Partner Rodney Harrington says that with the proliferation of leasing going on in Natchitoches and surrounding parishes, many land owners are at a loss of what they should do and whether or not they are making the right move to lease their property.
Harrington said he worked many years as a petroleum land man meeting with landowners on behalf of oil and gas leasing companies to try and convince them to lease their property.
“It’s usually a good idea to lease your land as opposed to leaving it unleased,” said Harrington, “But you want to make certain you are making the best deal possible and that the terms of the lease are the most favorable to you.”
“You need to remember that the agents working for the leasing companies, or ‘lease hounds,’ as they are sometimes called.” Harrington continued, “They are trying to get the best deal possible for their company and lease your property under the terms most favorable to them. That’s their job.” Harrington also said that his previous employment as a petroleum land man gives him a unique prospective.
“I know how these guys think,” he said. “It’s not that they’re trying to take advantage of landowners for the most part, it’s just that, as I said, their job is to make the best deal possible for their employer.” He did say there are also some “bad actors” out there.
Harrington said that he has recently represented several clients in Natchitoches Parish in lease negotiations and has been able to obtain significant increases in the bonus payments they were offered and significant improvements to their lease terms. He also worked extensively in the field during the first Haynesville Shale Boom several years ago.
The Harrington Law Firm is an AU Rated firm by Martindale-Hubble, ranking it in the top 10% of all law firms in the nation.
The attorneys also represent clients in the areas of Personal Injury, Bankruptcy, Social Security Disability, Wills and Successions.
You can reach Rodney Harrington at the Harrington Law Firm at 352-5900 or call that number for a free consultation.
