Fayette County, TX - Oil & Gas Lease

I'm sure someone that has recently signed a lease with one of these companies will give you some feedback; but, Geo Southern has been working this specific area for well over a year now and have signed literally hundred's if not thousands of leases to this point. A few months ago, some other companies tended to get interested and now the activity has gotten more interesting. Since Geo Southern seemed to be he only one interested a year ago, they have, to a large part, leased up most of the area between Schulenburg, North and East toward LaGrange, mainly East along Hwy 77. They are now coming back and leasing the West side as well. A few months ago, a few other companies seemed to move into the area and seem to be concentrating more from Schulenburg South toward Halletsville. If you are interested in really understanding the Geo Southern leasing effort and what is involved, I suggest that you contact the office of attorney Mike Steinhauser in Flatonia at 361-865-2540. I have had conversations with a number of people that have been working with Mr. Steinhauser on a finalized lease.

The initial Geo Southern leasing offer back in October of 2015 was at $300/$300 for a 3 year primary and 2 year option and 20% royalty. Eventually they migrated upward to $500 and 20% and now I am pretty sure their offers are up to around $600/$600 for a 3/2 and 22.5% royalty. Obviously there is much more to a lease than these two initial talking points. That is the reason I suggest talking to one of the local attorney's.

Good Luck!