What Is Reasonable Term (Length) Of Oil & Gas Lease?

Mineral owners should be aware of how long some oil/gas companies will tie up your minerals via the terms of their lease. The lease primary term is the length of time the lease is in effect during which drilling operations must commence or one of three things will happen...

1. The Lessee does commence drilling during the primary term and finishes the well. The Lessor would then collect royalties once production begins.
2. The lease contract might have an option to renew for an additional period, extending the primary term.
3. The lease will expire.

If your Lessee does drill and hits, the lease will be "held by production" -- "HBP." Hopefully, the Lessee will develop the remainder of your drilling unit in timely fashion. Unless you own minerals under a lot of land, you will not have any control over that. If you do own a lot of contiguous minerals (such as a farm or ranch), you might be able to negotiate continuous drilling operations provisions, which can ensure that additional wells are drilled within a certain time frame.

In most parts of the USA where there is active drilling, it is common to have the oil company offer to lease your land for a primary term of five years. Or maybe three years, plus an option for 2-3 years beyond that. So, the effect is a 5-6 year lease. You always prefer it to be as short a term as possible, but in most cases, five years is reasonable.

However, I have seen some leases where the Lessee is offering to lease for five years, plus a 5-year extension option. THIS IS TOO LONG -- DO NOT SIGN! Ten years is just too long to have your properties tied up.

If you ever get into a position to where you wish to sell mineral rights on your properties, an effective 10-year primary term is going to be very large negative. A mineral buyer is not going to like a 10-year term... that's a long time the Lessee can just sit there and do nothing. And if you never wish to sell mineral rights and just wait it out, ten years is a long time! If you sign that lease, the Lessee has the right to wait until over nine years has passed by before they even start planning to drill you a well. So, don't do it. Negotiate for a 5-year primary term only, with no option to extend.

Sell Royalties In West Virginia (Sell Royalty Rights) / Sell Mineral Rights In West Virginia

In West Virginia, like other states in the USA, mineral rights and royalty rights are not owned by the state under a landowner’s land (with a few exceptions); they are owned by the landowner or other individuals. In other countries, normally the sovereign state owns royalty rights, oil rights, gas rights and the right to enjoy mineral rights. Do you own mineral rights or royalty rights in West Virginia? Do you wish to sell mineral rights or sell royalties in West Virginia? We buy mineral rights, so, you can monetize these assets; we will pay a lump sum cash settlement to you. If you have been getting royalty checks from oil wells or gas wells, we can buy them regardless what West Virginia your mineral rights are in. We might choose to buy even if they are not producing royalties at this time. We also buy in other areas of West Virginia and other states but as far as West Virginia goes, we have a focus in the Marcellus shale play and the Utica shale play areas. If you wish to sell Marcellus shale mineral rights or wish to sell Utica shale mineral rights, the following is currently our focus area:

- Sell Royalties Ohio County, West Virginia
- Sell Royalty Rights Marshall County, West Virginia
- Sell Hancock County, West Virginia Mineral Rights
- Sell Gas Royalty Brooke County, West Virginia
- Sell Ritchie County, West Virginia Mineral Rights
- Sell Mineral Rights Doddridge County, West Virginia
- Sell Gas Rights Harrison County, West Virginia - Sell Gas Royalties Wetzel County, West Virginia
- Selling Gas Royalty Rights Tyler County, West Virginia

Are you getting oil royalties or gas royalties from Wetzel County, WV? There are several oil companies or gas companies active, such as Statoil USA, EQT Production, Chesapeake Energy, Stone Energy, Trans Energy and Triad Hunter.

For those wishing to sell mineral rights in Tyler County, WV, some of the above companies are active and we can add Antero Resources and Consol Gas. We buy royalties from those properties, too.

In Harrison County, WV, it’s Antero, Statoil and Consol but also add Enervest, Dominion Transmission, XTO Energy, PDC Mountaineer and Hunt Marcellus to the mix.

Active gas companies in Ritchie County, WV, Antero and EQT are the most active but also include Energy Corporation Of America.

For Doddridge County, WV, gas companies include Jay-Bee Oil & Gas, Antero and EQT Production.

In Marshall County, WV, sell mineral rights for properties operated by CNX Gas Company, Chesapeake Appalachia, Chevron Appalachia, Gastar Exploration, Noble Energy, Trans Energy and Stone Energy.

If you wish to sell royalties from producing gas wells in Brooke County, West Virginia, we are interested; the primary operator is Chesapeake.

For those looking for who buys mineral rights in Ohio County, WV, we do! The active operator is Chesapeake Appalachia.

So, to recap, for those selling West Virginia mineral rights, we will buy properties operated by almost any oil company or gas company but the primary operators are: Chesapeake Appalachia, Statoil USA, EQT Production, Stone Energy, Trans Energy, Triad Hunter, Antero Resources, Consol Gas, Enervest, Dominion Transmission, XTO Energy, PDC Mountaineer, Hunt Marcellus, Energy Corporation Of America, Jay-Bee Oil & Gas, CNX Gas Company, Chevron Appalachia, Gastar Exploration and Noble Energy.

There are other West Virginia counties where you can sell gas royalties, so, please contact us. Some parts of this region of West Virginia are in the Marcellus shale play and some have production from the Utica shale play. If you are interested in selling mineral rights or selling royalty rights (NPRI) in other West Virginia counties, please contact us. (If you wish to sell non-participating royalty rights – NPRI – we can buy most of the time.) In general, you can sell Marcellus mineral rights or sell Utica shale mineral rights to us. For those interested in selling Pennsylvania mineral rights (or selling Pennsylvania gas rights), please contact us. Same goes for selling Ohio mineral rights or selling Ohio royalty rights. It's not hard, we will show you how to sell mineral rights.

”Should I sell my mineral rights?”

Mineral owners sell royalties for many reasons. It could be that they want to buy something or wish to retire. Or maybe their interest is small and they are tired of dealing with the paperwork. Perhaps the well that was drilled is not a good one and there isn’t enough income to make a difference in their life, but a sale would bring a lump sum. All gas wells decline perpetually – they deplete. There is nothing we can do about this! Your royalty check will continue to go down over time. So, don’t depend on it staying up where it was in the early days of production; those are the best months. Also, there is a lot of risk inherent to the oil and gas business. Whatever selling mineral rights or selling royalty rights will bring today… there is no assurance that tomorrow will be the same! Obviously, “should I sell my mineral rights” question does not have a cut and dried answer!

Crashing oil/gas prices are no fun. Or the world could see a new technology that takes over a large part of our energy needs. This is a certainty at some point, we just don’t know when. But when this occurs, the value of mineral rights will go down a lot.

We are a mineral rights buyer, but why do we buy? We buy lots of deals and make our company work by owning a lot of acreage -- thousands of acres crossing several states. This allows us to spread risk. Believe me, every deal we buy does not make money. Some are losers. We just hope to have more winners than losers over time. And we constantly monitor trends, so, we can only hope that we are able to sell out ourselves someday when the oil and gas era is coming to an end. But, who knows, it might be awhile, we just don’t know.

Owning producing mineral rights (you are getting royalty checks), means you can sell. We buy mineral rights anywhere in the USA if it’s in an oil or gas producing region. Ritchie County, Tyler County, Wetzel County, Harrison County and other parts of West Virginia is just where we are focusing for awhile. We have bought and own mineral rights and royalties in Louisiana, Texas, Colorado, Wyoming, North Dakota, Mississippi, Arkansas, Utah, Pennsylvania, New Mexico, Kansas and other states.

If you wish to sell mineral rights or sell royalties, contact us. Selling oil rights or selling gas rights is not hard because we do all of the work once you provide your oil and gas lease information. We are not just a mineral buyer in West Virginia and not just a royalty buyer in West Virginia, you can sell royalty rights in many part of the USA.

And for a good explanation of how to sell mineral rights, visit here.

Please call the number below and speak with Bill about a lump sum cash settlement. Bill is congenial and experienced, having bought thousands of acres involving many millions of dollars paid to mineral owners:

(Ask for Bill)
Payday Minerals, LLC
Ph 318-426-0909
Ph 800-664-7650

Or, contact us by using the form below to learn how to sell mineral rights. Give us a good description of what you own in order for to calculate the lump sum cash settlement for your mineral rights or royalty rights (royalties).

>>> CLICK HERE <<< for contact form.

Sell Royalties / Selling Mineral Rights In Lincoln Parish, Louisiana

How To Sell Lincoln Parish LA Royalties / Mineral Rights

Are you interested in selling Lincoln Parish mineral rights? Are you wondering who buys mineral rights or who buys royalties in the Terryville field (gas field) or Hico-Knowles field? People have many reasons… they tire of dealing with the paperwork, they want to buy something, perhaps it’s too much trouble, perhaps they need money for some reason and selling mineral rights does not affect their land, etc. Whatever the reason, if you wish to sell royalty rights in Lincoln Parish, we buy there.

The Lincoln Parish, Louisiana parish seat (county seat) is Ruston, LA. The parish has quite a bit of natural gas production, and it is primarily from the Cotton Valley formation and Hosston zone. There are many gas fields in Lincoln Parish, including:

• Hico-Knowles gas field
• Terryville gas field
• Ruston gas field
• West Simsboro gas field
• Choudrant gas field
• Tremont gas field

Who buys mineral rights in Lincoln Parish, Louisiana? Our company will buy royalty rights and also buy mineral rights in Lincoln Parish. If you would like to sell mineral rights or sell royalties located in Lincoln Parish LA, or near the following towns, please contact us:

• Ruston, LA
• Simsboro, LA
• Dubach, LA
• Vienna, LA

We also might wish to buy mineral rights or buy royalty rights in another parish, even if not shown.

Active oil and gas companies in Lincoln Parish include Wildhorse Resources / Memorial Production Partners, Questar (QEP Energy), Nadel & Gussman, XTO Energy, Rabalais Oil and others.

Geological features in Lincoln Parish include the North Louisiana Salt Basin and some anticline structures. There are several productive zones and gas fields but, the Cotton Valley sand is the most widespread zone. The Hosston sand is also found productive in many areas.

Please contact us if you are selling mineral rights from this area; you can also sell gas royalties, too.

Selling mineral rights in Lincoln Parish, LA is not hard! All you really have to do is provide us with basic info about your mineral rights or gas royalties and we do the rest!

Contact Info:

We pay a lump sum for mineral rights and royalties and pay all closing costs. Please call the number below and speak with Bill, an easy-to-work-with expert who has over 35 years experience and has bought thousands of acres and has paid out many millions of dollars to selling mineral owners:

Ph 318-426-0909
Ph 800-664-7650
(Ask for Bill)

You may also fill out the form below if you wish to sell gas rights in Lincoln Parish. If you do so, please describe the mineral rights or royalty rights that you have so that we can properly determine your lump sum payment.

>>> CLICK HERE <<< for contact form.