Replies to This Discussion

Permalink Reply by Charles Bell on August 29, 2013 at 7:35

I would be willing to share what I was offered if either M T or you are willing.

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Permalink Reply by Cindy Stepp on August 29, 2013 at 7:43

$250 acre 3/16 royalty 5 yr lease

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Permalink Reply by M T on August 29, 2013 at 7:51

Charles/Cindy,

The last offer we were given was $300 for a 3 year with a $50 for a 2 year renewal.  Royalties were 1/4 down to the Wilcox, but only 1/5 below, which of course is where the TMS is.

Charles,

Is that similar to what you were offered?  We have an undivided interest in a little over 7000 acres

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Permalink Reply by Charles Bell on August 29, 2013 at 7:49

Cindy and MT

I was offered the same that my family go back in 1985. $200/acre, 20% for 5 years. I countered but to no avail. I am not sure that landowners can expect more than you got for the size of your acreage until more players enter the TMS and some of the acreage on the market gets moved.

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Permalink Reply by Charles Bell on August 29, 2013 at 8:06

MT

Now that I recall the 1/4 wilcox and either 3/16th or 20% for deeper. We hold 48.9175% of 8,072 acres and are in a non-binding coorperative agreement (gentleman's agreement) with about 35 to 40% owned by the rest of the groups in the 8,072 acres. I set up a website that details our property if you want to see if we border each other. It is at http://www.petermanminerals.com/ . We would love to know where your property is MT just to see if we border one another. Cindy, you already described yours.

Thanks for sharing.

Charles Bell

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Permalink Reply by M T on August 29, 2013 at 8:16

Charles,

Our minerals are located between Lake Mary and the Mississippi River.  Basically on the inside of the half moon formed by Lake Mary.  So we are just down to the Southwest of you, but not contiguous to your acreage.

I am pressed for time today, but I am going to email you so we can can keep in contact and hopefully help each other

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Permalink Reply by Charles Bell on August 29, 2013 at 8:51

I am in agreement, MT and Cindy. Please use my cbell333@gmail.com address. I would like to stay in touc and share information on any inquiries. It would benefit all of us. If you want to share and keep in touch just email me. I am also in contact with others who own minerals and land in the area.

Cindy, I think you did the best thing at that time in the development of the TMS. Lots of unknowns. I hope you get your interest drilled. In the meantime you made money.

Regards

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Permalink Reply by Cindy Stepp on August 29, 2013 at 9:13

Thanks Charles & MT.  That would be great, especially since I'm on the left coast and have no idea what's going on in MS.  My email is btrflygrl68@msn.com

Best of Luck!

Cindy

 

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Permalink Reply by Charles Bell on September 3, 2013 at 4:04

Waiting for your email, MT. Hope you had a good weekend holiday.

Charles

cbell333@gmail.com

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