Hi everyone. I have a question that I need help with. I have mineral rights in Gaines County and have been approached by Lumberjack about leasing. They were quick to agree to my first counter-offer but I have a few more things to change before I sign off. I learned from this site about not allowing them unlimited water usage and a few other things, but I think I need to find a lawyer to clear up some other items, i.e., my paying for all of the hauling away and processing of whatever they may find. I live in Washington State and don’t know how to go about finding a local expert. Any help would be appreciated, thanks.
Barton,
From what I understand about Lumberjack Energy, they are not an E&P (Exploration and Production) company. They are a land broker services company. They lease your land on the cheap and then flip your lease to a company that actually drills, and they make big bucks on the sale of your lease.
Also, as far as I can tell, they are not a ‘leasing agent’ for a reputable oil and gas company.
If these were my minerals, I would rather lease to an oil and gas company or a ‘leasing agent’ working for an oil and gas company.
Be careful who you lease to or with.
I suggest you get in touch with Attorney Wade Caldwell, San Antonio, Texas. He is a major contributor to this forum and well respected by forum members that have used his services.
Clint,
Thanks for the information. I will keep Mr. Caldwell’s name in mind for the future, but your reply has answered a lot of questions that I had. I think I’ll just hold on to the rights for the time being.
Bart Franklin
Hi Barton -
Clint is correct in that Lumberjack is a Land Services Company, but Land Services Companies do not typically “flip” leases for profit. They may simply be contracted to negotiate leases in an area for an E&P Company.
Ask them who or request that the client company get in touch with you directly.
Better yet, hire Wade Caldwell to negotiate your lease for you.
Hope this helps -