ten dollars and other valuable considerations, 3 year term and as long thereafter as oil or gas and other substances covered are produce, less the percentage share of all post-production cost, a paid up lease, we have the minerals on 308 acres of teh section can we be forced pooled? offered 150 an acre and 3/16. Land located Wilkinson county Ms, section 25 and section 28 Pb-Producuers 88 with pooling provision.
Rodney,
This allows the lessee to hold your minerals, all your minerals, forever with a small well, compromise the royalty payment (perhaps significantly), and not explore or produce non-pooled acreage but hold it. I would never allow my clients to sign this lease.
Thank you so much for the response. Rodney,
This allows the lessee to hold your minerals, all your minerals, forever with a small well, compromise the royalty payment (perhaps significantly), and not explore or produce non-pooled acreage but hold it. I would never allow my clients to sign this lease.
Gary L. Hutchinson
Minerals Management