Please excuse me if this is a silly question, but we have one parcel of land in south east Lavaca County that is over a thousand acres. There is production all around, but no land men have come calling. What can we do?
Go to the County Clerk's office and look up the leases that your neighbors signed (search for their names in the Grantor Index). Write down the name and address for the company or companies to which they leased, and contact those companies yourself. They are the ones most likely to lease to you. Try to have your legal description and plat available for inspection, if possible. If they are not interested, try again every 4-6 months, especially if your neighbors start getting royalty checks.
Also make sure the parcel is in your name and not some deceased ancestor's name.
Thank you, Wade and Pete for the great advise! Kathleen
It took me almost two years for the company leasing my neighbors to finally cut me a bonus check, so it might take some time.
Some of God's greatest blessings are unanswered prayers. Considering the price of the product now days, maybe the best place for that stuff under your property is in the ground. When you sign a lease, that stuff becomes the property of the oil company. They then charge you for their expenses for "compression and transportation." By the time they pay you, they have nickeled and dimed you down to nothing. And you still have to pay property taxes on those wells.
You want that stuff to come onto the market when the price is high. There is no sin in not signing a lease.
Don't get me started on what they do to the property!
Hey, Kathleen -
If you will send me your legal description(s), I will take a look at your area and get you some company names and contact information that might be interested in looking at your land.
Hope this helps -
Charles
Charles Emery Tooke III
Certified Professional Landman
Fort Worth, Texas
Hi Charles, I would love to send you the legal description. How do I contact you? Will you send me an email? kmcculloch4241@yahoo.com