We have been approached regarding a small mineral interest (less that 1/4 net acre) in the Marcellus play. Landman has been patient and professional, and still willing to work out the tough part of negotiating a lease, and desires to proceed.
Being that the bonus money would barely pay an attorney to review, much less get involved in complicated negotiations (which the O&G Company would probably not entertain for such a small parcel) would it be advisable to "just not lease" or "go it alone" and not have attorney negotiate terms of the lease. I've been informed "if you don't lease, you'll never get paid" by the landman.
I'm a little worried about the complex legal descriptions locating the interest, and performance clauses, that would require us to document ownership, etc.
Thanks for any input from mineral owners who found themselves as owners of small mineral interests.