rrlund- sounds like you are in the same boat I was in two months ago. For years, strangers kept knocking on my door wanting to lease my oil/gas rights. Since I always answer my door with shotgun in hand they seemed quite perplexed. I informed them to leave my property. Then I started having neighbors showing up with the speculators trying to get me to lease. The neighbors were only looking for 'Bird dog' fees.
One day, the owner/drilling rig showed up. He showed me the half page contract for a one year lease. I read it, signed it, got the check and cashed it.
My neighbors thought they were getting a better deal by signing a contract for less money and less percentage of royalty. But, they signed for 5 or 10 year lease.
The way I see it is...Each neighbor signed with a different operator. My contract says the lease can't be sold(it is only a one year lease). I'm square dab in the middle of a few thousand acres of pretty good land.
So, if anyone wants to drill, the neighbors have signed off for 5 to 10 year leases, while I retain the right to renegotiate the prices after my one year lease is up.
So, my guess is...there won't be any drilling around here.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Fire in the Field A hay fire is no laughing matter-well, maybe one was! And a good life-lesson, too. Following World War II many farm boys returned home both older and wiser. One such man was my employer the summer I was sixteen. He was a farmer by birth and a farmer by choice, and like many returning soldiers, he was our silent hero: without medals or decorations, but with a certain ability to survive. It was on his farm that I learned to use the combination hand clutch and brake on a John D
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
