landowner

East Feliciana Parrish

Land man called tonight with offer. $150/acre for 10acres. 3yrs with 2 yr. renewal. Told him to send paper work and would have lawyer look at it.

Any thoughts??


Will update here as this progresses.

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1kw6x71km1v37Permalink Reply by 1kw6x71km1v37 on December 2, 2013 at 16:06

CHK reportedly had an average of $400/acre total leasehold acquisition costs in the Utica Shale.


landownerPermalink Reply by Thomas Maglone on December 3, 2013 at 2:37

Steve, You may want to talk with Leslie Ligon, He deals with a lot of leases for the large land owners in that area. You my friend, should be in the hot spot, They are drilling right on top of you, The Hurst property is very close to you and right across the Amite River also.


landownerPermalink Reply by Joe Aldridge on December 3, 2013 at 3:40

Thomas,

Is that the Hurst property that some company drilled a Tuscaloosa vertical well on (Not TMS) a year or so ago? I think I remember something about that. Was not sure about the outcome of that well; did not follow it that closely. 


landownerPermalink Reply by Thomas Maglone on December 3, 2013 at 4:52

I think the well is still pumping. there are several well's in that area, and across the river in St. Helena Parish, Along the Amite River.

Permalink Reply by Andrew Martin on December 3, 2013 at 6:37

I'd second the recommendation of Leslie Ligon. He knows the area well and should have a pretty good understanding of what's going on. 

Edit: I'd also add that Skip's advice throughout this thread is 100% on-point. 

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