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Discussion Groups: Business and Commerce


Topic: Leasing mineral rights
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Bob S.

9/11/2008 6:51:20 PM
Member since:
May 2007
Total posts:869
Leasing mineral rights

Does anyone know the going rate for leasing the oil rights (per acre) on property ? or know where l would find out ?  
We were contacted by a Oil Company in Regina and they made us a offer.  
 
The land is in southwestern Manitoba near Waskada.thanks.

 
 
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mom23

9/11/2008 9:16:52 PM
Member since:
May 2008
Total posts:730
..

i would call your local ag office. they might be of some help to you.

Amused

9/11/2008 10:42:03 PM
Member since:
Jun 2007
Total posts:3494
Does this help?

Amused

9/11/2008 10:43:07 PM
Member since:
Jun 2007
Total posts:3494
Goodness - the two are connected - here is one

Amused

9/11/2008 10:44:31 PM
Member since:
Jun 2007
Total posts:3494
Here is the other one

Tom James

10/5/2008 2:35:20 PM
Member since:
Oct 2008
Total posts:1
Leasing mineral rights

I was contacted and ofered $100.00 an acre in the Goodlands area

Chaos

10/5/2008 8:45:00 PM
Member since:
Sep 2008
Total posts:237
Well

If you live in that area I am sure you must know somebody who has leased them....ask your neighbours, with all these wells going up I get the impression everyone in the area that has mineral rights left is going to be receiving these phone calls.

Bob S.

10/5/2008 10:36:34 PM
Member since:
May 2007
Total posts:869
we don't live anyway near the or own it anymore

  
Chaos said "If you live in that area I am sure you must know somebody who has leased them....ask your neighbours, with all these wells going up I get the impression everyone in the area that has mineral rights left is going to be receiving these phone calls."

We just have the mineral rights,anyway,we got it all figured out and signed..if anyone cares to know,they were offering $100.00 per acre to lease the land and 17 percent of the oil that comes out of the ground..

na

10/6/2008 6:53:02 AM
Member since:
Jul 2005
Total posts:591
Call a lawyer in Virden

The smart thing to do is call one (or all) of the law offices in Virden. I am certain that they will have had many clients over the years who have asked exactly the question you are asking. They will know the going rate and how to make sure your rights are protected. This is something you need professional advice on.


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