Getting paid from energy companies to drill for natural gas on your property?

Question

Has anyone signed a lease for an energy company to do this? I know they say the will pay a royality of 25% if gas is found. Just out of curiosity and the do find gas, how much of a monthly commison will one get? I'm thinking maybe about $100?

Answer 1

I don't know about the royalties but I do know that you are signing a permission contract for them to drive all types of vehicles around on your property and make a big mess. They can do this at all hours of the day and night.

Answer 2

It would help if you live somewhere that gas could be found. I think your $100 fee is a bit paltry since finding gas or oil on your property would net millions in the long term.  

Answer 3

before entering a business deal like that, check it out big time.

i would think if gas is found your monthly check would be

greater that one hundred dollars. good luck.

Answer 4

I'm in North Louisiana, where the "Haynesville Shale" was recently found.  People all around are becoming quick millionaires b/c of gas companies leasing property and drilling.  They lease it by the acre, and the amount varies, from a few hundred to a few thousand per acre.  Which company you use makes a difference too.  And I know around here people are getting way more than $100 a month.  I know someone making $34,000/month from having them drill on his land.  So it all depends on how much land you have, and if oil or natual gas is found on it.  I own 34 acres, and it was already leased out to an oil company when I bought it.  I'm just hoping they find natural gas on it now!  I do have 50% mineral rights for 10 yrs, after that 100%.   That's another thing, people are furious finding out they don't even have mineral rights on their land.