Most mineral owners are under the impression that if they receive an oil and gas lease offer that they are limited to negotiating a lease with only the company that has approached them.
The truth of the matter is that there are often many companies interested in leasing a property, and the most valuable aspects to a lease are what the actual written lease terms are, and the dollar bonus that is offered as consideration for executing the lease.
The key to obtaining the most valuable and favorable lease for the mineral owner is to be as educated about the leasing activity in your area as possible.
A review of the county property records, railroad commission records, subscription based industry services, and reaching out to our network of colleagues in the industry can typically result in a clear picture of what type of activity is occurring in a particular region, and what a mineral owner can expect from their oil and gas lease.