| This is a continuation of a previous article entitled Oil | | | | and also the Landman will want to get the large |
| And Gas Landman. | | | | mineral owners leased first before others find out |
| After the Landman determines who owns the minerals | | | | about what they are doing and start leasing the land |
| of the land then are trying to lease, it is then time to | | | | themselves. If the Landman starts contacting alot of |
| contact the mineral owner about obtaining a possible | | | | people and other oil companies find out, they will start |
| lease. During this initial conversation the Landman will | | | | leasing the land which will cause the Landman |
| explain to the mineral owner who they work for and | | | | problems in obtaining all the leases and also will cause |
| start the negotitating process. If the land in question is a | | | | him/her to pay more money per acre. |
| small tract (less than 10 acres) the Landman might be | | | | After the mineral owner has agreed to lease, the |
| able to negotitate the lease on the first contact. Larger | | | | Landman will get the lease signed and recorded at the |
| tracts may take more time and more visits including in | | | | courthouse. Once again, you don't want to record your |
| person visits to persuade the mineral owner into | | | | leases in the early part of the process because this will |
| signing. | | | | give away what you are trying to do. Once all the land |
| The price offered per acre will be given by the | | | | has been leased, you will turn the leases into the |
| company the Landman is working for. They will usually | | | | company you are working for and your job is basically |
| give you a range per acre and it is best to start at the | | | | done. The company will probably want you to do |
| bottom of the range because the money will probably | | | | some reports to finish the process and maybe even |
| have to go up from there. Contacting the large land | | | | pull the land transfers to give to the attorney who will |
| owners first is a good idea because this will tell you if | | | | be reviewing the title of the land. |
| they have been contacted previously about leasing | | | | |