Anyone know Aethon's lease terms for Ashland Field 13N 7W 18 and 19
Aethon has proposed three HA cross unit laterals for 13N 7W 18 and 19 in the Ashland Field in Natchitoches Parish.
The state hearing date is June 8th.
Does anyone know what lease terms Aethon has been offering to landowners or what the lease terms were which the earlier operators had offered and which Aethon bought out?
Anyone want to offer advice on a bonus amount per acre and the going royalty rate for un-leased land in sections 18 and 19.
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Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant on -
Jesse, suggest that you also post this discussion in the Natchitoches Parish group. When you do all the group members will get a notice email alerting them to the new discussion.
https://gohaynesvilleshale.com/group/natchitochesparishnetwork
For those with modest mineral acres, the typical lease terms for the last few years in that part of the play has been $1000 and a one fifth royalty. I am familiar with a recent lease that was for $1500 and a 26% royalty. So for those that by acreage size, location and/or potential surface use have a strong negotiating position, something beyond the typical is a possibility.
I am also aware of some mineral owners who demanded more than the typical and were passed over and rendered a UMI. It pays to understand your negotiating leverage....or lack thereof.
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Permalink Reply by Jesse Joyner on
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Thanks, Skip. I tried to post on the Natch. P group. But it popped up on the main page. Maybe Keith can do a fix on the NP group page, which would then allow a member of that group to post discussions.
I very much appreciate the pricing intel. It's a big help. We're all in your debt, Skip.
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Permalink Reply by Skip Peel - Mineral Consultant on
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I just posted your discussion in the Natchitoches Group. It seems to be working okay. Suggest you go to the group and "Follow" the discussion so you will get notices for any replies. Good luck.
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Thank you, Skip. Glad you could do that. Makes it easy on me. Take care.
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And I'll delete this main-page post in a few days. Give it some time to see if anyone wants to add their two cents.
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Permalink Reply by Skip Peel - Mineral Consultant on
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If you like. I think it is worth posting in both places. That kinda covers all the bases particularly when a subject or question is somewhat time sensitive.
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Okay. I'll take your advice and not delete it. Me, I was quite surprised that Aethon was so aggressive (i.e., 3 CUL) in this step-out. That billion-dollar company doesn't play around. I hope they know what they're doing and proceed with their plans. Ashland could us a shot in the arm (ahem).
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Permalink Reply by Skip Peel - Mineral Consultant on
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Ashland mineral interests deserve another bite at the apple. The play has matured as have the ability of the operators to drill and complete better wells. A number of once peripheral portions of the fairway have been rendered economic in the last couple of years by way of current version well designs.
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Anyone know how the June 8th DNR hearing went on these 3 CULs? Doesn't the state pretty much just rubber-stamp these types of drilling proposals?
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Permalink Reply by Skip Peel - Mineral Consultant on
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Rejections are extremely rare and I have not seen one in years. So, yes, basically a rubber stamp. In the early HA land rush there were some applications rejected but only when there was a dispute between two operating companies both holding leases in the same section. Both wanted to be approved as the unit operator. The approved application will result in a Field Order that will be entered in the SONRIS database. That can take a week or two to show up.
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Thanks, Skip. As best as I can tell, the family acreage in an undivided larger tract of land and the associated minerals that are owned by my relatives is not under lease. They're still waiting to hear from an Aethon landman.
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Permalink Reply by Skip Peel - Mineral Consultant on
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SERIAL WELL NAME WELL NUM ORG ID FIELD PARISH PROD TYPE SEC TWN RGE EFFECTIVE DATE API NUM 252834 HA RA SUE;LA MINERALS 18-19 HC 001 A1760 0131 35 00 018 13N 07W 06/14/2021 17069205000000 PRMT DATE SPUD DATE STAT DATE ST CD 06/14/2021 06/14/2021 01 WELL SURFACE COORDINATES
Surface Longitude Surface Latitude Lambert X Lambert Y Ground Elevation Zone Datum 93-7-22.98 32-7-4.01 1807104 528394 151.4 N NAD-27 WELL SURFACE COORDINATES GENERATED BY DNR
UTMX 83 UTMY 83 LONGITUDE 83 LATITUDE 83 488376.67038263 3553515.06900844 -93.12322072 32.11794441 View GIS BOTTOM HOLE COORD
EFFECTIVE DATE END DATE PLUGBACK TOTAL DEPTH TRUE VERTICAL DEPTH MEASURED DEPTH LAT DEG LAT MIN LAT SEC LONG DEG LONG MIN LONG SEC COORDINATE SOURCE LAMBERT X LAMBERT Y ZONE COORDINATE SYSTEM 06/14/2021 13297 21172 32 5 26.48 93 7 26.9 02 1806710 518541 N 01 WELL HISTORY
SERIAL WELL NAME WELL NUM ORG ID FIELD ST CD PT WELL CLASS EFF DATE END DATE STAT DATE 252834 HA RA SUE;LA MINERALS 18-19 HC 001 A1760 0131 01 00 06/14/2021 06/14/2021 SCOUT INFO
REPORT DATE WELL STATUS MEASURED DEPTH TRUE VERT DEPTH DETAIL 06/14/2021 01 21172 400' FNL & 1769' FEL OF SEC 18-T13N-R7W. PBHL:330' FSL & 2130' FEL OF SEC 19-T13N-R7W. https://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%...
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