Anyone in Terry County approached for leasing? We’ve had two companies express interest. We went with the one who wanted the entire 640 acres. Any active drilling? The second company who only wanted a portion, indicated they were amassing acreage for horizontal drilling.
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My family owns minerals in Section 28, Block K and we’re currently in negotiations. If you don’t mind sharing:
• What section or general area are your minerals in? • Which companies contacted you? • Did they mention which formation or whether they were planning horizontal wells? • Were they trying to lease just your section or several neighboring sections? • Have you seen any drilling or permit activity nearby?
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Got an offer from Tyner Energy to lease from section 42, Block D-11, C&M RR company survey of 160 acres. Wondering what the going price is now? Also wanted 5-year lease and I was thinking of three with an extension.
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What landman has contacted you?
Karankawa out of Houston. We are still negotiating.
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Any luck getting them to modify their lease form? Has some terrible provisions in it, so I would recommend that you read it very carefully. As many on this forum have stated in the past, these initial draft lease forms can be very one sided in favor of the Lessee as they have been prepared by them very purposefully that way. We submitted reasonable amendments to their draft form and it took over 3 months to get back to us that they just wanted to use their initial lease form and will not consider amendments. So after 5+ months of “negotiating”, we gave up and plan on being unleased minerals inside of any units they may form. Hope you have better luck than we did!!
p.s. Just wondering, is there anybody out there that has leased to them and gotten any satisfactory amendments to their initial draft lease form?
What company are you talking about?
I was replying to Becca_Chenevert’s post from 2 days ago…Karankawa.
There are several of us that have not signed and still in negotiations with our attorney.
Have they been willing to modify or amend ANY of the provisions from their initial draft lease form? We were never able to make any headway on this, so we finally gave up. Would have liked to have made a lease, but some of their terms were completely unacceptable. This company is just a broker and cannot make any decisions on making modifications. Hopefully, your attorney can break through and make the necessary amendments. We thought we were “negotiating”, but after 5 months we realized that the broker could not even make the smallest of changes to the lease form.
We initially submitted a revised lease, and Karankawa told us up front they did not want to deviate from their standard lease form. They did say they would consider changes through an addendum, and they have agreed to several of our requested provisions. We’re still negotiating a few remaining terms.
Our attorney has recommended that we wait a little longer before signing based on the activity in our area, including the nearby Johnny 1H well. We’re hopeful that additional information over the next few weeks may help with the negotiations.
Your attorney is correct. There is no rush. When an area is in the initial leasing phase, companies do not want the word to get out that they granted exceptions to their lease. Then all subsequent lessors want the same or better treatment. So the company will hold out as long as possible only leasing to those who do not ask for substantial changes. Once they get all those under lease, they will go back to people like you. It’s smart business.
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Unless the offer is just outrageously bad someone offers me a lease in Terry County I’m taking it. Seen too many dry holes there
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@Becca_Chenevert. It took over 3 months for them to come back to us with “no changes on the initial lease form” response. We had proposed changes through an Addendum, but got nowhere. We started negotiations in late January, 2026.
Can you tell us which provisions they were willing to change/amend? We had issues with lots of items, some major and some minor. This included shut-in clause, retained acreage clause (horizontal & vertical as we had interest in 2 tracts, 320 acres & 160 acres, on Exhibit A), cost free royalty (always an issue & usually difficult to get satisfactory one), & top lease option to name only a few. We could not even get them to amend the clause about lease includes adjoining or adjacent lands even though we had an adjacent unleased tract not listed in the described acreage in Exhibit A that could have been clouded if lease form was not amended. Thanks in advance for sharing your experience.
I get it! … We are in section 80 block 4-x .. from what I’m researching within block 4-X there is localized horizontal aggregation occurring…( whatever that means)I guess our 80 acres falls under N Sanders Abstract….
Did you end up leasing with Tyner?
We received a letter on 320 acres, the East half of Section 45, block D-11, CMR co survey. Said we have rights to 10-acres.. they wanted to purchase for $10,000. What do we need to know, sell or lease? Is this a fair price.?
Willieb
Curious where your 320 acres is located? We have 320 east half of section 45, block D 11
Willieb
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