The link to Sonris doesn't work correctly, but if you go to Sonris Lite and then to "Lease Sale & Tract History" under the Minerals heading, you can navigate to the Mineral Lease Sales dated August 13.
Looks like the per acreage price in Caddo, Bossier, DeSoto, Bienville was mostly 18,500 and higher. It also looks like several tracts went for greater than 25% royalty.
This is a little difficult to understand at first glance. Maybe someone in the know can analyze it and interpret it for us laypeople!
OK, are these privately owned landowners, like us? or lands that the State has leased? And why isnt, like Chesapeake, Petrohawk, etc., listed.....I am probably too new to understand all this....But Thanks.
These are all publicly owned lands and the companies are usually land companies that are leasing for an O&G company. Last month, Theophilus represented Petrohawk, and Petrohawk actually wrote the checks for the leases.
OK, excuse me for being so ignorant, but I don't understand how they "bid" on private landowners land & why some have no bids, someone else told me these were only bids for state owned lands? Just trying to understand if the actual 8/13 date from Sonris Lite is for private landowners? Thanks for any help.
I was referring to the lands that were included in today's State Mineral Lease. There were 3 tracts in Caddo/DeSoto that were put up and were not even bid on. I believe that Mit is correct, that the lands could have had a minimum bid, or could have included a Favored Nations Clause, etc.
I was just checking to see if anyone knew what it was exactly.
It is common to have a starting bid amount. That amount is also announced before the bidding process begins. Don't know why these parcels did not receive a bid, but it probably has something to do with the starting bid amount.