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06-29-2008, 03:24 PM
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Queen of catfish
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Join Date: Jan 2007
Location: Hughes County, Oklahoma
3,160 posts, read 2,968,481 times
Reputation: 910
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That's quite a bonus per lot. They must think there is a lot of oil or gas under your land. Good luck, Synopsis!
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07-08-2008, 08:39 PM
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Junior Member
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Join Date: Jul 2008
1 posts, read 1,378 times
Reputation: 10
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Do I sign?
I just got an offer of 3/16 royalties and probably $150 acre signing.
The signing could be up to $1200 an acre (I need to clarify). There are 8 of us that own part of the mineral rights and I need to clarify whether the signing was $150 total or my part.
The mineral rights are in McClain county. I was told many years ago that there was oil there.
Should I be asking for more?
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07-08-2008, 08:41 PM
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Junior Member
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Join Date: Jul 2008
1 posts, read 1,378 times
Reputation: 11
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I received an oil, gas and mineral lease offer for 125 acres in Lee County Texas. The offer was $150.00 per acre. Oil has already been found in Giddings Texas near our property years ago and is still producing. Someone showed me an offer they received in Marshall Texas for $500 an acre. What is a good price?
Last edited by selectlady; 07-08-2008 at 08:44 PM..
Reason: had to add a word
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08-20-2008, 02:53 PM
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Curmudgeon
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Join Date: Sep 2007
Location: Pawnee Nation
3,929 posts, read 2,178,251 times
Reputation: 2237
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I don't know exactly where, but down near McAlester a fella just leased his 200 acres for 2 years at $1,700 an acre.
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09-27-2008, 12:07 AM
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Junior Member
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Join Date: Sep 2008
1 posts, read 1,071 times
Reputation: 11
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Help!
New to this oil and gas leasing. Have property in Pawnee County, Oklahoma have been offered $35.00/acre for a 3 year lease and 1/6th royalty. What do I do?
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09-28-2008, 10:31 AM
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Get rid of that stinkin thinkin!
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Join Date: Oct 2006
Location: Fort Worth/Dallas
11,911 posts, read 9,443,604 times
Reputation: 4740
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With the Barnett (sp?) shale underneath us here in the mid cities area of DFW, our neighborhood association (not one of THOSE NAs, but one specifically for negotiating a better lease agreement) negotiated a $20,000.00 per acre signing bonus.
Although we only own 1/3rd of an acre, that's still more than $6K we will get in about two weeks. In addition to that, they negotiated for better royalties. The neighborhood association is made up of a former Hurst Mayor and other city leaders.
Hurst Neighborhood Association
I was amazed to find out that we all own the mineral rights to our property here in Hurst. |
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09-29-2008, 04:51 PM
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Curmudgeon
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Join Date: Sep 2007
Location: Pawnee Nation
3,929 posts, read 2,178,251 times
Reputation: 2237
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Hire an oil reserve appraiser.......get someone who has experience reading the logs and knows production. Absent that, contact other oil companies and see what they will offer........
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12-02-2008, 07:37 PM
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Junior Member
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Join Date: Dec 2008
2 posts, read 1,674 times
Reputation: 10
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rebecca
We have property in Stuart, OK. Our mineral leases are expiring. How much should we lease them for? Presently they have not drilled on that property. BP is getting ready to drill there but our lease will be up first.
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12-02-2008, 07:45 PM
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Senior Member
Status:
"Obama is somthing you can barf about."
(set 18 days ago)
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Join Date: Nov 2006
Location: Oklahoma(formerly SoCalif) Originally Mich,
7,146 posts, read 3,567,678 times
Reputation: 1986
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Quote:
Originally Posted by rebeccaannnichols
We have property in Stuart, OK. Our mineral leases are expiring. How much should we lease them for? Presently they have not drilled on that property. BP is getting ready to drill there but our lease will be up first.
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Double what ever they offer. |
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12-02-2008, 08:11 PM
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Junior Member
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Join Date: Dec 2008
2 posts, read 1,674 times
Reputation: 10
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Rebecca
Why do you say double there offer. Do you know what BP is paying per acre
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