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Mineral Rights Lease Question
Posted on 7/14/14 at 11:56 am
Posted on 7/14/14 at 11:56 am
Just leased mineral rights. What are the chances, or give me a percentage, that this ends up paying off besides the signing bonus?? Thanks in advance.
6
Posted on 7/14/14 at 12:00 pm to Jctgr
Where'd you lease? We have land in Walker,LA.
Posted on 7/14/14 at 12:05 pm to Jctgr
Well the chance is anywhere between 0% and 100% depending on your exact circumstances.
Posted on 7/14/14 at 12:43 pm to Jctgr
Uhh... if there is oil or gas under your land that is easily accessible, chances are pretty good.
Without knowing that... who knows.
Without knowing that... who knows.
Posted on 7/14/14 at 1:13 pm to LSUFanHouston
How much was the signing bonus?
Posted on 7/14/14 at 2:40 pm to thelsutigers
They wouldn't lease it if they didn't think something was there, huh???
Posted on 7/14/14 at 2:43 pm to Jctgr
quote:
They wouldn't lease it if they didn't think something was there, huh???
It doesn't mean they'll drill it though. Where is it, and who leased it?
Posted on 7/14/14 at 3:04 pm to PetreauxCat
In mississippi and it's a company out of Shreveport
Posted on 7/14/14 at 3:10 pm to Jctgr
PAR minerals
Posted on 7/14/14 at 3:19 pm to PetreauxCat
quote:
It doesn't mean they'll drill it though. Where is it, and who leased it?
This! Huge sums of money were paid in bonus money for leases in the Haynesville shale that were never drilled.
Posted on 7/14/14 at 5:07 pm to Jctgr
quote:
What are the chances, or give me a percentage, that this ends up paying off besides the signing bonus??
There's really no answer to that question. But that company operates a lot of wells so they're not some fly-by-night outfit.
Posted on 7/14/14 at 10:13 pm to Jctgr
Companies buy leases for a lot of reasons, sometimes just to have it so a competitor can't. If the land has to be shot for seismic you should get some money for that as well if you own the surface rights.
Posted on 7/15/14 at 3:50 pm to Jctgr
Where in Ms?
Posted on 7/15/14 at 3:53 pm to FelicianaTigerfan
quote:Don't answer this unless you want your nutsack fracked off the side of your arse.
Where in Ms?
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