Wondering about leases being acquired by Sheldon Resources, L.P. in San Augustine?
Yes - I got a call from a landman saying he was 'in Nacogdoches'. He claims Sheldon HAS bought SOME leases -
What are they offering on the lease? Thanks
I had one offer of $300.00 per acre.
500.00 an acre
Sheldon Resources, LP is a registered operator with RRC since 2006 under Operator #773815. They report production on 7 shallow oil wells in District 1 (south TX) and have never filed for a drilling permit or submitted a completion report under that operator number. The only forms I can find filed, other than those production records, on RRC are P-4 (operator of record on a lease) and P-5 (registered operator). They have not yet filed any leases, under Sheldon Resources, LP, in San Augustine Co. or Nacogdoches Co. Their address of record is:
Sheldon Resources, LP
905 Orleans Street
Beaumont, Texas 77701
which is also the address for a law firm listed with YP as Sheldon & Dunham, PLLC, which claims to be board certified in Real Estate but not Oil & Gas. I'm not making a recommendation, yeah or nay, as to whether you should lease with these guys. They could be taking leases for a known operator in these counties, they could be speculating or they could be trying to acquire the right to operate on an old shut-in/temporarily abandoned oil well. If it was my minerals... I would be asking questions.