Replies to This Discussion

Permalink Reply by ALongview on May 28, 2012 at 4:40

I find it sad that this is what the Haynesville has become.......where producing minerals are valued at roughly 2k per acre or 40% of what they leased for. We were offered 120k for 56+\- acres all of which are in the Magellan unit. On the bright side it looks like both of these offers are in areas that may hold James Lime liquids? Maybe that will add 50 bucks to the value in a decade or two!

Permalink Reply by adubu on May 28, 2012 at 5:20

when commodities prices drops and royalty income follows tyipcal boom-bust cycles that when the "sharks" come out to attempt to pick up minerals at bargin prices. For those thinking about selling just remember the buyer wants a 10-1 return on their investment in general

Permalink Reply by Benedumtreesoilwell on May 28, 2012 at 7:31

Alongview you are correct.  That is a proposed area for James Condensate.

Phillip, is that SM Energy's Ironosa?

Permalink Reply by Phillip Ware on May 29, 2012 at 14:43

Bene,

Yes sir, it is.

Permalink Reply by Benedumtreesoilwell on May 30, 2012 at 5:37

Dont Sell.  Trust me.