About Laura 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,
Expert: Laura M. FitzGerald Date: 5/1/2008 Subject: North Louisiana lease questions
Question We have mineral rights on several hundred acres in north Louisiana, located roughly where Claiborne, Webster, and Bienville Parishes meet. The signing bonus is about $1800/acre for a 2 year lease. Questions:
1. does this amount and term sound reasonable.
2. Any thoughts on royalty percents in this area, I've heard 20-25% generally speaking.
3. how close are wells drilled in this area, or typically. I think the wells would be about 12,000 ft deep.
Answer nO, no, nO, This does not sound right. PLEASE call me ASAP at 318-458-3183 or 318-219-2464,x100 - and let me help you with this. This is too low.
Definitely you can get 25%;
it depends on if they are horizontal wells or vertical wells. Horizontal wells would be about 3-4 per section; vertical wells would be probably 16 per section.
Please call and let me help you.
