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Fayette County, TX - Oil & Gas Discussion

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Fayette County, TX - Oil & Gas Discussion

Oil & gas discussion group for those interested in Fayette County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Website: http://www.eaglefordshale.com/counties/fayette-county-tx/
Members: 146
Latest Activity: Sep 14

Discussion Forum

Fayette County TX Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles Sep 14. 108 Replies

Post, discuss and share information related to Fayette County Oil & Gas permits in the replies below.Thank you to Clint Liles for championing the effort to keep us all up to date.Continue

Lease Activity in Fayette County

Started by Joe H Urbanovsky Jr. Last reply by Kirch Mar 10. 1 Reply

I have land/minerals on Sykora Road in Fayette County.  Does anybody know of lease activity in this area?   Thanks.

Interesting message on my voice mail.

Started by Kraut. Last reply by Kraut Feb 1. 20 Replies

Yesterday a message was left on my voice mail by a person named Paul (last name and company not understood). He said he was confirming contact info on interest holders on the Hawk Unit in Fayette…Continue

Help me understand my asset

Started by Kyle. Last reply by Bigfoot Jan 3, 2016. 8 Replies

Hello Mineral owners:I am new to this world, on December 21st, I received a letter from  an attorney  who represents  an oil and gas company interested in leasing our 74.75 acres for vertical…Continue

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Comment by Candace Kaiser on July 14, 2016 at 7:51pm

The good news is that leasing is happening again!!  Lots of factors to consider when evaluating the bonus, but I contacted landman/brokers in the area just a few weeks ago, and no leasing, but told if oil prices stabilize, leasing may start, so my curiosity is peeked and thank you all for the information!   

Comment by Bigfoot on July 14, 2016 at 7:46pm

Rock Man:

You are totally correct.  Plus I haven't heard royalty percentage even mentioned as well as a bunch of other extremely important lease elements.  This is no secret; but, I would like to add one additional point.  Whatever the bonus is, it is nothing compared to a decent mineral friendly lease and right now they know they are in the drivers seat.

Comment by Rock Man on July 14, 2016 at 7:02pm

For what it is worth - I am sure that various brokers are monitoring these sites. If you don't want your conversations to be public and seen by everyone, you may want to "friend" individuals and talk in private

Comment by 709 on July 14, 2016 at 7:02pm

What are the companies?

Comment by Ladyonhill on July 14, 2016 at 6:33pm
Just FYI... Been contacted by 2 companies with lease offers of $200 & $400...
Comment by Ladyonhill on July 13, 2016 at 6:24pm
I haven't returned their phone call/email yet. I was surprised by that their contact & wanted to check out what other people were doing!
Comment by Ladyonhill on July 13, 2016 at 4:56pm
What was offer & what did you end up with?
Comment by 709 on July 13, 2016 at 4:45pm

I've also been recently contacted by a land man representing Geo Southern. the offer that they made was what I considered to be a low ball and the contract is pretty standard and in favor of the lessee.  I was able to get the bonus and kicker amounts up a little.

Comment by Ladyonhill on July 13, 2016 at 1:27pm
I've been contacted by a land man from Geo Southern to lease property outside of La Grange off 609. Anyone know about this new interest in leasing?

Pro
Comment by Wade Caldwell on February 6, 2015 at 6:56am
It is really important to negotiate a term on the easement so you have the opportunity to get renewals or get the thing removed at some point. Also, you want to provide for surface damages when they go ind have to repair it. Just a couple of points among many.
I have seen alot of companies accept an addendum which overrides many of the overbroad parts of the form easement they present. Also, I have not seen right of way agents, generally, be as aggressive as landmen in pushing back on contract changes.
 

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