Brown dense......leasing activity Union County,Union Parish.....EOG

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This is a post being sent to anyone having info on a shale fprmation called brown dense. There is a company called PINE bELT WHO IS RUMORED TO BE LEASING
several 300 to 400,000 acres in two counties in Ark. and one ....Union Parish ,La.
Is anyone selling leases?? If so ,what is the going rate?
EOG is spin-off to the old Enron company.
This lease asctivity seems to on a hush-hush basis.
Does anyone think this might be as big as any of the other shale plays? Jim B.

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Replies to This Discussion

Permalink Reply by The_Baron on April 23, 2010 at 3:56
Sour gas contains Hydrogen Sulfide. Very corrosive and toxic. It will kill you. Expensive to treat and requires special equipment. Wells with sour gas may even need stainless steel pipe.
Permalink Reply by Jimburgess on May 6, 2010 at 4:21
Pine Belt is steadily buying leases in Union County and Union Parish. Offering anywhere gfrom
#175 to $225 per acre ,3/16, 4/4 year lease..option
Has anyone received a better offer from anyone else or Pine Belt....Triad????
Jim burgess
Permalink Reply by Glen Bays on September 24, 2010 at 3:41
I leased my land in Eastern Claiborne Parish to PineBelt.
1/5, 3/3 year option. A better price than above....
Permalink Reply by obed w odom on September 26, 2010 at 9:14
Pinebelt has also leased quite a bit of land in Sections 10, 11, 12, 13, 16, and probably others, of T23N R6W, Claiborne Parish. Terms were $300 per acre; 1/5 royalty ; 3/3/1 years.
Permalink Reply by John Brewster on September 29, 2010 at 3:36
What bonus money did you receive?
John
Permalink Reply by John Brewster on September 29, 2010 at 3:37
Any more recent news on lease offers. I'm in Union County - was offered $175, 3/16ths, 4/4. Anyone get more?
John
Permalink Reply by Glen Bays on September 29, 2010 at 5:57
They are paying $300.00 per acre.
Permalink Reply by WalterC on September 29, 2010 at 6:09
Is that in Union County? Who's paying that - Pine Belt or somebody else?
Permalink Reply by Glen Bays on September 29, 2010 at 6:41
This is in Claiborne Parish, La. and Is PineBelt
Permalink Reply by WalterC on September 29, 2010 at 10:08
The most I've heard offered in Union County is $250/acre 4/4 with a 1/5 royalty.
Permalink Reply by John Brewster on September 29, 2010 at 10:28
Thanks, that is helpful.
John
Permalink Reply by John Brewster on October 6, 2010 at 12:20
Walter:
Pine Belt (lease broker) denies that they have paid more than $175 and 3/16ths. Can you confirm the $200 and 1/5th terms? Who was the broker/lessee, if you can find out?
Thanks again for the help.
John

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