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Comment by Steve on August 4, 2014 at 4:19

William Howard Pritchartt,

In response to your question about royalty buyer. I don't know about Wilkinson county but I have 16 acres in W. Feliciana Parish about 8 miles south of the Wilkinson County line, just below Woodville and about 2 miles west of the Goodrich SLC well. I have received 2 offers, both in Jan. 2014. Lake Placid Inc (address Magee Ms. phone 601-940-3616) offered $500 per net mineral acre on Jan 13, 2014 followed by Permian Basin Acquisition Fund (address Midland , Texas phone 800-488-4042) offering $2500 per net mineral acre. Turned both down and have had no offers since then. Why such a huge difference in offer, I don't know.

Comment by William Howard Pritchartt on July 28, 2014 at 11:26

Since begging my career as a Landman I have been living on the road more than Willie Nelson.  My hometown is Natchez, MS but have been living in Houston, TX since 2010.  Although I know the land records of both Wilkinson and Amite Counties I have not worked the TMS there since 2007.  Can anyone tell me if the royalty buyers are active in these two counties and if so what is the current market price per royalty acre?

Comment by rodney e. fortenberry III on May 7, 2014 at 14:41

Anything new on the Pintard 28h-1 and the hope of the Pintard 28h-2

Comment by Skip Peel - Mineral Consultant on April 27, 2014 at 6:55

When the state (LA) approves a unit it confers the authority to choose the operator.  Sanchez may or may not drill any units they form.  They could very well get an operator (energy company) with more experience and technical ability to drill their units.

Comment by fortunate son on April 27, 2014 at 6:29

Thanks. Just a lot of units coming right to my lease lines. Hope they do it right

Comment by Skip Peel - Mineral Consultant on April 27, 2014 at 6:26

Sounds like they will begin in May.  They have no need to get in any rush regarding leases such as yours.  Still plenty of time.

Comment by fortunate son on April 27, 2014 at 6:23

Two years

Comment by Skip Peel - Mineral Consultant on April 27, 2014 at 5:44

Does your lease contain an extension clause?

Comment by Skip Peel - Mineral Consultant on April 27, 2014 at 4:18

I wasn't aware that they were moving slowly.  Do you know when they acquired their leasehold?  And any idea about when their leases will begin to expire?

Comment by Skip Peel - Mineral Consultant on April 17, 2014 at 3:11

No. Could be any number of reasons.  Shifting contract rigs around isn't always a simple process.  Much depends on the state of lease terms in the areas being drilled.  When a rig is assigned to the Blackstone well it will appear in the weekly rig report.

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