My father passed last year and my brother and I inherited his mineral rights. We were contacted by R.D. Davis & Associates and executed a 3 year lease. Terms seemed standard to what I've seen in this forum. The person that we worked with indicated that they were going to be drilling and weren't just speculating. The mineral rights have been in our family a long time. This is the first time that I know of that someone was looking to drill. It seems that there is drilling activity in Love County. Is there any way to follow up or understand what is going on in Love County? I'm a long ways away and this is all new to me. Any suggestions?
Craig,
Congratulations on your lease. Since the 1st of January 2013 there have been 3 permits issued for drilling in Love County. Be patient. Drilling wells goes at a snails pace sometimes. Now that you are a member of the Love County Group, emails will be sent to you every time I post a new permit or a County Member has a discussion or information to pass along. Maybe the next permit for a well will be yours.
If you don't mind telling what was the bonus and royalty percentage on your lease? It is good to share this information with other Group Members. Thanks.
Clint Liles
Clint: The bonus was $500 per acre. The royalty was 3/16ths. It was for three years. Hope that helps. Thank. Craig
Clint Liles said:
Craig,
Congratulations on your lease. Since the 1st of January 2013 there have been 3 permits issued for drilling in Love County. Be patient. Drilling wells goes at a snails pace sometimes. Now that you are a member of the Love County Group, emails will be sent to you every time I post a new permit or a County Member has a discussion or information to pass along. Maybe the next permit for a well will be yours.
If you don't mind telling what was the bonus and royalty percentage on your lease? It is good to share this information with other Group Members. Thanks.
Clint Liles