Leasing in Rapides Parish
A landowner contacted me about being approached by a landman from ReliaTerre Professional Land Services from Lafayette about acquiring a mineral lease on his property in T1N-R2W near Forest Hill, LA. Anyone else been approached by this or other group? Anyone know who ReliaTerre is representing?
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Replies to This Discussion
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Permalink Reply by Lisa Melder-Johnson on -
I have not heard anything myself. I am a private unleased land owner in the Melder area. Do you know what they offered per acre or % or what section this land owner is in?
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Permalink Reply by Dr. X on
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Lisa
Property is just west of FH. Landowner was offered $250p/a and 20% royalty. Also, and I'm sorry for not mentioning this earlier, but it would appear that ReliaTerre is initially trying to acquire an option to lease because the landowner mentioned that the landman referred to an agreement based on $25.00 per acre and that the subsequent mineral lease would be for the $250p/a.
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Permalink Reply by Lisa Melder-Johnson on
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So a surface lease amount of $25 per acre, plus mineral of $250 per acre with % royalty. I know that Magnum Producing LP out of San Antonio drilled a prescribed well back in 8/2018 to extend a BLM lease holding LAES 059344X. This was SN# 251222 in T1N/R2W section 6. Only drilled to 8900' Majority of land in this BLM unit was federal land but some of it was private land. The well itself was drilled on private land on Boy Scout Rd. This new leasing activity may be a result of some things learned during this drilling. I myself am a unleased landowner in a BLM unit too.
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Permalink Reply by Lisa Melder-Johnson on
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Also D&D Drilling out of Ferriday, LA did that well.
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Permalink Reply by Spring Branch,mineral owner on
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Who would want to tie up acreage for a $25 an acre option? Not me!
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Permalink Reply by Lisa Melder-Johnson on
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Me neither
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Permalink Reply by Skip Peel - Mineral Consultant on
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An option to lease is typically utilized by a speculator, not an operating company. Kirk Barrell/Amelia Resources has used the option to lease approach to tie up a good bit of central Louisiana acreage prospective for the AC play.
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Permalink Reply by Lisa Melder-Johnson on
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So basically Skip they are a for profit broker? Lease up low & resale high. At least it is good to have interest in the area. I have not seen much from Amelia Resources lately, they are quite.
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Permalink Reply by Lisa Melder-Johnson on
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Has anything new happen in this area that you know of?
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Permalink Reply by Lisa Melder-Johnson on
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Thanks Jay! I believe the Rig sign was still there as of last night.
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Permalink Reply by Lisa Melder-Johnson on
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Thanks Dr. X! Will also let you know if anything on my end
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