Fort Worth Texas Real Estate Mineral Rights
March 19, 2008
The development of new, horizontal drilling has finally made it possible to access the enormous natural gas reserve located under Fort Worth and its surrounding neighborhoods, commonly known as the Barnett Shale. Oil and gas companies are drilling in the area, tapping this huge natural resource. As a result, the companies have been approaching owners of Fort Worth real estate and offering signing bonuses and royalties in exchange for lease agreements for drilling rights. Homeowners are being offered up to $18,000 in signing bonuses and 25 percent royalties for signed lease agreements.
Properties not Always Sold with Mineral Rights
Many neighborhood groups in the Fort Worth area have been forming to negotiate the best lease agreements and royalties for all residents. While homeowners in some areas have already signed lease agreements with energy companies, others are holding off, trying to secure a better deal.
If you are interested in purchasing Fort Worth Real Estate and are hoping to cash in on a lease for drilling rights, check to make sure the property you are interested in comes with mineral rights. These rights may be sold with the property or retained by the seller, which would mean the home buyer would not be entitled to royalty checks.
Keep in mind that many homes in the Fort Worth area are being sold without mineral rights, so securing such rights would seem to be the exception rather than the rule. Also, not every home owner has been approached and offered a lease agreement by the energy companies, so owning a piece of Fort Worth Texas Real Estate would not necessarily guarantee profits from the Barnett Shale.
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looking for mineral lease in the ryan southeast addition in fort worth please write if you have any suggestions or referrals
Good for people to know.