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Started By
Message
Bought some mineral rights, what now?
Posted on 1/16/23 at 2:08 am
Posted on 1/16/23 at 2:08 am
I recently bought some mineral rights that are located in Columbia County, AR.
The purchase included a current oil/gas lease for a section of the entire interest. That company has not drilled to this point.
The Seller, my friend, used to have a brine lease with Albemarle Corporation so I called them to find out the status of that lease. It was expired. However, while on the phone with Albemarle, they told me that if I bought the minerals, I should call them back because they might be interested in offering a new brine lease.
At this point, here are some questions that I have:
1. Is it worth pursuing the brine lease at this time or would it make more sense to wait and see what will happen with the Standard Lithium-type projects over there?
2. Can you have a brine lease on the same property and at the same time as an oil/gas lease?
3. Would you actively pursue companies about leasing?
I'll hang up and listen.
The purchase included a current oil/gas lease for a section of the entire interest. That company has not drilled to this point.
The Seller, my friend, used to have a brine lease with Albemarle Corporation so I called them to find out the status of that lease. It was expired. However, while on the phone with Albemarle, they told me that if I bought the minerals, I should call them back because they might be interested in offering a new brine lease.
At this point, here are some questions that I have:
1. Is it worth pursuing the brine lease at this time or would it make more sense to wait and see what will happen with the Standard Lithium-type projects over there?
2. Can you have a brine lease on the same property and at the same time as an oil/gas lease?
3. Would you actively pursue companies about leasing?
I'll hang up and listen.
3
Posted on 1/16/23 at 6:14 am to ev247
quote:
Bought some mineral rights, what now?
Vote Republican
Posted on 1/16/23 at 7:58 am to ev247
Is the brine lease in the smackover region?
Posted on 1/16/23 at 10:14 am to wickowick
Yes, the lease would be in the McNeil region just outside of Magnolia, AR. It looks to be right in the Smackover Formation.
This post was edited on 1/16/23 at 10:46 am
Posted on 1/16/23 at 10:33 am to DingLeeBerry
quote:
Vote Republican
Actually Democrats drive the price of energy higher.
Posted on 1/16/23 at 11:24 am to ev247
Posted on 1/16/23 at 11:30 am to ev247
quote:
see what will happen with the Standard Lithium-type projects over there?
You might double check the property for unicorns and gold pot having leprechauns since you’re already hoping for something that isn’t real
Posted on 1/16/23 at 4:24 pm to wickowick
Oh good - was coming to post the same
Posted on 1/16/23 at 4:38 pm to wickowick
Thanks for the rec, wickowick. That thread should keep me busy for a while!
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