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Drilling gas wells
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<blockquote data-quote="J&amp;amp;T Farm" data-source="post: 420469" data-attributes="member: 2314"><p>oh we are excited about it dont get me wrong, around here they have been using about 3 acres. Plus the road. And they don't want to pay much for damages. We did lease ours 3 years ago before there was ever any talk of drilling. This was 1 time we shouldn't have listened to the oldtimers they said lease and take there money that they have been leasing for 50 years and they never did anything. So we did we leased for 25 per acre and 1/8 royalty and now they are paying 700 per acre to lease and 1/6. But hindsite is 2020. We have had several people call us and they have offered 2000 per acre to buy or minerals but if they want it that bad then we decided we better keep them. We have been told that we were better off to lease for the 25 because the bonus money will be deducted as expenses before they start paying your royalties. So we will actually get paid before the people who got the 700 per acre. I don't know if this is true. But it was our mistake. We learn from our mistakes. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite10" alt=":oops:" title="Oops! :oops:" loading="lazy" data-shortname=":oops:" /></p></blockquote><p></p>
[QUOTE="J&T Farm, post: 420469, member: 2314"] oh we are excited about it dont get me wrong, around here they have been using about 3 acres. Plus the road. And they don't want to pay much for damages. We did lease ours 3 years ago before there was ever any talk of drilling. This was 1 time we shouldn't have listened to the oldtimers they said lease and take there money that they have been leasing for 50 years and they never did anything. So we did we leased for 25 per acre and 1/8 royalty and now they are paying 700 per acre to lease and 1/6. But hindsite is 2020. We have had several people call us and they have offered 2000 per acre to buy or minerals but if they want it that bad then we decided we better keep them. We have been told that we were better off to lease for the 25 because the bonus money will be deducted as expenses before they start paying your royalties. So we will actually get paid before the people who got the 700 per acre. I don't know if this is true. But it was our mistake. We learn from our mistakes. :oops: [/QUOTE]
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