I have a friend who owns less than 10 mineral acres in the Thomas D. Allen Survey A-63, in Colorado County, TexaS. My friend lives hundreds of miles away and doesn't know anyone in the community where these minerals are located so she has no one to discuss with what terms may be that are being offered in this area for an oil and gas lease. She has received an offer for less than $500 per net mineral acre, 25% royalty, and 3 year primary term to lease her lands. Is that a fair offer for this area? What companies are currently leasing in this area, if you know?
Howard,
There are several approved oil and gas companies exploring and developing in Colorado County. Click on the link and look under PERMITTED OPERATORS for the name of companies actually leasing/drilling in the county. As far as bonus money possibly someone else will help you on that. The 25% royalty is excellent and the 3 year term is good.
Clint Liles
Howard,
on this GIS map of Colorado County/A-63 I see several gas wells/plugged gas wells/dry holes that have been drilled in the surrounding area in the past.
Clint Liles
Thank you, Clint. Very useful info. Much appreciated.
Clint Liles said:
Hey, Howard, Hey, Clint -
Use the following link to download what I was able to pull up on the TD Allen Survey on DrillingInfo:
http://www.hightail.com/download/elNKWWVrdkdsamZMYnRVag
Several companies to have been actively leasing in the area recently, but nothing production-wise seems to indicate why.
I performed a search for any kind of Permits (To Drill, etc) within 10 miles of the center of the Survey over the past 3 years and came up with nothing. That's an area of 20 miles by 20 miles.
Ballard Exploration appears to be the only company leasing in or in the immediate area around the Survey. To the best of my knowledge, they are a good company with a solid reputation.
Hope this helps -
Charles
Thanks Charles,
You da man..........
Clint Liles
Charles Emery Tooke III said:
Hey, Howard, Hey, Clint -
Use the following link to download what I was able to pull up on the TD Allen Survey on DrillingInfo:
http://www.hightail.com/download/elNKWWVrdkdsamZMYnRVag
Several companies to have been actively leasing in the area recently, but nothing production-wise seems to indicate why.
I performed a search for any kind of Permits (To Drill, etc) within 10 miles of the center of the Survey over the past 3 years and came up with nothing. That's an area of 20 miles by 20 miles.
Ballard Exploration appears to be the only company leasing in or in the immediate area around the Survey. To the best of my knowledge, they are a good company with a solid reputation.
Hope this helps -
Charles
Very useful! Thank you so much. Is Drillinginfo a service for a fee? Or, a service that is free? [I doubt it's free, but, that was an excellent summary you sent.]
Charles Emery Tooke III said:
Hey, Howard, Hey, Clint -
Use the following link to download what I was able to pull up on the TD Allen Survey on DrillingInfo:
http://www.hightail.com/download/elNKWWVrdkdsamZMYnRVag
Several companies to have been actively leasing in the area recently, but nothing production-wise seems to indicate why.
I performed a search for any kind of Permits (To Drill, etc) within 10 miles of the center of the Survey over the past 3 years and came up with nothing. That's an area of 20 miles by 20 miles.
Ballard Exploration appears to be the only company leasing in or in the immediate area around the Survey. To the best of my knowledge, they are a good company with a solid reputation.
Hope this helps -
Charles
Subscription Service www.DrillingInfo.com
Texas will run you something over $5k a year. Their entire bundle of something like 13 States is about $6800 a year.
I couldn't function without it.
Wow! You've got a reason to spend that kind of money and I admire you for that. Thank you for sharing what you did. Great info.