Replies to This Discussion

Permalink Reply by Two Dogs, Pirate on August 23, 2008 at 12:47

Don't know about Winn but Hunt is around Olla. They are leasing the Anona Chalk.

Permalink Reply by wjsonl on November 10, 2008 at 9:50

In the last few days we've been offered (actually re-offered since they made the same offer several months ago) $150/acre by DB Interests. Told the landman Ernest Kauffman that they'd have to come up with something much better! He said $150 is their top dollar. (uh huh, yeah, right) Jack

Permalink Reply by Lee Wise on November 10, 2008 at 15:00

Hang in there! The seismic crews are laying the geophones in our area hear in the Pineridge community in north west Winn Parish. Not sure how long it will be before the data is processed, after it is collected. But I believe that after the results are in things will pick up in our parish. I think it would be unwise to sign anything until the seismic survey is completed. Just my opinion.

Permalink Reply by wjsonl on November 10, 2008 at 15:12

Hi Lee, what is the township, range, etc for the land where they are doing the seismic testing? Thanks, Jack

Permalink Reply by Lee Wise on November 10, 2008 at 15:55

Township 13 North, Range 5 West. From what I understand that this survey extends as far north as Bienville in Bienville Parish, and goes far to our south. They are moving steadily from west to east. The early stage crews have covered areas far to our east. Somebody has put a great deal of money into this survey.

Permalink Reply by wjsonl on November 10, 2008 at 16:17

Thanks, Lee, we've got land in T13, R2-4. J

Permalink Reply by DB in Bienville Parish on November 21, 2008 at 3:19

I was just contacted by D.B. Interests LLC of Shreveport. I am in North West Winn Parish, Sec. 35, T13N-R4W. they offered $150 / acre, 1/5 royalty for a 3 year term (HA HA HA!!!!!) They called and we talked of depth limitations and they said they would sign a lease with depth limitations. They also stated that they were not drilling for gas in the "shale" they where exploring in the "Cotton Valley" zone. Seems pretty fishy to me since the two zones are so closely related. I am afraid that many of the land owners in Northern Winn Parish are going to be taken with the low bonus offer and lease for this long term, not realizing that the Haynesville Shale lies under parts of Winn. Land owners beware!!

Permalink Reply by Wilmer Sparks on December 2, 2008 at 11:24

DB:

A 3 year primary term on a lease is not long at all. In fact, I'll venture to say that this is the standard term on all of the leases that have been acquired in the western parishes (Caddo, DeSoto, etc.) for the Haynesville Shale.

Permalink Reply by lanadan Ds3 on December 2, 2008 at 11:51

Be careful with the particulars of the lease!!!!!!!! I'm in s/w DeSoto. Lots of folks up our way signed what they thought was 3 yr lease only to find out that there was a 2 yr extension, making it a basically a 5 yr lease. These people have waiting for the 3 yr primary term to expire only to be hit in the face with a "chicken feed" check (sometimes only $10 per acre) at the last minute which of course extended the lease for the 2 yrsI

Permalink Reply by DB in Bienville Parish on December 14, 2008 at 7:32

Wilmer:
The term is not the HA HA part. The $150/ acre gives me a good laugh.

Permalink Reply by NorthTiger on December 9, 2008 at 5:24

This go round it sounds like we are all being offered $150/acre, three years, 1/5 royalties. A bad lease is better than no lease......but, you can be stubborn and get no lease and wait and wait and wait.

I personally think the bonus, time and royalty amount is about right. I would not want an option for an extension.

If anybody is putting depth restrictions on their lease what depth limit are you getting?

Permalink Reply by RAY on February 7, 2009 at 13:33

Whats the latest data on The HS in Winn parish ?

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