re: Tuscaloosa Marine Shale

quote:

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Every play is different and the needs of every individual are different. The guy who has $10 million in the bank and no debt is obviously going to approach leasing differently than the person who is living paycheck to paycheck. Lease rates are going to differ if you are next to existing production, are in a proven area, etc. An area with competition usually will bring higher results than a conventional prospect with one independent making an offer. People should be wary of attorneys or other "advertised professionals" who want to manage their minerals and take a cut of the leasing and production. A lot of people learned first hand over the last few years why involving these kinds of outfits can be a bad idea.

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This is more what I was getting at, a person with 3 acres is going to approach this differently than a person with thousands of acres. Taking the first offer if you have the former isn't going to cause you to lose out on much, but if you're in the later situation you could miss out on hundreds of thousands if not millions of dollars if you don't know what you are doing.