I have land near Chireno in the J.I. Y'Barbo Survey and have recieved a lease offer of $750/acre and 1/5 royalty - What should I expect?

Views: 148

Reply to This

Replies to This Discussion

Vernon, I suggest that you repost on the Nacogdoches County page. Quite a few people there who may offer advice but your post will get lost on the main page, possibly before it can be seen by those who could help.
Vernon,

EOG recently reported three pretty decent completions in your survey, you might want to check out where you are situated in relation to these wells/units:


EOG/POP:

Location Platt:
http://webapps.rrc.state.tx.us/dpimages/r/662752

W-1 Permit:
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...



EOG/Hassell:

W-1:
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

Location:
http://webapps.rrc.state.tx.us/dpimages/r/663019



EOG/Hill:

W-1:
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

Location:
http://webapps.rrc.state.tx.us/dpimages/r/639290



These all came in pretty nicely, so it seems that you would be in a good spot in that same survey so that info should help you with a bit of ammo to push for better terms.

Pop Pop initial production report at over 19mmcfd

Hill IP at over 14 mmfcd

Hassel IP at 12.6 mmcfd
Thanks! The information provided gives me guidelines from which to work.
Vernon
Call Michael Metteauer in Chireno. He told me that he and several more around Chireno leased for $2500.00 acre about 2 weeks ago.
vernon--who did leasing Pinnacle/Sonerra or EOG or Samson

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service