All: I was recently contacted by a Landman who offered me a Oil, Gas, and Mineral Lease on my 15 Acres of land in Beauregard Parish, LA. His offer was for a 3 yr lease for $200 an acre per year combined with a 22.5% royalty if they drilled and found anything. My question - Is this a fair offer for this area? What are the "current rates" for Bonuses and Royalties in this area? Thanks in advance,
Scott
I would not advise signing for any less than 25%. Companies who laughed and said that they would never pay 25% are now paying 25% to the few who held out and the most current price per acre on leases that are not already producing is $250- $350.
That is as of yesterday, February 23, 2011
Tonya
Scott,
Take a look at this http://www.gohaynesvilleshale.com/forum/topics/shale-bonanza-over-chesapeake
There is drilling activity in Shoats Creek and South Bearhead fields targeting the Wilcox.
Did the landman say who he represented?
Scott, we have property in Dry Creek, are they still leasing there. Did you hold out ? Praying for all of us ! Jessye