Can you tell me what the most recent rate is for mineral rights leasing in Fannin County?
I know it is public record but the county clerk has been less than helpful, to say the least, and I can’t seem to find the info on their website.
Also I would like to know what costs, if any, I would incurr, as the mineral rights owner, if I were to sign a lease? And should I try to negotiate a better deal than their initial offer?
Offers will vary across the county, so need a Block name or number, Abstract name and number and section. Clerks are not allowed to give out certain information. In Texas, memorandums of leases are often filed which are not helpful at all. The mineral owner is not liable for operating and drilling costs if just a royalty owner. You have to choose to be a working interest owner to participate in the well. Always try to get a better deal. It is very wise to get a good oil and gas attorney to review the draft lease. The draft is in the operator’s favor and not in the mineral owner’s, so needs quite a bit of editing. You would have to pay for that investment in good help.