The whole trick to dealing with any oil company is "be informed"? If you have a surface rights group in your area...become involved and share the information!
By law you can not keep out the oil company unless you own the mineral rights and haven't leased them. But you can make it very difficult for them? If you are trying your best to keep them out...never talk money! Put up every roadblock you can, give them the runaround when they are surveying, and tell them you will be retaining a lawyer! Often they will just say to hell with this and pass you by...you are too much trouble.
If it is more money you are after, be creative! That landman is just looking for a solution to get that well drilled without screwing up the whole area pricing structure! It isn't about giving you another $500...its about having to give everyone else $500!
Even a low producing well like a coalbed well can generate a good deal of money. The one I have on my land produces about $52,000 a month...so whether you get another $500 is irrelevant?
By law you can not keep out the oil company unless you own the mineral rights and haven't leased them. But you can make it very difficult for them? If you are trying your best to keep them out...never talk money! Put up every roadblock you can, give them the runaround when they are surveying, and tell them you will be retaining a lawyer! Often they will just say to hell with this and pass you by...you are too much trouble.
If it is more money you are after, be creative! That landman is just looking for a solution to get that well drilled without screwing up the whole area pricing structure! It isn't about giving you another $500...its about having to give everyone else $500!
Even a low producing well like a coalbed well can generate a good deal of money. The one I have on my land produces about $52,000 a month...so whether you get another $500 is irrelevant?
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