Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 24, 2009 at 15:13

ken, I agree. But I hesitate to give credence to rumors of $12K (or $5K for that matter) without some additional details. A tract of the right size, in the right location might receive such an offer from the right operator but it would be a grave disservice to the members to give the impression that every mineral interest in this general area may qualify to receive such an offer. Generalizations without specifics have caused serious problems in the past. The days of "blanket offers" are over. Now, more than ever, it is important for mineral owners to do their homework and enter into lease negotiations with some basic knowledge of the value of their mineral estate. The best source for that knowledge is GHS, IMHO.

Permalink Reply by ken hatcher on September 24, 2009 at 15:34

Well, yes it would be bad for some one thinking there was more if it was not true. However there has been some $5000.00 signing's. Not saying that is standard procedure though. I really don't understand it because they appear to not be any higher in north desoto.

Permalink Reply by Skip Peel - Mineral Consultant on September 24, 2009 at 15:47

ken. Offers are more location specific now. There are no "blanket offers". Whether the offers are $5K... more ... or less, it is for specific reasons. And mineral owners need to have a basic grasp of value. It's not that difficult to figure out for those who have spent sufficient time on the site and followed the directions regarding how to track development activity proximal to their mineral acres. The reason that you have questions based on gross location criteria is a good example of the fact that general location is no longer a good barometer of current offers. It takes a little work but there are still opportunities for better than average offers. Those who do their homework are most prepared to take advantage when the opportunity rolls around.

Permalink Reply by ken hatcher on September 24, 2009 at 16:05

Well i know we have five rig's drilling. North desoto is in the core of the play. Leases last year was for $25000.00 there and here it was for $10000.00. I am glad that genereal location is no longer a good barometer!

Permalink Reply by Skip Peel - Mineral Consultant on September 24, 2009 at 16:27

ken. Last year is last year and has zero significance this year. Or next. Last year some mineral owners in south DeSoto thought that their minerals were of lesser value than north DeSoto. They weren't but then again that's what they thought from listening to rumors and not doing their homework. Only a handful, probably less than a hundred , got offers in the $25K/acre range. And some of them didn't accept because they thought offers would continue to rise. Bottom line, there is no substitute for being informed. And relying on rumor is a good way to make a poor decision.

Permalink Reply by ken hatcher on September 24, 2009 at 16:31

I appreciate your thoughts.

Permalink Reply by Two Dogs, Pirate on September 26, 2009 at 13:40

Ken I don't think anyone can even guess where the core of the play really is, it is a moving target. This play is still an infant.

Permalink Reply by Henry on September 24, 2009 at 5:26

Martin
Apparently Round 1 of these negotiatioins went to the landowners. Let's see if they decline CHK's offers and drive prices up more....

Permalink Reply by ken hatcher on October 8, 2009 at 4:18

NOTE: T.J. SISTRUNK well was roaring and flaring brightly at midnight last night. Beautiful sight!

Permalink Reply by waltcop on October 8, 2009 at 4:39

ALRIGHT.....good news for T9N, R12W as well. Anyone know where this rig is to be set up next? My sister said she saw the trucks leaving last Monday but didn't know where they were moving to.

Permalink Reply by Gambler on October 8, 2009 at 4:56

Dont know about that one but the started drilling sec4,t9n,r11w though.Maybe the rig went there. I just found out last night that the rig was there so maybe that was where it came from. dont know how long it takes to set one up so maybe not it.. not sure. all i know is they are drilling.hope it is a good one.

Permalink Reply by Dixie on October 8, 2009 at 11:47

Yeah, I saw it flaring (TJ Sistrunk) at about 7 p.m. yesterday evening when I passed by. The newly permitted well #240294 HA RA SUM;JIMMY RAY BROWN 9 H 001 has a road to the location and looks like maybe a pit dug. It will be easily seen from Sistrunk loop Rd.

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