Oil/Gas/TOP LEASE FOR GAS/OIL
Advertisement
Question
TO WHOM IT MAY CONCERN,I'M HOPING THAT YOU CAN TELL ME THE GOING RATE PER ACRE FOR A GAS/OIL TOP LEASE IN BURLESON,TEXAS,ANY HELP WOULD REALLY BE GREAT ..
THANK YOU FOR YOUR TIME
This depends on how much negotiating power you have and it is directly related to the size of your land and the activity level in your area (among other things). It is also related to the success rate of the wells in your area.
Ask around at your local coffee shop or at church; also, you can ask your neighbors what they got.
You can also research the wells database for your area at the TX railroad commission website below.
http://www.rrc.state.tx.us/data/online/oilgasrecords.php
Finally, here are some tips for negotiating your lease.
http://www.tlma.org/oilgasleasechecklist.pdf
Good Luck!
Related Articles
Answers by Expert:
David Traugott
Expertise
I can answer questions related to the technical issues associated with the drilling and completing of oil and gas wells; very familiar with the cementing process, LWD tools and Coiled Tubing operations. Limited knowledge of mineral rights and/or royalties.
Experience
Fifteen years working as an engineer in the industry both in the field and in the office. Field locations include offshore, land, and overseas. Office locations include Lafayette, LA and Houston, TX.
Organizations
SPE, AADE, IADC, API, IEEE, ICoTA
Publications
SPE Drilling and Completion Magazine, World Oil, Harts E&P.
Education/Credentials
Bachelor of Science in Electrical Engineering, UL Lafayette 1995. Strategic MBA, University of Houston-Victoria 2010
Past/Present Clients
Major and Independent Oil and Gas Companies.
©2012 About.com, a part of The New York Times Company. All rights reserved.