Oil & gas discussion group for those interested in Smith County, MS. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Any activity in the area? I have interest in Sections 1 and 2, Township 2 North, Range 6 East. I live out of state.
Thanks!
Lease offer in the mail today for Sec 23, T10N, R14W. Anyone else getting offers?
Haven't had any offers but my interest in Sec. 23, 10N 14W is very, very small. Have other minerals in sections close by however. Will post here if I ever hear from anyone with a lease offer. What kind of offer did you get?
We were just notified we are heirs to mineral rights for property in Smith County, Mississippi. My great uncle on my father’s side had 6 siblings. He and a sister had no children; therefore, the rights go to the heirs of this uncle’s four siblings. My grandfather was one of his brothers. We have 14 heirs from my grandfather’s side and I understand 1/4th rights. I just provided the names, addresses, and phone numbers to the person tracking own heirs and it is my understanding he will submit to whomever is wanting to exercise those rights. I don’t have any of the info and am also waiting to be advised the next steps we take to get the rights changed to our names.
Can you advise what type of drilling is currently going on in Smith County or what, if any, is planned? Any info you can provide is appreciated. Thanks.
I am sorry I didn’t proofread before sending. I meant to say: we are waiting to learn the steps of what we need to do to have the records updated in our names.
The land is Section 27, Township 3 North, Range 8 East. We live in Tennessee. Are you familiar with this property or can you provide any info with this property? I understand we have rights to 30 acres of a 60-acre plot.
Thanks.
Has anyone had any dealings leasing with Renaissance Petroleum?
Just received a lease offer today for Township 10 North Range 14 West from Savannah Oil & Gas. It has the option of a straight lease or to farm out my interest. There is also a chance of being forced pooled if I don’t choose door #1 or door #2. Any ideas on a lease vs a farmout? It is only for an acre or two, so it’s not a life or death decision.
Signed a lease for $200 per acre and 18% for T10N R14W and waiting for bonus check.
Another well is being put down in Section 21, and I understand that after the first of the year (2015) another will be drilled there as well as one in Section 22. In August, Sklarco leased our land in Section 23, Township 10N, Range 15W.