Petro drilling near my neighborhood, need advice

[sniper7]

After talking to Jim I think I'll just sell it and call it good. See if I can exclude the mineral rights in the sale of the house and keep the money coming if it is worth while.

quick question, though, I thought of calling them and asking for 20-22% and maybe a bigger signing bonus. Has anybody done that successfully?

[ColoradoTJ]

After talking to Jim I think I'll just sell it and call it good. See if I can exclude the mineral rights in the sale of the house and keep the money coming if it is worth while.

Smart decision.

[Great-Kazoo]

After talking to Jim I think I'll just sell it and call it good. See if I can exclude the mineral rights in the sale of the house and keep the money coming if it is worth while.

quick question, though, I thought of calling them and asking for 20-22% and maybe a bigger signing bonus. Has anybody done that successfully?

You know Mister Douglas. This here is knotty pine. Cost extra for them

[Dlesh123]

After talking to Jim I think I'll just sell it and call it good. See if I can exclude the mineral rights in the sale of the house and keep the money coming if it is worth while.

quick question, though, I thought of calling them and asking for 20-22% and maybe a bigger signing bonus. Has anybody done that successfully?

Likewise, we did. 6 yrs ago had three companies competing for leases. So yes you can negotiate, probably not as much leverage at the moment, one of my leases expired last year on acreage, nobody beating the door down to re lease it.
landmen mess up occasionally. A company drilled two wells and only after producing for three months did they discover that the surface owners did not own the mineral rights. Was a recipient of a pleasant surprise, we had inherited the mineral rights and did not know it. contemplated the sharing of revenues of the well, but eventually decided that sharing in the potential refracking or horizontal drilling costs far exceeded my financial capabilities, and as it has turned out, wells did not produce very long.

These are all in the Greeley, Eaton, Pierce area.
For starting investigation, some oil and gas attorneys will give you a 30 min free consultation for some basics. It can get very complicated, quickly. For example only leasing at a specific depth range for oil and gas, a different lease with a different company for a deeper formation for oil and gas or different terms for the other formation.
Of course there could be other minerals as well in the ground besides oil and gas.

Good luck
PS, Jims advice is probably right on, get the best lease you can, sever the mineral rights in the land sale, and get a little to maybe a lot of play money for a while.