Kathryn Whittington:Montague County, Texas/A-579

Texas Mineral Rights Montague County, TX
1

Kathryn,

After checking the area I find to the South, Southwest and Southeast a few miles EOG has been busy exploring and producing the Barnett Shale for oil and gas. I would counter offer for $350/1/4 (25%) royalty/3-year lease with definitely no deductions. As Buddy Cotten (Mineral Manager) says: NEGOTIATE…and get yourself a good lease. It might be wise to contact an Oil and Gas Attorney or Minerals Manager to help you with this lease as there may be more than 1 well drilled on this acreage.

Tomahawk Land Resources is a land brokerage company. They are not a company that drills and produces wells. http://www.tomahawklandresources.com/about.html They will probably lease your land and then sell your lease to EOG for a large profit.

This link is to Production Data on a well (337-35135) to the South of your A-579 approx. 3 miles:

http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do?tab=init&viewType=prodAndTotalDisp&methodToCall=fromGisViewer&pdqSearchArgs.paramValue=

GIS Map of Montague County A-579 and surrounding area:

CLICK ON MAP TO ENLARGE

ZOOMED OUT MAP SHOWING THE HORIZONTAL WELLS TO THE SOUTHWEST, SOUTH AND SOUTHEAST OF YOUR A-579

Clint Liles

2

Many thanks! That is a great help.

3

Clint - I’m looking at some assets in Montague County and trying to find someone who really knows this area. Any chance you’d be up for a quick phone call?

Wade

4

Hello Wade. I’m not an expert… the information I obtain is mostly from the RR Commission website… and no, I really don’t know the area very well. But I will try to help you with what little knowledge I have of the area.