Hello, I just received an offer to lease my land just up from Robertson co on hwy 79. Just up from the Navasota. Is $260 an acre a reasonable offer ? Thanks Joe
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A better description of location is needed…as in Abstract # , Section and Block #. And for sure…what County are your minerals located in… Is this offer for a vertical well or horizontal well to be drilled?
$260 sounds extremely low, is this to lease or buy?
Don’t take the first offer.
Sorry, It’s in Leon county.
99.2 acres in the RJ Calder survey,A199.
505.99 acres, being 320 acres in the BW Lewin survey A485, 80 acres in the PW McNeice survey A 590, 77.44 acres in the JC Evans survey A263, and 28.55 acres in the Thomas Carr survey. A207.
2.6 acres in the Hirem Ferrill survey , A284.
I recently sold some of this, so I only own 75 percent. The landman says the offer of $12000 is based on my having 46 acres .?
I tried to explain to him that the land is held by xto due to my not knowing to get a pugh clause in the lease. Some of the land is pooled with the King Cobra well in the Christian Stucky survey. A few months ago the well was shut in. The landman says the land is leasable due to the inaction and non production. I think they can hold it simply by paying the shut in payment. In any event, he said the new lease will not include a warranty of any kind.
I agree. The bonus payment seems a little low.
Thanks for the help.
Joe
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