New Leasing in St Helena Parish (JAN 2018) - GoHaynesvilleShale.com2024-03-29T07:13:12Zhttps://gohaynesvilleshale.com/forum/topics/new-leasing-in-st-helena-parish-jan-2018?commentId=2117179%3AComment%3A3663183&xg_source=activity&feed=yes&xn_auth=noThank you sirtag:gohaynesvilleshale.com,2018-01-22:2117179:Comment:36633222018-01-22T14:12:22.910ZWayne Cookhttps://gohaynesvilleshale.com/profile/WayneCook
<p>Thank you sir</p>
<p>Thank you sir</p> The document would be filed i…tag:gohaynesvilleshale.com,2018-01-22:2117179:Comment:36631532018-01-22T13:55:31.073ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>The document would be filed in the public records of each parish. You can view it in person at the Clerk of Court's office or you can pay for a short term online remote access to the public records in parishes where clerks make that option available.</p>
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<p>The document would be filed in the public records of each parish. You can view it in person at the Clerk of Court's office or you can pay for a short term online remote access to the public records in parishes where clerks make that option available.</p>
<p></p> Is there a link to the sale a…tag:gohaynesvilleshale.com,2018-01-22:2117179:Comment:36631492018-01-22T13:41:55.080ZWayne Cookhttps://gohaynesvilleshale.com/profile/WayneCook
<p>Is there a link to the sale and assignment? Thanks</p>
<p>Is there a link to the sale and assignment? Thanks</p> Skip:
Joe was referring to t…tag:gohaynesvilleshale.com,2018-01-21:2117179:Comment:36632192018-01-21T21:28:01.172ZDion Warr, CPLhttps://gohaynesvilleshale.com/profile/DionWarr
<p>Skip:</p>
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<p>Joe was referring to two different parties with separate offers. Amelia's offer was on these terms:</p>
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<p>"We also have a group wanting a free lease for a year so they can market the area." The area was marketed and Amelia ended up closing on the terms that JB reported above (and I believe that you posted after the press release was issued. In other threads, Joe spoke of certain terms (1/5 RI, % of bonus retained by Amelia based upon price per lease at…</p>
<p>Skip:</p>
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<p>Joe was referring to two different parties with separate offers. Amelia's offer was on these terms:</p>
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<p>"We also have a group wanting a free lease for a year so they can market the area." The area was marketed and Amelia ended up closing on the terms that JB reported above (and I believe that you posted after the press release was issued. In other threads, Joe spoke of certain terms (1/5 RI, % of bonus retained by Amelia based upon price per lease at closing, range of bonus dependent upon preferred areas of interest). These terms are substantially correct with any variation being negligible to the best of my knowledge.</p>
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<p>Jay also confirmed the purchaser of these leases (ConocoPhillips). Though the identity of the purchaser was not part of the press release, this sale and assignment is now part of the public record and can be confirmed. Also, Jay's reference to a "ride" is reference to an override (ORI, or overriding royalty interest), which would be carved out of the lease from the WI owner's portion (or net revenue interest), not from the lessor's RI. ORI and other retained and/or reversionary interests are commonly carved out in industry trades when assigning or farming out negotiable properties, and do not represent lease burdens that would have otherwise gone to the lessor.</p>
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<p>The other offer referenced offer (being the first part of the sentence referenced above - for a stated fixed bonus and extended PT and option) was promulgated by another party; though there were a few different offers being circulated at the time of the Amelia PSA from various parties. Conflating of these offers, terms and parties are sometimes unavoidable in the "fog of competition" but for the mineral owner trying to make the best decision for them and their situation, misinformation is at best confusing and at worst a disservice.</p> Nope, no conflation here. :-…tag:gohaynesvilleshale.com,2018-01-21:2117179:Comment:36632152018-01-21T20:44:41.220ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Nope, no conflation here. :-) I think Joe made a more specific comment about the terms in the "free lease", but I can't find it. If memory serves, the royalty was either 22 or 23%, so either a 2 or 3 % override to Kirk. I don't recall if he mentioned the bonus per acre. Maybe he will happen along and help us out.</p>
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<p>Nope, no conflation here. :-) I think Joe made a more specific comment about the terms in the "free lease", but I can't find it. If memory serves, the royalty was either 22 or 23%, so either a 2 or 3 % override to Kirk. I don't recall if he mentioned the bonus per acre. Maybe he will happen along and help us out.</p>
<p></p> JB:
This does not sound like…tag:gohaynesvilleshale.com,2018-01-21:2117179:Comment:36631272018-01-21T19:30:36.954ZDion Warr, CPLhttps://gohaynesvilleshale.com/profile/DionWarr
<p>JB:</p>
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<p>This does not sound like a typical Amelia offer. Also, it seems like Skip has conflated the terms of an offer in a prior area also worked by Amelia with another non-Amelia offer in his reply. Can you elaborate a bit on this?</p>
<p>JB:</p>
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<p>This does not sound like a typical Amelia offer. Also, it seems like Skip has conflated the terms of an offer in a prior area also worked by Amelia with another non-Amelia offer in his reply. Can you elaborate a bit on this?</p> JB, I think this reply by Joe…tag:gohaynesvilleshale.com,2018-01-20:2117179:Comment:36630072018-01-20T22:43:32.159ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>JB, I think this reply by Joe in another, earlier thread. The second mention (free lease) is highly likely to be referring to Amelia.</p>
<p>Reply by <a class="fn url" href="http://gohaynesvilleshale.com/forum/topic/listForContributor?user=20umgmt7dypuz" target="_self">Joe Aldridge</a> on <span class="timestamp">November 7, 2017 at 9:27am</span></p>
<div class="description" id="desc_2117179Comment3649233"><div class="xg_user_generated"><p>Hey Jay, You are 1000% correct. This guy wants a 5…</p>
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<p>JB, I think this reply by Joe in another, earlier thread. The second mention (free lease) is highly likely to be referring to Amelia.</p>
<p>Reply by <a href="http://gohaynesvilleshale.com/forum/topic/listForContributor?user=20umgmt7dypuz" class="fn url" target="_self">Joe Aldridge</a> on <span class="timestamp">November 7, 2017 at 9:27am</span></p>
<div class="description" id="desc_2117179Comment3649233"><div class="xg_user_generated"><p>Hey Jay, You are 1000% correct. This guy wants a 5 year lease at 200 an acre paid up and an option for another 5 years. This at 20% royalty. Thanks for the heads up. We also have a group wanting a free lease for a year so they can market the area. All of this and a well right across the River at Goudau that is producing 1,000+ bbls per day. Thanks for the input.</p>
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<p></p> Correction: Amelia sold 85,0…tag:gohaynesvilleshale.com,2018-01-20:2117179:Comment:36631832018-01-20T17:39:13.148ZJ B Naborshttps://gohaynesvilleshale.com/profile/JBNabors
<p>Correction: Amelia sold 85,000 acres of leases for $87,000,000. M Y apologies</p>
<p>Correction: Amelia sold 85,000 acres of leases for $87,000,000. M Y apologies</p>