Hello from Maryland!I have recently been approached by Devon Petroleum to lease land of my great Uncle for drilling. There has been drilling on the land in the past because my great uncle received royality checks from Carter Energy Group. The legal description of the land is 62.33 acres more or less, out of T&P R.R. Survey No. 17, Parker County, Texas and more particularly described in that certain Warranty deed with Vendor's Lein dated March 10, 1932 from V.R. DeGroff(my great uncle) to O.B. Bales and Margaret Bales and recorded in Volume 128, page 497 of deeds Records of Parker Co., Texas. I have a copy of this. My questoin to You is: How can I find out what the land is worth..natural gas wise to negotiate the upfront leasing amount and $ for royality checks. Thank you so much! I look forward to hearing back from You!Lisa RadebaughLutherville, Maryland
Country relating to Question: United States
State (if USA): Maryland
To find info. about land in Parker co., texas worth for natural gas drilling.
There are no online databases that provide accurate information, mainly because in Texas many of the documents just read "for $1 and other good and valuable consideration". The best ways are to contact a local appraiser or an oil and gas lawyer and hire them to give you their opinion or to negotiate the lease. Often if you hire an O & G lawyer you can get much better terms as well as making sure you are adequately compensated if they do anything to the land, which doesn't always happen and in Texas the mineral estate is favored over the surface estate.If you would like any additional information or have more questions please don’t hesitate to ask but please do so my clicking on the Reply to Expert tab.We work for Positive Ratings, please click on one of the top three ratings or one of the Smile Faces, as this would be appreciated. We have recently implemented a new rating and feedback system. Please be aware that you are rating my courtesy and service as a professional, and not necessarily whether you like the information that you are receiving. Please bear in mind I can’t control what the law is and whether it helps you, I can only tell you what it says, and I assume you want truthful information.PLEASE DO NOT use the rating system to ask for more information or in an attempt to tell the website that you didn’t like the substance of the answer as it gives a NEGATIVE rating to me personally if your rating is one of the lower two.I believe in giving information that is to the point, but please remember that I can only base our answers on the information you provide and sometimes a misunderstanding as to what you are looking for or already know occurs so feel free to ask additional questions or for clarifications. Be very careful about looking at other internet sites that just post generic information without any inquiry into your facts because often those answers are dated, wrong, or wrong as applied to your facts. Please be aware that my answer is not legal advice, it is merely information. You should always contact a local attorney for legal advice.Several customers have asked how they direct a question to me in particular. If you specifically want me to provide information for you just put “FOR JD 1992” in the subject line and I will pick up the next time I am online.
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