"TOliver" wrote in message ...

snip

.....But have I got a deal for you (or for me, really). Over on the edge of East Texas, I own what is now a 1/25
interest in the "Mineral Rights" to 532 acres+/- in the 1911 survey (actually now 540 acress by the survey when the
"land" - surface rights - was recently sold). 15,000 feet (and $3-5,000,000 worth of drilling) beneath the surface
is natural gas, by all evidence and indication in production quantities (which means that a dry hole is possible,
but that the risk is acceptable). If a production company knocks on the door ready to drill (and willing to pay an
acceptable percentage), the potential value of the gas, all "new" and ready to be sold at today's spot market
prices, 2 or 3 times that of old gas, is substantial. The poor *******s buying "country places" and "ranchettes"
up top have no say in the matter and would only receive token payments and compensation for a drilling rig in their
backyards or a "Christmas Tree" next to the car port. As for me, I'sd be planning vacations, long vacations,
permanent unemployment and relaxed retirement.

What is the going rate for surface damages per acre in your neck of the woods? Damages aren't "chicken feed" where
I'm from. I know some people who have completely paid for their land from damages alone. Also, the surface owners
do have a say, at least around here. They can negotiate water wells, fencing, brush clearing, location placement,
road building, cattle guards, etc. That's not to say they always get what they ask for... but if other oil companies
are competing for the same parcel then often they do.

Do you mean you own one twenty-fifth share of the production or are you saying you own one twenty-fifth of 740 acres
of the minerals. If it's the former is that all they will allow you as a sole mineral owner. We are getting 1/4 to
3/8ths of the wells production. What is the going lease rate per acre? I suspect yours is much higher than ours.



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