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Oil/Gas/Leasing your land for a seismic shoot to be done


Godzilla wrote at 2014-01-04 03:40:28
I disagree with the above. They won't drill on your property if you make it too onerous on them. Read the option carefully- they will have a lease attached that provides for the drilling and royalties. Give them 2 years on the option, 3 years on the lease and the option to extend. The lease bonus now will pale in comparison to what you can make if they make a well. Also make sure that they repair and maintain roads and gates and fences. Chances are you'll get new roads on your property. They are not the enemy and they'll be glad to work with you if you work with them, not against them.  


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James H. McConnell, CPL


READ CAREFULLY BEFORE ASKING ME A QUESTION I will try to answer questions about Oil & Gas leases, minerals, royalties, and servitudes, if the questioner has provided a good description of the lands. I require a section, township and range for any land not in Texas. I require a survey name and an abstract number if the lands are in Texas. I will answer questions about offers to lease or purchase mineral interests only if all terms of the offer are in the question, including the term of the Lease or conveyance, the royalty and the amount offered. Failure to provide this information will result in the question being rejected. I have answered more than 3800 questions on this site and get as many as fifty in one day. I do not have the time nor am I inclined to deal with detailed questions requiring an attorney. I am not a substitute for an attorney. If you do not write in a cognizant form, I will reject your question. If you have done real research and have a question I find interesting, I will answer it. If you haven't done any research on your own, I will not do it for you. If you do not rate the first answer, do not send a follow up, because I will reject it.


I have been a Professional Landman for more than thirty five years. I have drilled and operated oil & gas wells in Louisiana and Texas and an familiar with the rules and Regulations of the Texas Railroad Commission and the Louisiana Department of Conservation. I have testified in court as an expert witness.

American Association of Professional Landmen CPL #5303

BA NSU, 1971

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