My family recently leased our mineral rights in the Eagle Ford to Rosewood Resources, they spent a pretty significant amount to acquire the lease. Does this company have a history of drilling fairly quickly or are they known to acquire leases and then let them expire?
6:42p, 4/23/24
Post on here:
GoEagleFordShale.com
Someone (usually Mark P.) will respond.
GoEagleFordShale.com
Someone (usually Mark P.) will respond.
Avoid the rush. Start hating Socialism now.
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9:07p, 4/23/24
In reply to 1939
They are leasing lots of land there and into Dimmit. Do you know what bonus and royalty?
9:43p, 4/23/24
One of the main ops guys there is an Aggie but not sure if he posts or gets on Texags.
10:37p, 4/23/24
In Fayette they've been leasing around Flatonia in the SW part of the county.
The bonus on all that acreage adds up after a while, and the meter's running on the time to drill, but I don't believe (haven't checked lately) they've been granted any permits in Fayette.
Rosewood, at least at one time, was affiliated with the Hunt family.
The bonus on all that acreage adds up after a while, and the meter's running on the time to drill, but I don't believe (haven't checked lately) they've been granted any permits in Fayette.
Rosewood, at least at one time, was affiliated with the Hunt family.
11:01a, 4/24/24
In reply to 1939
We have mineral rights in several areas that get leased often. Our sections in the Permian have been divided among heirs, but as they are all adjacent, the leasing company always wants them all together. In our area, it has been a while since they have actually drilled but my cousins always want the higher royalty as they are greedy. I've been lucky to structure my lease (all individual even though wanting the grouping) to get the higher lease per acre with lower royalty. My dimwit cousins haven't figured it out yet that the leases in that area aren't for drilling but as preventative (I'm forgeting the O&G term people use on that)
Now other areas that are known to be drilling almost always, then go with the higher royalty.
Sounds like you already signed the lease. Am curious why you asked the question in the OP after as that would strongly affect the decision above.1939 said:
We had the option of $750 an acre and 22.5% or $500 and 25%.
We have mineral rights in several areas that get leased often. Our sections in the Permian have been divided among heirs, but as they are all adjacent, the leasing company always wants them all together. In our area, it has been a while since they have actually drilled but my cousins always want the higher royalty as they are greedy. I've been lucky to structure my lease (all individual even though wanting the grouping) to get the higher lease per acre with lower royalty. My dimwit cousins haven't figured it out yet that the leases in that area aren't for drilling but as preventative (I'm forgeting the O&G term people use on that)
Now other areas that are known to be drilling almost always, then go with the higher royalty.
11:12a, 4/24/24
In reply to Tecolote
I asked the question not wanting an answer of should I sign the lease but more of a question of what my expectations should be. They are drilling in our area but it's not super busy. We took the higher bonus.
11:19a, 4/24/24
In reply to Ribeye-Rare
The Caroline Hunt family. And I believe they will drill as opposed to letting leases expire. They are very conservative when it comes to investing.
Ribeye-Rare said:
In Fayette they've been leasing around Flatonia in the SW part of the county.
The bonus on all that acreage adds up after a while, and the meter's running on the time to drill, but I don't believe (haven't checked lately) they've been granted any permits in Fayette.
Rosewood, at least at one time, was affiliated with the Hunt family.
The Caroline Hunt family. And I believe they will drill as opposed to letting leases expire. They are very conservative when it comes to investing.
12:52p, 4/24/24
In reply to 1939
Probably depends on what part of the county you live in, wells to the south tend to have higher gas production and would not be attractive to drill in this price environment unless they want to hold the lease.
4:25p, 4/24/24
In reply to Ag CPA
Cool, we are on the southeastern ish part of the county and all of the wells around us are thankfullly oil.
4:04p, 5/2/24
How about Lonesome Dove. Have some guy calling me wanting me to put money into a new oil well investment. Sounds too good to be true which means it's probably a scam or very risky.
1:37p, 5/3/24
I would advise against making any oil and gas investments based on a cold call. There is plenty of capital in the space for good or decent deals. If someone is purposely raising money from oil and gas outsiders, they probably weren't able to raise it from insiders.
3:15p, 5/6/24
Rosewood is a fantastic private operator and runs a very good, conservative company. They are one of the better private operators out there.