AboutLaura M. FitzGerald, CPL Expertise I can answer all questions related to any oil and gas leases, mineral sales, pipeline right-of-ways, LA Dept of Conservation Units; negotiating with landmen for leasing your property, assisting in locating owners of suspended funds.
Experience 26 years in the field and owning my own land services company; being a royalty owner, and participating in drilling wells
Organizations American Association for Professional Landmen, ArkLaTex Assoc. of Professional Landmen, and Dallas Association of Professional Landmen (DAPL), Women's Business Enterprise National Council (WBENC)
Education/Credentials Certified Professional Landman, attended LSU, Notary Public
Question I received an offer of $75/acre 3/16 for 3 years on the following 10 net mineral acres in Okfuskee County.
SECTION 12 OF TOWNSHIP 11 NORTH, RANGE 07 EAST OF OKFUSKEE COUNTY, OKLAHOMA: NE/4 & NW/4 NE/4
It was the first offer, and I have not negotiated. 3/16 seems within a normal range but $75 seems low. Is there anything else I should ask in submitting a counter? Horizontal rights? Would $100 be realistic, and $125 high or even unrealistic? Should I ask for more than 3/16 in my first counter? Thanks in advance.
Answer yes, you should attempt to counter for a better offer. If you would like for me to see if some of the companies that I work with are interested in making an offer, I will be happy to do so.
Please contact my office at (318) 219-2464 and speak with Holly, should you choose to take this route.
However, responding to your specific questions, please note:
1) I do not think $125/acre is unreasonable and would ask for it;
2) I do think 3/16ths is reasonable -
3) Because you only have 10 acres, you will not have the negotiating leverage that a large property owner will have.
Again, if you desire, i will be happy to look into this for you.
