7/8/08 Petro Hawk offered landowners around the Bistineau Lake Dam $10,000.00 per acre Bonus for 3 yrs. $10,000.00 per acre for 2yr. Or a straight 5 year lease for $15,000.00 per acre. Chesapeake also now interested in this area, and was offering $12,000.00 per acre. This area is not far from Petor Hawk's new test well which is 3 mi south of the corner or Hwy 157 and Hwy 527, on Hwy 157.
At this time I do not think it is on the Bienville side. Here is the name of the landman from Acadian Land Services - Richard Bond - 861-0466 - Representing Petro Hawk Energy, who held the meeting. Anyone intersted can give him a call. Be sure to have your land description ready to give to him.
It is also on the Bienville side, however the pricing has always been different due to its distance from the Bossier production. I work with Richie at Acadian and manage the other side of the lake. Please consult my profile for contact info, or you can always call the number listed above in "Cross Creek's" post.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More