# Henderson County TX Oil Leasing
**URL:** https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257
**Category:** Oil and Gas Leasing Help
**Created:** [March 8, 2017, 4:26pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257 "2017-03-08T16:26:42Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@Chris3](https://www.mineralrightsforum.com/u/Chris3)
#### Post date: [March 8, 2017, 4:26pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/1 "2017-03-08T16:26:42Z")
I own 58 acres in Henderson County, Texas. An oil company from Louisiana named OBENCO has sent a landman to lease my mineral rights. I have no knowledge on this matter. I’m not trying to get rich, but I don’t want to be the goat either. As I understand it, I own 1/4 mineral rights on my 56 acres which the landman refers to as 10 mineral acres? So he wants to pay us 2800 dollars for a 3-year lease with a 3-year option if they don’t do something in the three years. If they do, they get to keep the lease for free for the life of production? He did state I would get .0175% royalties based on production figures. Somewhere he kept referring to a “6” as part of this equation. I have no clue, but it seems like 2800 to get to put an eyesore well site on my property would be a stupid decision on my part? I just don’t know the lingo, the standard prices, or how to make a decision???
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [March 8, 2017, 5:10pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/2 "2017-03-08T17:10:17Z")
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### Author:  [@Buddy\_Cotten](https://www.mineralrightsforum.com/u/Buddy_Cotten)
#### Post date: [March 9, 2017, 9:32pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/3 "2017-03-09T21:32:38Z")
Henderson County! I was born in Smith but my family is from Brownsboro. Lots of Cotten’s there. Great Grand Dad had 21 kids.
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### Author:  [@Chris3](https://www.mineralrightsforum.com/u/Chris3)
#### Post date: [March 9, 2017, 10:38pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/4 "2017-03-09T22:38:57Z")
Yes we are north of Athens. We own the 58 acres. I have no clue what surface acres are as opposed to acres? It is 58 acres old home place been in our family since early 1900’s. I have no clue about the block abstract or section. Where do I find that? I have a survey from a few years ago? Is it on that paperwork?
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### Author:  [@Chris3](https://www.mineralrightsforum.com/u/Chris3)
#### Post date: [March 10, 2017, 2:19am UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/5 "2017-03-10T02:19:14Z")
I definitely pay taxes!!! It’s one fenced-in block of land yet 2 tax receipts. The first says:
100% lot. TR 12B. Acres 56.666. AB 35 WM Avant sur.
The second says:
100% lot. TR 6A. Acres 1.654. AB 232. A Fancher sur.
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [March 10, 2017, 3:15am UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/6 "2017-03-10T03:15:32Z")
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### Author:  [@Chris3](https://www.mineralrightsforum.com/u/Chris3)
#### Post date: [March 10, 2017, 5:24pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/7 "2017-03-10T17:24:07Z")
That’s it but I still don’t know if it’s a good deal or not? Lol
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [March 10, 2017, 5:36pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/8 "2017-03-10T17:36:21Z")
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### Author:  [@Chris3](https://www.mineralrightsforum.com/u/Chris3)
#### Post date: [March 10, 2017, 6:12pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/9 "2017-03-10T18:12:40Z")
So if everyone leases around me, and they hit a good well, why would they need my mineral rights if they are already getting what they need?
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [March 10, 2017, 6:18pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/10 "2017-03-10T18:18:23Z")
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### Author:  [@Chris3](https://www.mineralrightsforum.com/u/Chris3)
#### Post date: [March 10, 2017, 6:35pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/11 "2017-03-10T18:35:00Z")
If they don’t have to lease from me, but put a well across the fence from me
Into a reservoir of oil that’s under 25 people’s property all around me they are still getting all the oil? Without having to lease from me? None of this makes sense.
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### Author:  [@Chris3](https://www.mineralrightsforum.com/u/Chris3)
#### Post date: [March 10, 2017, 6:39pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/12 "2017-03-10T18:39:47Z")
A different guy working on behalf of Obenco is giving us $4,500 to place a new larger diameter pipeline across the place too? Why pay me again for an easement I sold them years ago? Seems like they need a bigger pipeline to accommodate more production? If that’s the case, does that mean they know it’s going to produce? Or is that a gamble on their part?
Seems odd to me that they would pay $4,500 to lay some pipe, but only $2,800 for the rights to the product that goes in the pipe?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:35pm UTC](https://www.mineralrightsforum.com/t/henderson-county-tx-oil-leasing/3257/13 "2018-08-14T22:35:48Z")