Lease value Duchene County, UT

Oil and Gas Leasing Help
1

My 82 year old mother has been contacted by an oil company to lease her rights in Duchene County, UT. Does anyone know the value of 160 acres? Should we get a negotiator? Thanks

2

Same offer from Newfield in Ut. They own 4 active wells nearby.

3

J.R. -- this was approx. 640 acres for this lease.

JR Lamicq said:

I have been offered 200 per acre with 1/6 share to start from el paso for the same area. I havent started negotiating yet and know we can go higher. What was your mother offered and by who?

4

Depends where it located but, that seems cheap to me.

had a lease out there got drillled and producing 500 bopd .

I would find someone to help you.

JR Lamicq said:

I have been offered 200 per acre with 1/6 share to start from el paso for the same area. I havent started negotiating yet and know we can go higher. What was your mother offered and by who?

5

Abosolutely no attorneys. I think we could manage a deal on our own.

JR Lamicq said:

Gary, Im new to this and agree I could use some help, where do I begin? Should I hire an attorney who specializes in these leases or is there a good consultant you could recommend? Other than this forum I dont know where to go.

Thanks for your help!

gary speckman said:

Depends where it located but, that seems cheap to me.

had a lease out there got drillled and producing 500 bopd .

I would find someone to help you.

JR Lamicq said:

I have been offered 200 per acre with 1/6 share to start from el paso for the same area. I havent started negotiating yet and know we can go higher. What was your mother offered and by who?

6

Has anyone considered collective bargaining?

7

I had some minerals out there and just signed a lease and can give you the number of the guy I worked with. He was very informative. I found that a lot of people will tell you anything just to get you to sign the lease. Almost gave myself an aneurism trying to figure all this junk out. lol

8

I just inherited mineral rights in Duchenne County I’m in the middle of a negotiation with a leasing company they offered me 500 per acre and 1/6 royalty which I thought was kind a low myself from all the reading I’ve been doing I did hire a lawyer because I did not like the way the contract is worded I was told to make sure the company puts $50,000 in escrow in your name in case they pull out because that is what they supposedly do like I said I’m new to this and I do have a few contacts in Utah my question is are they finding any oil in Duchenne County