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Permalink Reply by Big Red on September 20, 2008 at 11:32

Yeah I guess it is kind of a vague question. Okay, how about has anybody been to this subdivision lately? I don't even know if this area is populated, but I think it might have a few folks living there. A landman called less than a year ago and wanted to lease these two lots. She did not do it though.

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Permalink Reply by HBP on September 21, 2008 at 3:41

I think this is 10-16-10. Lots of gas storage in surrounding areas and some large tract Government leases. The area (not the section specifically) was fairly active in summer leasing. I understand the sub division itself is chopped up into many small lots, therefore the big guys probably did not focus their time there during the trend buy.

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Permalink Reply by HBP on September 21, 2008 at 4:39

Possibly, but the way I understand it, that particular per acre bonus was only for 100% of a particular Section to sign (among other negotiated contingencies). I also understand it to have been set and negotiated in early July - not recently. Just adding perspecitive.

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Permalink Reply by HBP on September 21, 2008 at 5:16

"Heard of one or two recently".

I believe there maybe leases executed recently but I don't think the original offer/acceptance which they are acting on could be considered recent.

However I am not up on the Alabama Bend deal, What are you hearing?

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Permalink Reply by HBP on September 21, 2008 at 5:24

The only big deal near the old Alabama Bend field I would guess is the Dickson tracts? But the Big players have been "hunting" for a lease on that for a while. The Dicksons would just prefer to hunt.

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Permalink Reply by Les Bamburg on September 21, 2008 at 4:07

Big Red, in case you are interested Gulf South Pipeline owns the Bistineau Gas Storage facility. By the way Lake Bistineau is a great place to go water skiing.

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Permalink Reply by Big Red on September 21, 2008 at 14:05

Wow, now this is some great info! Thanks to all who replied. I knew I could count on you guys to help me. It looks like the property is in SEC10 T16N R10W. According to the earth photo it does look like there is a subdivision with a few people in it. Not every lot is popuated. The landman I talked to said it is out in the boonies and full of squatters. Not exactly sure what squatters mean in these terms but maybe someone can clue me in. I am looking at the paperwork for these lots and it looks like back in the olden days they were leased for gas storage by a O & G co. I will do some more research so I can relay the information to the owner.

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