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re: OT oil tycoons that have property with oil/gas leases, a question:
Posted on 5/15/14 at 10:34 am to Corkfather
Posted on 5/15/14 at 10:34 am to Corkfather
Back to the rig, hand.
Let the desk jockeys help this guy out
Let the desk jockeys help this guy out
1
Posted on 5/15/14 at 10:36 am to Corkfather
quote:
McMullen county
That's smack-center of the Eagle Ford, near Tilden and Pleasanton and all that.
Yeah, we are a few miles outside of Tilden. The OP said his land was in Atascosa county, where Pleasanton is, so I think he could be in for a decent payday if he is around that area.
Posted on 5/15/14 at 10:39 am to Bussemer
quote:
Let the desk jockeys help this guy out
<---
I got my TD on one screen and map on the other...This post was edited on 5/15/14 at 10:41 am
Posted on 5/15/14 at 10:48 am to MillerMan
The southern part of Atascosa is fringy EF...the northern part has some Pearsall...it's not the land of the big payday at this point...south into Live Oak and McMullen is premium...congrats.
Posted on 5/15/14 at 12:09 pm to Corkfather
quote:
This is true. The OP originally said SW Texas, Atascosa is NOT Southwest. I thought he was talking more like Del Rio, San Angelo area.
Yeah, maybe i overshot my location some.
It is a O/G, Mineral lease.
Posted on 5/15/14 at 12:17 pm to saltybulldog
One other thing that has not come up...
Do you or your family have money, or is anyone involved in the O&G business?
I only ask because another option is "going down the hole" with the company. You can pay your pro rated share of expenses and collect 100% royalty.
If it's a dry hole you are out the money. That's why I ask if y'all have disposable investment income or anyone in the business.
That really is the best option, but you better know what you are doing or have someone looking out for you that knows what they are doing.
Do you or your family have money, or is anyone involved in the O&G business?
I only ask because another option is "going down the hole" with the company. You can pay your pro rated share of expenses and collect 100% royalty.
If it's a dry hole you are out the money. That's why I ask if y'all have disposable investment income or anyone in the business.
That really is the best option, but you better know what you are doing or have someone looking out for you that knows what they are doing.
Posted on 5/15/14 at 12:20 pm to GaryMyMan
quote:
A standard lease pays 3/8 these days, my dad always tries to get them to 1/5 or 1/4.
Your father sounds like quite the business man!
Posted on 5/16/14 at 12:02 pm to saltybulldog
(no message)
This post was edited on 8/8/20 at 11:19 am
Posted on 5/16/14 at 12:21 pm to saltybulldog
You want your royalties paid to you before costs are taken out.
You want it specified that all surface rights are still yours and if a site is chosen on your land than an addition $$$$$$ will be owed
You want a depth clause so that if they want to drill past the specified distance it will cost $$$$$$$
You want it specified that all surface rights are still yours and if a site is chosen on your land than an addition $$$$$$ will be owed
You want a depth clause so that if they want to drill past the specified distance it will cost $$$$$$$
Posted on 5/16/14 at 12:23 pm to bulldog95
quote:Well yeah, we're talking about royalty interests here not working interests. Of course taxes will be taken out, but that should be the only deductions I would think
You want your royalties paid to you before costs are taken out.
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