Replies to This Discussion

Permalink Reply by Dixie ZW & ZE on December 5, 2010 at 23:56

On sec 29, T20 N R 6w , I don't know who you got this 1 acre from, I live next to this acreage and most, but maybe not all of this section is already under production. Is it Possible that you did not get any minerals with the ownership. Louisiana Conservation Dept shows 13 wells associated with this section some plugged and etc.

Permalink Reply by Michael on December 6, 2010 at 9:16

Unfortunately, I am clueless about any of the land that I inherited. How do I go about gaining more information? It does seem odd to have just one acre apart from the other sections.

Thanks-
Michael

Permalink Reply by JB on May 15, 2012 at 8:54

Not sure about the leasing in your area but I did see drilling permits for two Lisbon Field wells on the DNR website. One was in Sec 17 T21N R4W(Smackover zones A&B), the other was in Sec 36 T21N R5W (Vaughn Sand).

Permalink Reply by Andrew on August 12, 2012 at 13:08

Michael,

what the tax assessor told you is correct: they will contact you if they want to lease your minerals. Contacting a company about leasing land that size would just indicate that you are motivated in the event they were interested.

Permalink Reply by Michael on August 28, 2012 at 10:23

Additional information on the lease offer:

"This lease is based on a $300 per net mineral acre bonus for a 3 year primary term with an option to extend the primary term 4 more years for 300 per net mineral acre and this lease provides for a 1/5th royalty."

SECTION 4 - TOWNSHIP 22 NORTH - RANGE 8 WEST

Is this a good lease and has anyone else received lease offers in this section?

 

Thanks, Mike

Permalink Reply by tony allen on August 28, 2012 at 11:04

Mike,

I think there have been offers for a little more bonus and royalty in that area. I believe better tems as well. Aubrey Sanders Jr. might have more info. I think you might get more responses if you post in the Brown Dense forum. I was offered the same tems as you in Feb of 2011. I am in 6 23n 6w.

Permalink Reply by Skip Peel - Mineral Consultant on August 28, 2012 at 12:03

IMO it would be a mistake to attribute all the leasing activity in Townships 23N & 22N in Claiborne Parish to the Brown Dense. There are other companies with leasing efforts underway in this area and I doubt that their interest is the Brown Dense.

 

From another thread:

Reply by hazel c's grndter 3 hours ago

Actually my name is Lisa. I didn't have contact info for the other heirs so I used my Grandmothers name in case one of them used this site they might recognize the name. We were dealing with JB Land. The Landman told me he was working for SM Energy. the property is 46.67 acres (which my Mom owns an undivided 20 acres) in the west 1/2 of N.W. quarter of Sec 21, Township 23N, Range 13W, Bossier Parrish. The landman submitted two offers to us. one was $250.00 per acre bonus with 25% royalty or $300.00 per acre with 20% royalty. Mom chose the 300.00/20%. I'm sorry I can't remember the clauses and stipulations we asked for. I just know the attorney went over them with me and told me which ones we would fight to keep and which ones we could let go. The Landman agreed to everything with two minor changes.

 

Permalink Reply by Michael on August 28, 2012 at 16:31

Thanks for replying gentlemen.  

Skip, the landman states he is representing Miller Land.  Can you please check how many leases have been filed in this area and any other information that you may be able to gather?

Also, can you recommend a good O&G attorney that knows the 4 22n 8w area?

Thank you so much for all your help!!

Permalink Reply by Skip Peel - Mineral Consultant on August 29, 2012 at 1:10

Michael, I don't have access to Claiborne Parish records at this time.  Miller Land Professionals appeared late in our discussions and generally further south than your location.  Since late June they have filed 19 leases or memos of lease in Union Parish in middle to lower section rows of 21N 4W & 3W.  They haven't assigned any of those leases to an operating energy company at this time.

Randy Davidson (Davidson, Jones & Summers) in Shreveport.  318-424-4342.

Permalink Reply by Michael on March 13, 2013 at 7:42

Update:

I now have a lease contract for sec 4/22/8 @ 400 acre and 25% (not signed yet and negotiated up from 300/20%) and now have papers from Geokinetics for a seismograph survey @ 15 acre (also unsigned).  Is anyone else receving offers such as these?

Can someone read into this and give me an educated opinion as to how I should proceed?  I've looked at the archives and see that general consensus on the survey is 25 acre is the going rate, however these discussions are from 3-4 years ago and a different county. Is there a "going rate" for this area and for this time period?

Permalink Reply by Skip Peel - Mineral Consultant on March 13, 2013 at 7:50

The bonus and royalty are good offers based on your acreage.  The remaining lease terms are important also and should be taken into consideration.  The seismic permit offer is the usual.  You could negotiate and possibly get a little more but the dollar differential is inconsequential.  What is more important are the damage terms.

Permalink Reply by Michael on March 13, 2013 at 8:04

Thanks Skip, I value your opinion highly.  In fact I did have Randy Davidson (per your rec)review the original lease offer and he added additional clauses re damage, timber, water, etc. that was accepted.

Re the seismic permit, the payout is so low it would not benefit me to use an attorney.  Should I ask for higher per acre and what types of clauses should I include to mitigate damages possibly done to the land or timber?           

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