Houston County Texas Lease Offer

Oil and Gas Leasing Help
1

I've been contacted by a landmen regarding my mineral interest in Houston County Texas. The original offer was $250/ mineral acre, 1/5th royalty, 3yr with 3yr option to extend for an additional $250/ mineral acre. Through my research I have discovered this to be a low ball offer, before being able to contact the landmen to decline the offer he has now called and offered $300/ mineral acre. Just wondering what other landowners have been able to neg. As I understand it activity has increased in this area and I would like to take advantage of the opportunity if it's there.

2

This must be some of that cheap Bunch from Beaumont working for Burke Royalty and Navidad.

Get a minimum of $500 for no longer than three year's and forget the 2 year option.

Where the minerals are and how much also makes a difference. It's had to say when you don't know where they are.

3

Where is your land located, we also have mineral rights in Houston County, We don't have alot of acres so that is a factor. But I agree with Walter 500.00 is a good place to start. Seems the 1/5 is standard. If you are familar with the TRRC you can check out the recent activity for drilling.

4

Property is located on the S T Beasley Survey A-1274, I plan to contact Buudy Cotten for representation.

5

Great idea, if you don't mind me asking where exactly is that survery. Our minerals are in one of the F De valle surveys. From the post's I've seen of Mr. Cotton's he will do well for you. God Bless

TxBrangus said:

Property is located on the S T Beasley Survey A-1274, I plan to contact Buudy Cotten for representation.
6

Property is 7 miles south of Crockett going towards Lovelady off of hwy 19. The CR is 4030

7

I have land also off hwy. 19 south of Crockett going toward Lovelady. It is aprox. 3 miles from the Loop in Crockett and 2 miles down CR 4015. I was contacted yesterday from a guy from Big Creek Energy working for Devon. Does anyone know anything about them and what the going leasing rate is?

Thanks!

Sandy



TxBrangus said:

Property is 7 miles south of Crockett going towards Lovelady off of hwy 19. The CR is 4030