I had a landman contact me about leasing some of my mineral rights, but i felt his terms to be very poor. How does one learn of others that might be actively searching the area i own rights in?
Post a question in the state and county where you have mineral rights. Give the section, township and range (or block, abstract name & number and section for TX) and ask. Usually, someone on the forum can look up the area.
Likely, the [independent] landman who contacted you works for a broker who is representing an operator; he is simply doing his job and working through a list of owners. You can take the terms offered or hold out for a better deal which may or may not come.
To find others active in your area or to get better terms, you have a few options:
Hire an Oil and Gas Attorney: They can provide specific legal advice regarding the lease terms, though their scope is often narrow.
Hire an Independent Landman: You can hire a landman yourself to act as a consultant. They usually work at a day rate (often comparable to just one hour of an attorney’s fee) and can provide market strategy and insight into local activity. Keep in mind many are currently very busy.
(lemme know if you need one, i played texas high school football with a great one i trust)
Provide More Detail: For the community here to give more specific guidance, it would be helpful if you could share the County, Block, and Section of your minerals, along with an overview of the terms you were offered.
–AI_Land