Actually, Forestbburg is in Montague County, though it is close to Cooke County. Why settle for a lesser signing bonus when you can get both? Please don’t let your need for quick cash cloud your thinking this through. I know someone who initially leased their property for $1700.00 for two years with NO royalty, due to a sleazy lease-hound (not all lease-hounds are sleazy - just don’t trust any of them). Thankfully, nothing was done for two years and the property came up for re-lease again - this time, an attorney was hired and the leasing bonus was well over $100K with 25% royalty and no production/hauling fees. My opinion is have an attorney negotiate for you. Chuck Bartush in Muenster Texas is an attorney who is very knowledgable about the oil and gas in both Montague and Cooke County. While it is true that the area is not as prolific as Tarrant County, the Barnett Shale, Newark East is a rather new development - it is a Combo Play - meaning both oil and gas. If you get into the Rail Road Commission website you can start tracking production rates of both oil and gas for wells in the area. Also, some in Tarrant County are now in a big lawsuit due to the the promises of huge leasing bonuses not coming through. Also, lots of those huge bonuses, etc. are divided among many residents in a neighborhood and they only get a small fraction of that money - some of course, are luckier and own some acerage.I just hope you don’t do any negotiations on your own. Mr. Bartush is very reasonable in his fees, and they are a drop in the bucket compared to what you might lose if you try to do this on your own. Most in the Forestburg area, who get an attorney are receiving a 25% royalty with no production fees, and $600+ in leasing bonuses. Just be patient, and remember, if you don’t lease for the bonus, you might get pooled in anyway and they still take your oil/gas, so while you would probably get some royalty - that leasing bonus is nothing to sneeze at. My opinion only, but he who gets the better signing bonus/royalty is the one who hires an attorney and on top of that researches and becomes knowledgable on their own. The difference for my situation was that I worked for oil/gas attorneys in Dallas and I learned at from having done so. Knowledge is power - especially when it comes to any oil/gas company - large or small.
christina pollard said:
THANK YOU ALL AGAIN, IT IS SO HARD TO KNOW WHAT TO DO OR HOW TO PROCEDE BEING HERE IN CALIFORNIA AND SO UNFAMILIAR WITH TEXAS, AND MINERAL RIGHTS,