Is it worth having a lawyer review an oil and gas lease offer for $1,000 per net mineral acre at 3/16 royalty on 1,5 acres in Roger Mills Sec.5, Township 12, Range 24 West?
A knowledgeable lawyer can help you avoid paying for production costs (not just drilling costs) which can amou9nt to as much as 1/3 of your royalty. It depends on how well the well produces whether its worth it or not, but it seems to me that 1/3 of your royalty is an awful lot.
Thank you for your response, I do appreciate it, and I agree with what you said.
You may want to consider waiting for the pooling action to help you with negotiations. That can can be a useful tool for the mineral owner if used properly.
Ask for an exhibit a that includes a depth, pugh, and no deductions clause. You dont need a lawyer to do that