O&G Landman knocking on my door for 'lease' | TigerDroppings.com

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lnomm34
USA Fan
Louisiana
Member since Oct 2009
8081 posts

O&G Landman knocking on my door for 'lease'



Someone explain this shite to me. This guy dropped something off in my mailbox one day, I called him and told him to never do that shite again. He didn't mail it, he simply put it in my mailbox.

Anyway, fast forward several weeks and he's in my damn driveway talking to me about leasing my mineral rights. This was a few months ago, and he just showed up at my door again today.

I own a city lot, which is about 0.2 acres. I am not going to strike it rich with oil and/or gas.

Why in the hell is he beating me down to lease my mineral rights out to him/the oil company?







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Geauxld Finger
LSU Fan
Baton Rouge
Member since Jan 2005
24967 posts

re: O&G Landman knocking on my door for 'lease'


they want to purchase the mineral rights of you and your neighbors. you probably have access or deposits under your property.





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777Tiger
LSU Fan
Member since Mar 2011
14078 posts

re: O&G Landman knocking on my door for 'lease'


money for nothin'





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lsuhunt555
Oral Roberts Fan
Member since Nov 2008
22092 posts

re: O&G Landman knocking on my door for 'lease'


Careful. My grandparents had someone do this to them, had the paper work looked at...it was a total scam trying to get them to sign over mineral rights.





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boom roasted
Member since Sep 2010
20402 posts

re: O&G Landman knocking on my door for 'lease'


$




This post was edited on 1/16 at 4:59 pm


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777Tiger
LSU Fan
Member since Mar 2011
14078 posts

re: O&G Landman knocking on my door for 'lease'


and then again he might be offering 25-30k/acre, which is what we got





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Geauxld Finger
LSU Fan
Baton Rouge
Member since Jan 2005
24967 posts

re: O&G Landman knocking on my door for 'lease'


have an attorney look over the papers. call the company etc. its its legit...PROFIT then hookers and blow





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lnomm34
USA Fan
Louisiana
Member since Oct 2009
8081 posts

re: O&G Landman knocking on my door for 'lease'


quote:

they want to purchase the mineral rights of you and your neighbors. you probably have access or deposits under your property.



Right, may be. But even IF I do, it's a minute slice of a pie. Coupled with the fact that even IF I do have minerals that are worth something under my land, wouldn't I be entitled to something directly from the oil company?

This guy is just someone who is trying to get them from me (and all of my neighbors) for next to nothing and he'd reap the benefits, am I correct?

I rather just hold out and see what happens. That's been my strategy so far any way. I don't need $150 that badly.



This post was edited on 1/16 at 4:58 pm


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Geauxld Finger
LSU Fan
Baton Rouge
Member since Jan 2005
24967 posts

re: O&G Landman knocking on my door for 'lease'


quote:

Right, may be. But even IF I do, it's a minute slice of a pie. Coupled with the fact that even IF I do have minerals that are worth something under my land, wouldn't I be entitled to something directly from the oil company?

This guy is just someone who is trying to get them from me (and all of my neighbors) for next to nothing and he'd reap the benefits, am I correct?

I rather just hold out and see what happens. That's been my strategy so far any way. I don't need $150 that badly


correct sir






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boosiebadazz
Member since Feb 2008
46084 posts

re: O&G Landman knocking on my door for 'lease'


oil companies hire landmen as the the middle man

have an attorney read over the documents to make sure he isnt trying to screw you, but this is how it works







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Northgate
LSU Fan
Member since Jul 2012
2527 posts

re: O&G Landman knocking on my door for 'lease'


Isn't there a movie about this?





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beulahland
LSU Fan
Little D'arbonne
Member since Jan 2013
1804 posts

re: O&G Landman knocking on my door for 'lease'


you get money and dont hafta do nuttin. are you exercising your mineral rights for financial gain at the moment?





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lsu480
LSU Fan
Downtown Scottsdale
Member since Oct 2007
73929 posts

re: O&G Landman knocking on my door for 'lease'


Why don't you talk to him and see what he has to offer





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TH03
Notre Dame Fan
Member since Dec 2008
98838 posts

re: O&G Landman knocking on my door for 'lease'


quote:

I own a city lot, which is about 0.2 acres. I am not going to strike it rich with oil and/or gas.


then quit being a pussy and sign the lease. It's free fricking money.


you small lot owners who act like you're important are the people I despise the most






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TH03
Notre Dame Fan
Member since Dec 2008
98838 posts

re: O&G Landman knocking on my door for 'lease'


quote:

I rather just hold out and see what happens.


and you will be left behind and ignored. they don't give a shite about your .2 acre lot, they just want to get as close to 100% of the unit leased as they can.






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beulahland
LSU Fan
Little D'arbonne
Member since Jan 2013
1804 posts

re: O&G Landman knocking on my door for 'lease'


quote:

access

if he has access, he ought to start drillin.






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777Tiger
LSU Fan
Member since Mar 2011
14078 posts

re: O&G Landman knocking on my door for 'lease'


quote:

I don't need $150 that badly.

I don't follow your logic. Your going to "show him" by refusing money? If here's production resulting in royalties, they'll be paid to yo pro rata. RTFC!






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boom roasted
Member since Sep 2010
20402 posts

re: O&G Landman knocking on my door for 'lease'


quote:

you small lot owners who act like you're important are the people I despise the most


Why do you despise people that don't want to sell their mineral rights? That's a weird thing to despise.






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lnomm34
USA Fan
Louisiana
Member since Oct 2009
8081 posts

re: O&G Landman knocking on my door for 'lease'


I did. I took the paperwork and read it over. I threw it away since, but if I remember correctly, it ended up being like he'd pay me $150 then I'd get some ridiculously small portion of some other ridiculously small portion. I calculated it and there is no way it would be worth my while.







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lnomm34
USA Fan
Louisiana
Member since Oct 2009
8081 posts

re: O&G Landman knocking on my door for 'lease'


quote:

I don't follow your logic. Your going to "show him" by refusing money? If here's production resulting in royalties, they'll be paid to yo pro rata. RTFC!



RTFC?






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