You shouldn’t have any liability risks, but if your worried ask for an indemnification clause, they usually throw that in no problem. I would counter at 400 and 1/5 and do the deal on a three year term and two year option. From what ive seen this area has high and low points so I would close the deal soon and get the money and hope for the best on production. All the forms are filled with small font and big words. Ask the landman to explain anything you do not understand.
Good Luck
I, also have been contacted regarding 27 acres in this same 400 acre Manual Skinner Survey, A-27. Somewhere along the line, our relatives must have been connected. I have thus far negotiated a better deal with Mr. Stewart and am also in contact with the drilling company. Perhaps together, we can negotiate a great deal for our families. I am contacting an Attorney in Texas today to review the lease. Let me know if you want to discuss this further.
Lawson Fisher said:
I just got a lease offer for mineral rights I only just learned I owned in Leon TX. How do I determine that this is a good offer? Do I need to worry about any liability risks? I got a standard looking form from Kanes Forms(tm) in Midland. They sure like small fonts and long words!
Rick Stewart Enterprises made the offer on 40 acres I jointly own with my siblings. $200/acre for a 5 year term and 1/6th royalty. They have the right to pool with adjacent land up to 400 acres total. Shares are prorated my acreage.
Location is Manual Skinner Survey, A-27, Leon County. Is there current activity in the area?
thanks
Lawson
I think my family would be very interested in joining up with you for our mutual advantage.
Not sure how to send personal emails in this forum, so feel free to contact me.
thanks
--
Lawson
Stacy Seibert said:
I, also have been contacted regarding 27 acres in this same 400 acre Manual Skinner Survey, A-27. Somewhere along the line, our relatives must have been connected. I have thus far negotiated a better deal with Mr. Stewart and am also in contact with the drilling company. Perhaps together, we can negotiate a great deal for our families. I am contacting an Attorney in Texas today to review the lease. Let me know if you want to discuss this further.
Lawson Fisher said:I just got a lease offer for mineral rights I only just learned I owned in Leon TX. How do I determine that this is a good offer? Do I need to worry about any liability risks? I got a standard looking form from Kanes Forms(tm) in Midland. They sure like small fonts and long words!
Rick Stewart Enterprises made the offer on 40 acres I jointly own with my siblings. $200/acre for a 5 year term and 1/6th royalty. They have the right to pool with adjacent land up to 400 acres total. Shares are prorated my acreage.
Location is Manual Skinner Survey, A-27, Leon County. Is there current activity in the area?
thanks
Lawson
lawson:
i hope you have not signed for this offer you shoud get $1000 per acre and 1/4 minerals in that area
call halcon in houston tx. they are drilling in manual skinner survey at this time.
Lawson Fisher said:
I think my family would be very interested in joining up with you for our mutual advantage.
Not sure how to send personal emails in this forum, so feel free to contact me.
thanks
--
Lawson
Stacy Seibert said:I, also have been contacted regarding 27 acres in this same 400 acre Manual Skinner Survey, A-27. Somewhere along the line, our relatives must have been connected. I have thus far negotiated a better deal with Mr. Stewart and am also in contact with the drilling company. Perhaps together, we can negotiate a great deal for our families. I am contacting an Attorney in Texas today to review the lease. Let me know if you want to discuss this further.
Lawson Fisher said:I just got a lease offer for mineral rights I only just learned I owned in Leon TX. How do I determine that this is a good offer? Do I need to worry about any liability risks? I got a standard looking form from Kanes Forms(tm) in Midland. They sure like small fonts and long words!
Rick Stewart Enterprises made the offer on 40 acres I jointly own with my siblings. $200/acre for a 5 year term and 1/6th royalty. They have the right to pool with adjacent land up to 400 acres total. Shares are prorated my acreage.
Location is Manual Skinner Survey, A-27, Leon County. Is there current activity in the area?
thanks
Lawson