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Permalink Reply by BLZBub on September 5, 2008 at 6:15

Going rate has been $4 to 5000/acre bonus with 25% royalties.

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Permalink Reply by Ringgold Redskin on September 5, 2008 at 8:55

Lease the CV for 5000 acre and reserve the Haynesville until they complete the Wigging #1
in 36 15N 10W. I am not in the Woodville area but know of 15500 and a higher offer closer to Ringgold.

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Permalink Reply by true hunter on September 5, 2008 at 14:24

Thank you for all of your replies and wealth of knowledge!
The offer is low-$2000 and acre and 25% royalty. It is for the cotton valley.
The o&g company says in its letter that if we choose not to participate in the risk
and expense of the unit well then we must pay 200% of the cost of the well.
The last sentence says that to avoid this 200% cost, we may lease with them.They are drilling per this letter in October. They can drill and make us
pay 200%, right? Looks like we have to lease on their terms or else!
This does not seem right! Thank you for any information.....

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