Surprise! I’m receiving offers for over 4k per NMA in one survey. I entered into a terrible lease last year with TMH without much knowledge but now know it was transferred (sold) to Vanna. Does anyone know why offers are coming in very strong on a survey just south of 79 in Anderson county? Is there a way to amend / renegotiate a lease after signed? Thank you!
Interest very well may be tied to the Expand drilling in that area.
As for amending / renegotiating a lease - I am sorry to say that there is really nothing that you can do.
Hang on, are the new $4k/ac offers to lease or buy? Big difference.
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Vanna has done deals with both Expand and Mitsui in the Western Trend - keeping an interest in the acreage but flipping most of the WI to these two operators
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One of the things I think I have noticed is that the mineral owners can’t get a decent lease bonus and a good fair lease from the brokers or companies. Unless they are already drilling nearly next door. Yet there are now in the last year a lot of “mineral buyers” that will pay many times more than the lease bonus offered. In Houston & Anderson Co. What’s going on?
My opinion is that people have more confidence in the extent of the “trend” and therefore are scrambling to get a piece of it.
Combination of well results, more press and good geologic work
Nobody is paying $4000/ac to lease in that area that I’m aware of. You’re probably receiving offers to sell your minerals. Big difference. Additionally, I’m guessing you leased well before any recent wells were drilled anywhere close to that area in Anderson County. I leased mine to Vanna. and was happy to get it, especially since the area hadn’t been leased in “40’years”.