Earlier this week I received an inquiry from Bearcat on behalf of Continental to lease mineral rights in Carter County, Sec 32 3W 3S. I’ve not been approached to lease minerals in this matter in Louisiana. I have not responded because I intend to counter and have been engaged gathering intelligence to bolster my position.
But after reading a thread on this forum from Nov 2024 that presented a very similar approach to someone involving Continental’s Madison 4-19-32XHW and Madison 6-19-32XHM, I am wondering if I am getting ahead of the true state of leasing. Doing my due diligence is not wasted effort but perhaps I should just sit still until more direct contact is made.
Any insight or advise is appreciated.
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We entered into a leasing agreement with Bearcat on behalf of Continental in 2008 on our minerals in Sec 6-4S-1E in Carter County. They are legit, but there was no activity near us at that time nor since then. Apparently, lots of activity there in the area of your minerals so their value would be different, I am sure.
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To further explain, the inquiry from Bearcat described the project and presented 4 options to select from and check off. Working interest and 3 leasing options of bonus and royalty rate. Plus it presented the well AFE.
I’ve leased minerals in Louisiana more than once in the past and never been approached in this manner, though its been a few years since the last time. Maybe the method of approaching land owners has evolved or maybe its a difference between how things are done in LA vs OK.
Two emails to Bearcat have so far gone unanswered. How they handle landowner responses is part of the process, but not replying to me checks a box in my mind. And is part of why I’ve come to this board to learn what I can and pick up advise.
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This is very common in Oklahoma. Looks like Continental will be the operator, but you may get offers from other agents as time gets closer to pooling. You do not need to answer that first letter. It does give a feel for the bonus/royalty amounts. The devil is in the details of the lease. Operator leases are drawn up by operator attorneys, so favor the operator.
If you get offers from other agents, they often give more favorable lease terms and allow more negotiation on clauses. You do not want any post production charges among other things. If you have not leased in OK in a while, then it is wise to invest in an attorney to help with the negotiations for a better set of clauses.
You should be getting the OCC cases by now.
If an attorney is not feasible, then force pooling is an acceptable alternative for those that are not already leased or held by production. Many of us would chose the highest royalty option even if the one time bonus is smaller. Many years or decades of a higher royalty usually offsets that one time bonus.
Note the location of the proposed well to the far west side of the sections. They are leaving room for potential infill wells to the east lined up like cigars.
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Haven’t been able to use occ,data finder how many wells are on 1403s3w
There are three plugged and abandonded wells. However a lot of recent leasing and a new horizontal by Coronado Energy with a surface location in 15 going east into 14 and 13. It was spud on March 26, 2026 and completed 6/2/25. Division orders should be out by November. Albi 1-15-14-13MXH
