Replies to This Discussion

Permalink Reply by Les Bamburg on February 13, 2010 at 5:03

Cara, I believe that is a very fair offer for the bonus and royalty. The bonus level is near the maximum companies seem to be willing to offer and would not anticipate any significant increase in that level.

You could consider going unleased but would not receive the upfront payment of ~ $30,000. Your decision probably would not cause any problems for your neighbors so it should be based on what is best for your situation.

Permalink Reply by ken hatcher on February 13, 2010 at 5:16

Cara, les is right own. I'm hearing rumors of 6500 but can,t confirm them, so for right now 6000 seems to be about tops. Old bird in the hand theory.

Permalink Reply by Henry on February 13, 2010 at 12:42

Cara,
One more factoid... I know of a landowner in Southern DeSoto Parish, who owns 5 acres. He just received an offer to lease for $7,500 and 25%. I was told he was going to decline it. I don't know if he did, or not, and whether the offer was increased. I'll try to find out.

Permalink Reply by Cara Leggett on February 13, 2010 at 13:49

Thanks for the info, Les B. Please keep me updated if you hear more about new offers.

Permalink Reply by Henry on February 13, 2010 at 7:19

Cara,
I know of recent offers at and above $10k. However, they were for tracts larger than 5 acres (more like 100 acres). The closest one to you was in southeastern DeSoto Parish. You should be aware that EnCana just showed results from a Haynesville well in North-Central Sabine Parish with an IP of 17,000 Mcfe/day. This is an excellent well. And in northern Sabine Parish, you have both the Haynesville and Mid-Bossier Shale that will produce.

Permalink Reply by Cara Leggett on February 13, 2010 at 13:53

Henry,
Thanks for the info you shared. We are not far as the crow flies from the well drilled next to Hwy. 171 in Noble. I heard it was a very good well. Please keep me informed if you hear more about new offers.

Permalink Reply by Cara Leggett on February 15, 2010 at 6:22

Update-we got a call back today and PetroHawk has decided to 'back off this section' for now. I have to wonder if my posting here was a problem. We were told this happens all of the time, but I have doubts.

Permalink Reply by Henry on February 15, 2010 at 6:57

Cara,
All is not lost. In fact, it is far from lost. You just have to be patient. Maybe in the next few months some really good wells will be reported in your area, and gas prices will rise. Both of these would lead to higher lease bonus prices. Patience is the name of the game.

Permalink Reply by Cara Leggett on February 15, 2010 at 12:02

Thanks for reassurance, Henry! I do know that it takes time and we can wait. It has already occured to me that when this area proves to be as productive as others have been, that the price will go up. This section is 'made' and ready for an interested party, which is also in our favor right now. Acceptance of the way things are is another virtue to practice, along with patience, during a time like this. ;)

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