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6/27/02, 1:17 pm

Legal Question

oil lease property

As the owner of mineral rights for thirteen acres of land in Mississippi I have been offered

$100.00 per acre for a three year term to drill for natural gas by an oil and gas corporation.

I don't know the price or any particulars of the market. Should I sign the lease and

accept a check for one hundred dollars per acre ($1300.00). Thanks.

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Re: oil lease property This is a business decision rather than a legal decision. A lawyer can't tell you whether that i...

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Answered By:

Douglas A. Crowder

Re: oil lease property No. You hold out and ask for a percentage of what they make. If you have to set up a partnership...

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Answered By:

Michael Cortson

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