Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 17, 2010 at 4:31

If you will post the section-township-range for your mineral interest, we can tell you which companies are active in the area and provide you with contact information. Unless the public record fails to provide notice of your ownership, it is not a good idea to pursue a lease. I'd suggest confirming that the public record clearly shows your interest, some protracted homework to become knowledgeable of the leasing process and learning how to track development activity in the area of your minerals on the state oil & gas database, SONRIS Lite. If your interest is small (<10 acres) you may not be approached with a lease offer until a well is ready to start selling your gas.

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Permalink Reply by Angel Edwards on September 17, 2010 at 5:27

Section 18, township 19 North, range 11 west, in Bossier parish, Louisiana.

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Permalink Reply by Skip Peel - Mineral Consultant on September 17, 2010 at 5:49

Angel, there is no development activity in your section or those immediately surrounding it at this time. This area appears to be too far north to be prospective for the Haynesville Shale. There are one or more discussions concerning this area and the companies that are active in the township, though some miles away from your location, I suggest that you join the Bossier Parish Group and do some catch up reading. Use this link:

http://www.gohaynesvilleshale.com/group/bossierparish

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Permalink Reply by Mac Davis on September 17, 2010 at 9:38

Whatever you do, be careful. There are lots of snakes in the oil patch.

Roughly how many acres do you have?

Don't get too discouraged. There are some wells being drilled a few miles to the west.

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Permalink Reply by Angel Edwards on September 18, 2010 at 11:50

10 acres, and I really want to be careful. I have been reading this site for over a year and a lot of the information is way over my head, however I feel this site is very useful.

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Permalink Reply by Mac Davis on September 19, 2010 at 5:21

10 acres could bring you enough money to make it really worth your while to do spend the money and time to everything right. (If some wells are drilled that produce a lot of gas, if prices are right, etc.)

Are you interested in maximum payout over time, or cash now? Do you have any particular desire to sell the land?

I think you'll get lots more value over time from signing a lease rather than selling the mineral rights, but one is cash in hand and the other is a maybe.

In particular, don't be in a big hurry. We had the boom and bust in the Hanyesville Shale and in the economy. Where/when things settle out is anyone's guess, but I'd bet on things getting better over time.

Do you know any landowners who live in the area? It may help to stay in touch with them.

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Permalink Reply by Stevew on September 17, 2010 at 10:38

Welcome Angel! I also live on the west coast. This site is by far the best place on the web for the average person who has mineral rights. You will be able to get your questions answered by very good people (a number of whom are in the o&g business) GHS has a very good blend of owners, pros and those who want to be.

Logger

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Permalink Reply by Angel Edwards on September 18, 2010 at 11:52

Thank you. You probably understand better than most how taxing this process can be when you're so far away.

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Permalink Reply by Checkmateking on September 19, 2010 at 9:27

I wonder why there aren't any wells in your area to begin with, thats in the middle of the famous Bellevue oil field, your are literally surrounded by hundreds and hundreds of wells.

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Permalink Reply by Mac Davis on September 19, 2010 at 11:14

There don't appear to be any active wells in her section, but I guess it's possible that the mineral rights are held by production by an old well in another section.

The vast blob of wells in the area is a couple of miles to the east. I guess that's Bellvue.

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