Hi Bob -
I am a Certified Professional Landman with more than 30 years of experience in the field.
Selling your minerals would be a huge mistake. Especially for only $450.00, even if that was a per acre offer.
Leasing your minerals for $210.00 would be almost as bad, unless the company is a smaller regional company and only interested in the shallow rights.
Where is your land in Tarrant County? Do you know the Survey and legal description or can you give me the address?
If so, I can take a look at what is going on in the area and get back to you.
The quick answers to your questions are:
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Field Landmen will always be under the gun to get things done. Nature of the beast.
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Certain regulations apply, as well as the terms of the lease. But generally speaking, they can drill on any land that they have under lease. It would be highly unusual for them to stand a rig up on a tract of land that they have only partially under lease, however, which might be an indication as to why the Landman contacting you appears to be in such a hurry.
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Very possible. There are a few regulations they have to abide by, but generally speaking they can shape their unit in such a way as to leave out any unleased lands or even those of landowners they consider uncooperative. They can leave you high and dry, surrounded by producing units but left out of all of them and with too little acreage to form a unit of your own.
I live in Fort Worth. If you will send me a copy of your legal description and how to get in touch with you and I’ll take a look at what’s happening in your area and get back to you.
Charles E Tooke III, CPL fieldlandservices@gmail.com 713-408-2850 Cell