Replies to This Discussion

Permalink Reply by RAZORBACK on January 17, 2012 at 7:32

A landman called me this morning offering an 6 month option to lease 220 acres in 23N-14W, if option is exercised I must agree to lease at a fixed price per acre.  Would not say who he is representing.  This is not a good deal...

Seems the activity is now picking up in North Louisiana again.

Permalink Reply by Skip Peel - Mineral Consultant on January 17, 2012 at 9:40

This offer has been around awhile.  There is nothing wrong in principle with an option to lease agreement.  It depends on the lease terms.  When mineral owners are the driving force behind the option agreement, the terms are usually good and slightly better than current top offers.  When the option to lease offer is from a speculator, or in this case speculators, it's usually slightly to definitely below the average current offers.  Treat it just as you would a lease.  If the terms don't suit you, turn it down.

Permalink Reply by RAZORBACK on January 17, 2012 at 9:42

Skip,,, Thanks for the advice....

Permalink Reply by tater on January 17, 2012 at 10:33

Razorback,  What company did the landman represent or did he mention who the operator is?

Permalink Reply by RAZORBACK on January 17, 2012 at 10:42

JB Land Services out of Shreveport...

Permalink Reply by Skip Peel - Mineral Consultant on January 17, 2012 at 10:46

A lot of new "land" related businesses popped up in the months after the public announcement of the Haynesville Shale.

JB LAND SERVICES, L.L.C.

Limited Liability Company

SHREVEPORT

Active

Business:	JB LAND SERVICES, L.L.C.
Charter Number:	36734497 K
Registration Date:	5/1/2008

Domicile Address
	400 TRAVIS STREET
	SUITE 1307
	SHREVEPORT, LA 71101

Mailing Address
	400 TRAVIS STREET
	SUITE 1307
	SHREVEPORT, LA 71101

Status
Status:	Active
Annual Report Status:	In Good Standing
File Date:	5/1/2008
Last Report Filed:	6/29/2011
Type:	Limited Liability Company

Registered Agent(s)

Agent: JOHN CHRISTOPHER BEAN Address 1: 176 INDIA DR. City, State, Zip: SHREVEPORT, LA 71115 Appointment Date: 5/1/2008 Agent: JOHN ROBERT BOWMAN, III Address 1: 112 FOUNTAINBLEU DR. City, State, Zip: SHREVEPORT, LA 71115 Appointment Date: 5/1/2008

Officer(s)

Additional Officers: No

Officer: JOHN CHRISTOPHER BEAN Title: Member Address 1: 680 ASHLEY RIVER RD. City, State, Zip: SHREVEPORT, LA 71115 Officer: JOHN ROBERT BOWMAN, III Title: Member Address 1: 112 FOUNTAINBLEU DR. City, State, Zip: SHREVEPORT, LA 71115

Permalink Reply by tater on January 17, 2012 at 10:51

Same company contacted me in November.  23N 12W.  Have not signed anything yet.  

Permalink Reply by don3833 on February 11, 2012 at 15:17

Same company (JB Land Services) is in contact with me for my land in 23N 13W.  Lease is only for minerals below the Rodessa base, excludes everything above.  Hasn't identified the operator but states they are planning horizontal drilling. 

Anyone have a feel for liklihood of leasing the depths above Rodessa Base?

Permalink Reply by Oliver D. Towns on February 19, 2012 at 14:54

We have been contacted by JBL LLLLLand Co (a subsidary of
Red River) who is leasing for Petrohawk.  They offered $250 Lease Bonus & 25%.

Permalink Reply by Skip Peel - Mineral Consultant on February 22, 2012 at 17:46

Oliver, when you say JBL is a subsidiary of Red River, what Red River are you referring to?  Do you know the full name of the company?

Permalink Reply by Big Dave on February 23, 2012 at 9:21

Oliver, we recently leased with JBL. Our land is in sections 18,19,35, and 36/23N,12W. They would not disclose the operater. Looks like it must be Petrohawk, judging by your posts. Thanks for your info. Dave

Permalink Reply by LMC on March 3, 2012 at 7:45

My family has recently received an offer with JBL.  Same here, they wouldn't disclose the operator.  Best offer so far is 300/acre with 22.5%.  This is located 17-23N-12W.  The Exhibit A contained several provisions.  I am considering taking the lease agreement to an attorney to look over before we sign.  Any advice is appreciated. 

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