America’s conversation place for mineral & royalty owners

Bent County, CO - Oil & Gas Discussion

Information

Bent County, CO oil & gas discussion group. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 12
Latest Activity: Apr 26

1 member likes this

Discussion Forum

Bent County Leases for heavy crude

Started by jeris danielson. Last reply by Matt Whitaker Apr 13. 5 Replies 0 Likes

I have been offered $125 per mineral acre for a lease in Northern Bent County adjacent to Adobe Creek Reservoir. Has anyone had contacts for leases in this area?Continue

View All

Comment Wall

Comment

You need to be a member of Bent County, CO - Oil & Gas Discussion to add comments!

Comment by Michael James McCammond on April 26, 2012 at 11:14am: Our family is in the process of issuing the landman an addendum to there issued contract/offer. The addendum will be favorable to the McCammonds. This will open the doors for negotiations. We will not stray far from our offer.

Comment by Jane Gilespie on March 13, 2012 at 4:48pm: I am a land owner in Bent County and got offered same thing everyone else and told if I don't sign the lease they can still drill if they get enough signature and I would get no money from it is that true?.

Comment by Jane Gilespie on March 13, 2012 at 9:58am: I own 35.0000 acres. They said bonus payment would be a one time payment of $125 per acre ($4375). This would be for a 5 year lease and they ask for the option to be the first to renew the lease at the end of 5 years. The royalty payment would be 1/8 (12.5%). This is calculated by the amount of acreage that I own and the cost of oil/natural gas at the market. This would be a monthly payment, but would only come if they drill and if they find oil or natural gas.

Comment by Kelly Biggs on March 10, 2012 at 4:18pm: Hello Bent County Mineral Rights owners. I've got MR in Bent County and have done research on Oil & Gas. I've personally worked on several oil drilling wells (3,000 to 11,000). I urge all to check out the Look Before You Lease website (see landowner toolkit) -- http://lookbeforeyoulease.org/landowner-toolkit/ . Notice only do Paid Up mineral leases. Notice not to lease longer than 3 years Primary term with no secondary term). Notice no Mother Hubbard clause. Notice royalty payments are at least 1\8 (means 12.5%), but that 20% is not underheard of these days, based upon GROSS production\proceeds. Notice to require Shut-in royalties. Notice to include a due dilligence clause. Notice to include a Pugh clause. Notice for no Division Orders provision. Notice for no Force Majeure clause. Many other clauses that a good landowner\mineral rights holder should have in a mineral lease. Wanting to know what others are being offered given the fact that the State of Colorado is getting around $420 per acre in the most recent Trustland sale -- http://trustlands.state.co.us/Sections/Minerals/Documents/Auction%20Results-%20Public%20Notice%202-23-2012.pdf. Thanks, KB

Comment by Michael James McCammond on February 23, 2012 at 11:08am: Our family has been approached by The land & mineral company-Texas LLC. We ar in contact with there representative Roxann Nolan. We have not come to an agreement at this time. You may contact me for particulars.

Comment by Lia on February 14, 2012 at 11:24am: Leasing activity in Bent county Colorado. Been approached by several landmen wanting to lease our minerals in Bent county. Has others leased their minerals? If so, what terms did they get? Additionally, does anyone know the companies behind the this leasing activity?