Leasing Your Mineral Rights (???)

Flint · 09-19-2007, 03:28 PM

Drilling for natural gas is huge right now, in my area. These people want to lease the mineral rights on my land, for a signing bonus of about $1,000. Royalties later, if applicable.

What's the catch? I'm naturally distrustful. I also know that a dry well is a liability, not an asset (plugging wells is expensive, but not as expensive as the fines); so I don't want any part of the risk in this venture. However, it appears that they want to hand me $1,000 for doing nothing.

That sounds too good to be true. There has to be a catch.

I sure could use that $1,000 though. My neighborhood negotiated a group deal, so supposedly this is a better price than I could get on my own.

Anyone have any experience with leasing mineral rights?

09-19-2007, 03:28 PM	#1
Flint Snowflake Join Date: Mar 2006 Location: Dystopia Posts: 13,136	Leasing Your Mineral Rights (???) Drilling for natural gas is huge right now, in my area. These people want to lease the mineral rights on my land, for a signing bonus of about $1,000. Royalties later, if applicable. What's the catch? I'm naturally distrustful. I also know that a dry well is a liability, not an asset (plugging wells is expensive, but not as expensive as the fines); so I don't want any part of the risk in this venture. However, it appears that they want to hand me $1,000 for doing nothing. That sounds too good to be true. There has to be a catch. I sure could use that $1,000 though. My neighborhood negotiated a group deal, so supposedly this is a better price than I could get on my own. Anyone have any experience with leasing mineral rights? __________________ **************** There's a level of facility that everyone needs to accomplish, and from there it's a matter of deciding for yourself how important ultra-facility is to your expression. ... I found, like Joseph Campbell said, if you just follow whatever gives you a little joy or excitement or awe, then you're on the right track. . . . . . . . . . . . . . . . . . . . . . . . . . . Terry Bozzio**

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