovicci on
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My husband has some acreage in Cherokee County. $200.00 and 1/5 may be OK east of Rusk, but be sure to check out http://www.tlma.org/oilgasleasechecklist.pdf . Hope a word to the wise is sufficient.
Go Eagles!
Jack Blanks said:Erica,
I found these two sites.
http://sec.edgar-online.com/brigham-exploration-co/10-k-annual-repo...
www.bexp3d.com.
From a quick glance, if that is the same Brigham, they look legit. But again, that's just from a quick glance at these two sites. Please keep us posted if you learn anything.
Erica Walker said:Jack his name is Vince Brigham
Jack Blanks said:Erica, you said on the bank draft is the name Vince. Does it have a last name? If so let me know what it is and I'll see what I can find out for the both of you.
Erica Walker said:Carol if your lease is like mine its $200 per acre and 1/5th. if you look on the actual bank draft a guys name Vince is on it. he is the one that owns this company. they lease for other companies. he said he can't give the companies name but it is a big oil company that is ready to drill now if we sign. my family and i still don't know what to do. you land must be close to ours. erica
Carol Ezell said:My mom received an offer of $200 per acre for 115 acres in the J. Johnson Survey in Cherokee County Texas. Not sure if it inlcudes a % if they start producing or not. Like Erica, the $200/acre sounds really low to me, but I'm not familiar with the activity there since we live in the D/FW area. Anyone know if that is a reasonable offer? Anyone heard of Balyeat Oil & Gas, LLC? Can't find anything about them in a google search, and that concerns me too.
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Permalink Reply by ted elder on
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Does anyone know what is going on in the Sarah Duncan League Survey in Cherokee County? Chesapeake was leasing this up a few years ago. Thanks.
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