We are talking with our original landman that we signed with back in 2011. Our family owns 10 acres north of Catarina near US 83.
I’m interested in a few things:
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Is a renewal offer a good sign despite not seeing any well/royalty activity as of yet?
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Our original terms were $1,500/acre plus 25% royalty, should we expect to be able to go up, up significantly, or stay near that?
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Our landman has been very persistent which leads me to believe they are willing and ready to re-sign & I want to do the best we can.
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We are with Rosetta Resources which I don’t hear much of. I do hear a lot about Chesapeake, however.
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If we stall and take an opportunity for other companies to come in, could this help our process?
I have appreciated the resource of this forum, specifically the Dimmit County group, and the opportunity to hear other owner comments has helped greatly & hope I can help others as well!
Any comments or thoughts are appreciated as we will be working on this for the next week or so…
Thank you,
Jeff Bullard