AboutLaura M. FitzGerald 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,
Experience 25 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,
Education/Credentials Certified Professional Landman, attended LSU, Notary Public,
Question I was approached about a lease on my 1.5 acres about a year ago and did not sign. They are now drilling a well 300 yds from my backyard. Can I still sell the lease for the 0.25 royalty? What would be the average potential income?
Answer yes, i actually would like to take the lease from you if i could. i'm going to set out a calculation based on estimates, NOT FACTS, ok:
if you lease for a 1/4th royalty and the well produces between 500-1000 mcf/day - you may realize anywhere from $200-$500 per month. HOWEVER, the well does not produce at a constant rate, it produces on a "declining rate", so one month is different from the next month.
if you would like to sell your mineral interest, for a larger amount than you would get if you leased it, i would be happy to discuss this with you. A mineral interest is held for 10 years, unless there is a producing well, which 10-year period does not start until the well ceases to produce. This is a mineral law of the State of Louisiana.
