Section 10 Carter County–I have some minerals in this section and have been receiving offers to buy or lease. There is a proposed well to be drilled sometime after the Corporation Commission, and any other concerned courts finally settle the current disagreements including which drilling company will do the well. Can anyone that knows anything on this area please tell me recommended lease offer amounts to consider? Thanks very much
There are many section 10s in Carter County. You need to give the full township, range and section to get help on the forum.
I’m wondering about the potential drilling that’s causing all the paperwork a lot of people are receiving on legal hearings involving minerals on and around Sections 10-3S-1E and 15-3S-1E.
Thank You
The Cases themselves tell the story. Look especially at the Multi-unit horizontal cases exhbits to see where the pending horizontals are planned to be. Sycamore, Caney Woodford reservoirs.
Mineral owners in the sections are likely to get lease offers from various companies. You can either lease or wait for forced pooling. Pros and cons to each. If you are new to leasing, recommend that you get a good oil and gas attorney to review any draft lease as they are rarely in the favor of the mineral owner. Most savvy mineral owners would want the highest royalty because the revenue from one or more horizontal wells over decades will far outweigh a one time bonus for a lower royalty.