What are gaines county tx leases going for lately?

[Max_Richards]

I have a lease offer for $250 per acre is that too low?

[AJ11]

Where are your minerals located?

Lease agreement good/bad

If you own a significant percentage of the section you are in a better position than if you have only a few acres. What is the name of the company who contacted you and are they leasing for a publicly traded company? [See “Oxy leasing in Gaines county” thread] Do you own the minerals and the surface/land? I have spoken with two very savvy oilmen who have leased minerals to companies for $750/acre a few miles south of Seminole. One leased quite a few acres and the other’s minerals were very clos…

Oil lease bonus rates in Gaines County TX?

It looks like Ring Energy paid $755/acre north of Seminole in this lease. I wonder if the lease’s “no deductions” language would prevent post production deductions for a non-governmental lessor? U.S. Lease Price Report is a subscription service. Ring Energy and Oxy have leased and appear to continue to be leasing a considerable amount of land in Gaines county. See the Ring Energy corporate presentation. Why bonus rates on the Central Basin Platform may generally be lower than those on the Midlan…

[Ronnie_Reeves]

Sounds low for Gaines County.

[AJ11]

This is a link to a map viewer which shows Blackbeard Operating activity in north Andrews county. Is this the same Blackbeard which contacted you?

[Max_Richards]

I think it is the same company. I’m not sure about the location I live in Westbrook and have been there in 40 years. I hope my sister can help with that.

Thanks Max

[Michelle_Osborne]

Yes, AJ, it appears to be.

[AJ11]

Blackbeard Energy, LLC in Dallas does not appear to be connected to Blackbeard Operating in Midland.

[William_G_Terry_Jr]

Blackbeard Energy, LLC filed as a Domestic Limited Liability Company (LLC) in the State of Texas and is no longer active. This corporate entity was filed approximately five years ago on Thursday, April 24, 2014 as recorded in documents filed with Texas Secretary of State.

[Michelle_Osborne]

AJ, I’ve been contacted again by Blackbeard Resources, but they are not increasing their offer and are only offering $350/nma, 20%, for three years without a renewal option. These seems very low and I do not feel comfortable accepting anything less than 25%. Their rep says they simply will not agree to anything more than 20%, but he might be able to get $400/nma. Your thoughts, please?

[AJ11]

Michelle, Did you open the links in my Feb 23 post in this thread? Also, I sent you a personal message. The notification should appear as a smaller blue circle above the larger circle at the top right hand side of the page.

[blegal]

I do not see any comment about amendments to the oil and gas lease. How do people feel about such amendments (riders) such as depth of lease; protection of subsurface, etc. I am really concerned about the language I am seeing in leases about a perpetual easement for well bores that are not going to benefit my minerals,