Top Dollar Per Acre \Paid For Bonus Consideration In Haynesville?
Who got the most, who paid the most and in what Parish?
This came up while having a meaningfull refreshment last evening with a Think Tank full of "Experts" that did not have an answer. Help!!
Joe Ring
Views: 766
Replies to This Discussion
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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on -
The July 2008 State Mineral auction included 7 tracts in S. Caddo Parish that received winning bids of $30,212.00 per acre bonus and a royalty of 30%. Theophilus Oil, Land & Gas was the successful bidder on behalf of Chesapeake Energy.
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Oil & Gas ProPermalink Reply by Two Dogs, Pirate on -
Skip I am kind of fuzzy on what I remember but wasn't this a rental lease that the second year rental would have to be 1/2 the bonus?
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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on -
Yep. A lot of money for a one year lease term. Tract 39963 was the largest at 178.17 acres and the lease bonus was $5,382,872.04 and the rental $2,691,436.02.
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Oil & Gas ProPermalink Reply by Two Dogs, Pirate on -
If I rember correctly the second year rental was not paid?
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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on -
It's CHK's core. It got drilled.
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