Milam County, TX - Oil & Gas Discussion

Comment

Comment by bill on March 19, 2012 at 2:52pm

That sounds low, XTO and a few others have been pretty active in the area recently, bonus of $300-400+ and 20% royalty.

Comment by Lance Brashear on March 14, 2012 at 5:20pm

Company has expressed interest in acreage in SW part of county.  Offering $150 an acre will go to $250 with a 2 year extension.  20% royalty.  Anyone had any recent offers for comparison?  I don't like the extension and the $150 seems low to me.

Comment by Mack on February 9, 2012 at 7:40am

I was advised to have an idemnification clause added to the lease which would protect the lessor from liability resulting from damage or contamination caused by the horizontal drilling, fracking process. There are several places around the country where the EPA has gotten involved when water wells were contaminated resulting in cleanup expense, damages and fines. Are others requiring this type of clause be added?

Comment by Kevin B. Koonce on January 5, 2012 at 10:24am

http://www.reuters.com/article/2011/12/28/us-energy-giant-idUSTRE7B...

Comment by bill on January 4, 2012 at 9:27pm

I heard XTO has been in the area recently @ $400 and 20%

Comment by Allen Doty on January 4, 2012 at 3:53pm

Dennis -- Although it doesn't sound like you're still talking to XTO, how much did they offer as a lease/royalty rate?

Comment by Dennis Ely on January 4, 2012 at 6:03am

Milam County Landmen ??

Does anyone know what companies are leasing in the county and who the landmen are?  I have 255 acres SE of Gause that had been leased by Wagner OIl and the three year lease expired and the renewal option was not exercised. I was contacted by XTO Energy who had leased 48 acres near Milano from me in October about this 255 a week before the three year lease expired and expressed an interest in leasing it. But I've not heard from them since so I'm thinking I would like to contact any other company that's leasing in the county and see if they would have an interest if I drop the price from the offer XTO made down to $350.00 an acre for the first three years and 1/4 of the minerals, or $400.00 an acres and 1/5 of the minerals.

  So if anyone else knows who other than XTO Energy is leasing please post it or send me an email.

Thanks

Comment by Harry Alan Sandberg on January 3, 2012 at 10:15pm

Hey Neighbors.  My wife and I have 16 ac in Milam County just north of the Milam-Burleson county line, east of Hwy 77.  We plan to build and retire there in the next few years. Oil and gas activity in the area is of considerable interest.  I am not well-educated at this point on mineral rights, leasing, and also the technologies and potential risks.  I hope to learn from/with you on this website.

Alan Sandberg

Comment by Allen Doty on November 2, 2011 at 4:20pm

Does anyone have any info on the going lease bonus and royalty rates in Milam County?  My property is just east of Gause. 

Comment by Lance Brashear on October 12, 2011 at 6:29pm

I would be interested as well as I have some deep rights in that area.

• ‹ Previous
• 1
• 2
• Next ›
• Page