I was contacted this week about leasing property in the W. White survey off FM705. The initial offer is $400 p/acre bonus w/ 20% royalty. I politely countered with something more acceptable to me (if bonus is lowball, royalty will have to dramatically increase). I am not familiar with the company offering the lease. Another company (Red Hat) inquired about my A. Spear survey properties this week & an offer is forthcoming. Who else is getting contacted & what are reasonable expectations in the current market? In 2008, there was a wave of lowball offers before the big boys came though. Could this be a similar situation?
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Permalink Reply by Hicksbaugh Ltd. on Could you be a little more specific about where your interests are located. County and Abstract Nos. help. The gas market, overall, is still pretty depressed.
RHB is correct. San Augustine County, TX.
W. White Abstract 308
A. Spear Abstract 43
I thought I posted in SA County Group, sorry.
No, the landman was out of Dallas & stated they are the only active company in SA County. I was driving & didn't write down the info. He said they were putting together a pool to drill south of Hwy 103 off FM705. My land is north of HWY 103 & would be in northern end of pool.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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