Replies to This Discussion

Permalink Reply by North LA on July 7, 2011 at 15:28

Everyone here is an adult and this is a message board. 

 

CAVEAT LECTOR!

 

I would never purposely mislead another mineral owner and my sole intent to share information so that a mineral owner is informed! The instance you describe was one in which a mineral owner in Union Parish, Kathy King, was asking if she should or shouldn't sell her minerals and my intent was to stress that she should never sell her minerals. If one was trying to buy minerals in the area I could understand why this would upset them but otherwise I would not!

 

See link below for thread!

 

http://www.gohaynesvilleshale.com/group/unionparish/forum/topics/un...

 

 

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Permalink Reply by Skip Peel - Mineral Consultant on July 7, 2011 at 15:52

Correct.  Would you like to take this opportunity to list the wells you mention?

"There have been 3-4 wells drilled around Marion over the last few years checking out the brown dense."

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Permalink Reply by North LA on July 7, 2011 at 15:59

Look it up on Sonris.

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Permalink Reply by Skip Peel - Mineral Consultant on July 7, 2011 at 15:59

That's what I thought.

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Permalink Reply by North LA on July 7, 2011 at 16:09

Ok ok. I'll write up  a report for you tomorrow free of charge. You can even use it with your clients.

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Permalink Reply by Skip Peel - Mineral Consultant on July 7, 2011 at 16:08

Dudley is a larger company.  It is quite possible that the parties behind the leasing need to accelerate efforts as actual identifiable Brown Dense activity is near commencing.  Once the energy companies involved are public knowledge and they are forming units and permitting wells, it will become a greater challenge to acquire leases favorable to the industry.

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Permalink Reply by North LA on July 8, 2011 at 1:48

"Seeco is shown as an interested party on the AFE where Weiser-Brown is looking for a farmout...(interesting in that it looks like an added afterthought name)"

 

Good catch Ray. I didn't see that as I was little distracted. Do you think SWN would lease under both the Pinebelt and Triad name? Also, I have a friend who leased under Pinebelt. Do all of his contracts revert to TSDI or would he still deal with Pinebelt with any questions. Thanks

 

North La

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Permalink Reply by North LA on July 8, 2011 at 2:34

Ray,

 

Thanks for sharing. What are your thoughts on all of this? Why would Pinebelt sign the leases over? In other words, what is the benefit to the O&G company involved?

Permalink Reply by Herman (Chuck) Plonnigs, III on July 8, 2011 at 11:37

Just me with another somewhat uninformed question,

 

I’m assuming I can use names here...forgive me if I’m wrong.

 

A Mr. Guidry (sp?) representing TSD contacted me earlier this week to follow-up on the offer Pinebelt had made me earlier this year and that Pinebelt had, if fact, been replaced by Mr. Dudley.

 

I was informed no changes had been made from the original offer made by Pinebelt.

 

I will not sign a 4/3 year lease; however, I have no desire to be pooled.

 

As I understand this circumstance, when the time comes that a real intent to drill comes along, will I, an unsigned landowner, be given a final opportunity to sign a lease?

 

I have been told on numerous occasions that what is happening in NELA is exactly what occurred in NWLA in 2006 & 2007. I am in no way attempting to equate HS with BD. (By the way people are still making millions over there.) But I have also been told that pooling is not an advised way to proceed…so I don’t intend to.

 

But as stated above I feel very uncomfortable signing a 7 year lease, so I don’t plan to. Again my question…will I be given a final opportunity to sign prior to immanent drilling?

 

My land is in Union Parish.

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Permalink Reply by Skip Peel - Mineral Consultant on July 8, 2011 at 11:51

In LA. you can lease anytime.  Before the well is spud, while its drilling, after drilling is complete and after the well is completed and turned to sales.  When the time comes to drill a section, the term of a lease is no longer a factor.  We should know soon what company(s) are involved, what they are seeking to develop and where they will start drilling first.  That will be the time to consider a lease.  At the low bonus offers reported so far, there is little at stake in waiting until more is known.  I always suggest that mineral owners deal courteously with landmen, state an interest in leasing and continue to put off making a commitment until more is known.

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Permalink Reply by North LA on July 8, 2011 at 11:56

Herman,

 

Mr. Aubrey C. Sanders, Jr may be a good contact to discuss this issue.

 

 I also agree with what Skip said and I'm going to wait for now. This whole thing may be a bust but I think it's worth leaving a few $100/acre bonus and 20% on the table for the potential of maybe $2k-3k/acre and 25% royalty.  If you have lots of land then get a lawyer who is well versed in oil and gas.

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Permalink Reply by BirdDawg, plain ole' idiot on July 8, 2011 at 16:31

If anybody in that play gets $2/k - $3/k an acre i will kiss your ass on the courthouse square. Your choice of the courthouse. But I agree on holding out for 25%.

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