Replies to This Discussion

Permalink Reply by inthestix on May 15, 2012 at 11:58

Merit was concetrating on T22. Odd to me that they are up in 23.  But they have 2 different guys who dont know what the other is doing! Both have called the same landowners in T22 so that doesnt surprise me!  JB is making a better offer but they are not leasing in T22. Although it is very likely they are working for the same large company!

Permalink Reply by Skip Peel - Mineral Consultant on May 15, 2012 at 12:16

Merit hasn't recorded any leases yet.  J B land has.  I'm out of town and don't have my file.  I can tell you where J B Land has leased when I get back.  Remind me Monday.

Permalink Reply by drillbit on May 22, 2012 at 5:40

I was contacted a couple of weeks ago by a Merit person in Lafayette about leasing in Section 1, Township 22n, Range 12w. I know of someone else in the same area that he also contacted. Neither of us felt good enough about our conversations with him to seriously consider leasing.  I was not impressed with the guy and did not get answers to some questions I asked him. I am recalling strictly from memory, I believe he discussed:

  - a 4 year lease with a 3 year option

  - 1/5 royalty

  - Merit represented a drilling an undisclosed entity that planned to drill a deep, very expensive well in about a year

  -  other folks in my property location have already leased (I really wonder)

 

Permalink Reply by Skip Peel - Mineral Consultant on May 22, 2012 at 7:39

drillbit, I think it likely that Merit and J B Land are leasing for the same client.  The sections immediately north of Section 1- 22N - 12W have leases to JBL.

Permalink Reply by Big Dave on May 23, 2012 at 7:17

Skip, talked with JB today and I asked if they were leasing for a common client and was told no.

Permalink Reply by Skip Peel - Mineral Consultant on May 23, 2012 at 12:27

Dave, most of the landmen at JB Land wouldn't know if there was another land company working adjoining areas for their client.  And those that would, would not admit it.

Permalink Reply by Big Dave on May 24, 2012 at 4:37

Skip, agree to an extent. They are aware of Merit working south of 23. We've leased 660 acres to JB, so obviously, I've had many conversations with them. The bulk of it in 23/12; rest in 23/13. The speculation, and I emphasize speculation, is Merit could be working for Hodges or CHP. I've been told that whoever JB is repping is looking to punch in late summer. Who knows?

Permalink Reply by Skip Peel - Mineral Consultant on May 24, 2012 at 4:50

BD, is your CHP referencing Chesapeake?  I have notes on every JB Land lease that has been filed with the Bossier Clerk.  And Samson Contour's adjoining to the east.  It is possible, although unlikely IMO, that the ongoing leasing we are discussing in N Bossier are not related.

Permalink Reply by inthestix on May 22, 2012 at 14:16

Not far from you drillbit and there are several of us just like you!  Just not good enough. Need some offers like JB gave in T23 and ones HEP is offering just north of Benton!

Permalink Reply by Skip Peel - Mineral Consultant on May 15, 2012 at 12:04

Have you asked Merit if they think J B Land has all the section leased excepting your tract?  How many acres do you own in the section?  Whoever the actual operator turns out to be they will be obligated to honor the terms of your lease. So get the best lease terms regardless of which company you choose.

Permalink Reply by LMC on May 15, 2012 at 15:41

My family owns 40 acres in the section that is almost completely leased up.  They agreed to lease some additional acreage in 2 different sections.  I haven't heard from Merit in about a month.  Merit wanted to lease everything that was available that my family owns.  Some was under production and they would try and get approval.  But it sure has gotten quiet.

Permalink Reply by Skip Peel - Mineral Consultant on May 16, 2012 at 1:08

Don't be concerned that things have gotten quiet.  J B Land is still taking and recording leases.  If you can wait until I get back I'll add up the leases in your section and confirm whether J B actually has what they claim.  Regardless 40 acres puts you in a good bargaining position.

• ‹ Previous
• 1
• …
• 9
• 10
• 11
• 12
• 13
• …
• 23
• Next ›
• Page