Does a regular homeowner have sufficient leverage to negotiate terms on gas leases?

I have a .28 acre parcel with a home in Fort Worth which I purchased 6 months ago for K. I have just received a letter from a landman expressing an interest in leasing my mineral rights. From what I have been able to find out, this landman’s company is one of several brokers for a larger drilling company. I have been seeking information online and have seen some information on negotiating leases, but I am not sure if my property is large enough to allow me to negotiate at all. I am not yet sure if my neighbors are being contacted simultaneously, or if I am being contacted later due to my recent home purchase. Also, I am not sure how to determine if any other entities would compete for the mineral rights, and if so whether other brokers listed on the website for the same drilling company would compete with the first, or if I would have to find a 2nd drilling company that was interested in my area.

One Response to “Does a regular homeowner have sufficient leverage to negotiate terms on gas leases?”

  1. Collector Blake Says:

    You can always try to negotiate. It’s not like he will say "because you asked for more money I’m no longer willing to pay you the amount of my 1st offer".

    I think the best way to find out who’s actively buying leases in your area would be to ask neighbors, go to coffee shops/restaurants and ask the owners if they know anything about it.

    Good Luck