So the offer for $20,000 an acre is only if the section reaches 90% leased? $17,500 for 70% + and $15,000 for -70%; Is it possible to get the 90% or is it a shot in wide open field. They say 50% is leased as of today. Does that include all city property? This question may be very important before taking the offer. The city holds over 92 acres in section 24 that was put up for bid according to minutes from the city counsel meeting July 25, 2008. Due to the cities high price for acres along with locking property into nomination (6 total), I think that it's made a rough job for the landmen. I don't think cities property is leased but if anyone knows different please let me know. 92 acres of section 24 is city property and if sections are made up of 640 acres each, then the city has at least 14% ownership in the section. If the property is still open then the possibilities of achieving 90% leased per the petro. offer is next to impossible. 14% of 100% is 86%. That would mean if every last resident that has the section 24 offer in waiting, signed and did not leave even a single person holding out, 90% would never be achieved and will never for that matter. I didn't study the entire document nominating city property so there may be property I missed in section 24 that is listed which would mean more than 14% (city). The question to follow is has the one of the companies made a bid or leased the city property. Also they would be obligated to bid on more than just section 24 because the property is divided into 6 nominations and each nomination covers many pieces and parts of land in many different sections. The nominations are to be bid in full and no partials. Force pool is the only way to get at a piece of land without paying for the rest of the nomination and as long as 90% is not achieved for any section the state will not grant the force pool under ordinary circumstances. If a section has more than 10% overall city property, then it's basically locked in a way until the leasing in many sections are near complete giving the security of investing that kind of money. If city property leased first then landmen would lose their bargaining power. It's sad but true and it's nobody game in reality. If you need reference to this idea or claim see www.bossiercity.org; go to city counsel July 25, 2008 minutes. It's public documents so everyone should use this knowledge.