My father always said "never sell your mineral rights". I've held onto them through some very lean times when extra cash would have been handy. I had offers, but I remembered my dad's words. Then, decades later, along came the Haynesville Shale and my late father looked like a very wise man.

However, I have recently sold my mineral acres in the Haynesville - and I think Dad would approve. The truth is that our life circumstances change and it's always good to re-evaluate things. I am getting older, my health is only fair and I'm looking towards a lot more expenses. I live almost 2,000 miles away and my heirs have little knowledge of oil and gas beyond how to put fuel in their cars! Our land has one producing well, but it's unknown when it/if another will be drilled.

I joined GHS shortly after signing a lease in 2008. GHS is unique in bringing together everyone involved in minerals - the landowner, mineral rights owner and people who work in the industry. You seldom see bad information on GHS - there are too many experts and they love to debate among each other. My deepest thanks to Keith and everyone on GHS.

When I decided to sell my mineral rights I turned to Skip Peel, an "independent land man". Over the years I have been impressed with how helpful he has been to GHS members and how knowledgeable about the industry he is. Other members of my family were able to pool their acres with mine and Skip made a nice, tidy package to show investors. Being independent meant that he could shop our acres around to any company or group of investors. He's been in this business a long time and he knows it well.

Skip spent a lot of time helping us understand the offer and the sales process. The details in these mineral agreements are important. He found a few acres of mine that I never noticed were missing because of an paperwork error! Skip also visited with an elderly member of my family several times to help her understand the deal. She means a lot to me and there are few people I would trust with that assignment. Skip was able to get us a very good price on our mineral rights. It's too bad my father is gone, he would have liked working with Skip.

I've learned a great deal on GHS and I plan to stay on board here. I'm still Hopeful About Natural Gas as a bridge fuel to renewables ... also, one thing I've learned is to double check what the letters spell in your screen name!

HANG

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Just my opinion, but I think people are getting way ahead of their skis on the issue of the demise of minerals and the ICE switch to electric.  Yes I am in the car business and have been the beneficiary of the oil industry in various ways all my life.  I just can't see parking their ICE vehicles and overnight switching to electric cars.  What about all the millions who have just had the opportunity to own a car period in less developed countries.  What always amuses me is people think the electricity comes out of thin air and does not have to be generated by some fuel source.

       My Daddy who was a very wise man used the business philosophy, "take some and leave some."  I think that applies to my feelings about selling mineral rights.  The old saying ,"one bird in the hand is worth two in the bush" applies also.

   Always enjoy Skip's comments and advice as they are the product of knowledge and experience which based on my limited experience are always helpful in some way.  Keep it coming!

Thanks, John.  My opinion of renewables and EVs replacing ICE vehicles is based on my news feed which brings me articles on a number of selected topics.  You will not see the local or national news media cover in detail the innovation and evolution in photovoltaic cells and battery storage.  You might get a little more coverage of EVs. Everyday there is news of a new process or a new technology being deployed in the real world.  The most recent EV news that is good news for those who own one is the deployment of the Tesla V3 super chargers.  A lot of people put range anxiety at the top of their list of EV concerns.  A V3 charger will provide 75 miles of added range on a five minute charge.  ~150 in ten.  The Tesla pick up truck when it comes out will have better torque than an ICE pick up and thus a much greater towing capacity.  All ICE vehicles are more reliable and less expensive to maintain.  Less moving parts mean greater usable life span.  Although third world countries may struggle with generating increased supplies of electricity that won't be a problem in the US or in most developed countries.

Wow, unexpected reply Skip.  It was announced in our sales meeting that Ford is developing an all electric pickup that will be available in the near future.  Once again I think that there other variables that are "swept under the rug" concerning electric vehicles.  Used up lithium ion battery disposal could be an ecological problem and especially when the amounts become large.  China using coal to generate electricity negates the pollution saving advantages.  It seems they are waking up to the advantages of natural gas if the tariff nonsense doesn't screw that up too like soybeans which caused a substantial hit on our crop and we were lucky it wasn't worse than that like others.  I always tell people we were supposed to be using flying cars in the 70's.

    More importantly I was hoping to hear about the permit re-issue for Avoyelles if you had any info.  Looks like there has been some positive press about the price of oil  which can only help prospects for our Austin Chalk.

John, you may be relieved to hear that when the lithium-ion batteries are no longer capable of functioning for EVs, they are retrofitted for use as home storage batteries.  Ford is not the only manufacturer going electric, they all are.  Some European countries will no longer allow sales of ICE vehicles after 2022.  And that's all vehicles not just passenger cars.  I sat in traffic in downtown Shreveport a few days ago behind a big beautiful Mercedes van, it was electric.  I was passed by a city bus - cng.  I pulled up at my destination and the UPS truck in front of me was cng.  The switch away from ICE is happening now.  And the pace is accelerating.

I'm headed out the door.  Remind me later and I will look at the permit.

Okay thanks.  I just think CNG is a great solution for the immediate future.  What are they using instead? Did you know that the lithium-ion battery was invented by a fellow Longhorn?

CNG is quite good where supply is cheap but only for "route" vehicles.  The UPS truck being a good example but also city buses and garbage trucks.  The limiting factor for CNG is two fold:  it must be stored in a cylinder owing to the pressure required.  It takes up too much room in a car trunk and a good bit of a pick up bed.  The other challenge is fueling infrastructure.  If a vehicle does not return to a central facility each day it is impractical to set up CNG for long haul purposes.  Electric is available everywhere there is an existing gas/diesel fueling facility.  Adding chargers is much simpler and cost effective.  Also, because charging an EV takes a little more time than filling a tank with gas, retailers like it very much.  People stop and eat.  They shop.  Think Buc-ee's.

Buc-ee's
Convenience store company
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