I own a % of the mineral rights of a property in Desoto Parish. We have received a recent lease offer but the bonus seems a little low. I realize it is no longer 2008 and the days of the $20,000+ per acre are long gone, but what is realistic at the moment?
I know for a fact $10,000 an ac. was pd. in Grand Cane area last wk of Jan. 2010 on a small tract. Also, some of the major gas companies are doing leases on 50% minerals owned. I have friends who have an offer on table for $3000 an ac. for their 50% mineral ownership
Thanks for the replies. For what it is worth, it is a 200 acre tract in the northern part of section 4 T12, R16. We have leased this land numerous times over the years and the current lease is about to expire. The offer was $750/acre and 20%. Sounded low to me.
Comstock just reported a really good well in 15-12-16. It is #239849 on sonris. No matter what, you should demand 25% royalties -- don't settle for less. You are likely also sitting on top of the Mid-Bossier Shale. Go read the Petrohawk presentation that is on the main board on this site, and you'll see that. As I said, I know of others who have, in the last month, gotten at least $10k/acre for tracts of this size. Good luck.
Jay we recently bought a small acreage in Sec. 21 of 14/15 Desoto with unleased minerals. Highest offer has been $6000 an ac. Our friends with 5 ac. in Grand Cane just got $10000 an ac. from someone other than operator of the well. Your opinion. We turned down the offer and are waiting for a well to be drilled. We said our minimum would be $10000 an ac. as from the Petrohawk maps, both Haynesville and Bossier are in this area
I am holding out on a few small lots and Skip did give me alot of great info. My question now is about the pre-appl. hearing notices that we all receive when they are applying for a new unit. (i think). There is always a paragraph in there about the co. wanting to 'force pool all the smaller, unleased...' Will I be offered again, before they force pool my small lots?
All mineral owners in the section, whether leased or unleased, large or small, are forced into the pool to form the unit. That's standard. You may lease at any time -- before or after drilling begins.
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