Estimating Value of DeSoto Mineral Rights Based On Purchase Offer - GoHaynesvilleShale.com2024-03-29T05:55:53Zhttps://gohaynesvilleshale.com/forum/topics/estimating-value-of-desoto-mineral-rights-based-on-purchase-offer?commentId=2117179%3AComment%3A4033393&xg_source=activity&feed=yes&xn_auth=noYou will see the serial numbe…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40335052022-09-23T17:57:48.434ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>You will see the serial number when the permit appears in your SONRIS search.</p>
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<p>You will see the serial number when the permit appears in your SONRIS search.</p>
<p></p> Thank you!
To your last sente…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40333482022-09-23T17:55:07.358ZJimmy Hamiterhttps://gohaynesvilleshale.com/profile/JimmyHamiter
<p>Thank you!</p>
<p>To your last sentence, so if a well has been permitted it has a serial number, I'm guessing.</p>
<p>Thank you!</p>
<p>To your last sentence, so if a well has been permitted it has a serial number, I'm guessing.</p> Lease numbers are assigned by…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40335672022-09-23T17:48:55.250ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Lease numbers are assigned by an operator for their internal use. The state doesn't use them so they are not on SONRIS. To find the survey for a specific unit, you go to the Document part of SONRIS and click on Surveys. You'll need the four digit field code and the unit designation. Yes, to permitted wells by date/parish. You can do that once a week by inputting the appropriate dates. It takes maybe three minutes and will give you advance notice of new wells in the pipeline. You can…</p>
<p>Lease numbers are assigned by an operator for their internal use. The state doesn't use them so they are not on SONRIS. To find the survey for a specific unit, you go to the Document part of SONRIS and click on Surveys. You'll need the four digit field code and the unit designation. Yes, to permitted wells by date/parish. You can do that once a week by inputting the appropriate dates. It takes maybe three minutes and will give you advance notice of new wells in the pipeline. You can also click on the serial number in the SONRIS well file to view the actual permit to see if it is good for six months or twelve.</p>
<p></p> Thanks again! I've been on So…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40334012022-09-23T17:42:54.884ZJimmy Hamiterhttps://gohaynesvilleshale.com/profile/JimmyHamiter
<p>Thanks again! I've been on Sonris a lot, but unsure of my level of knowledge.</p>
<p>To check for well permits you search "permitted wells by date/parish" correct?</p>
<p>Another couple of questions: (1) Where can I find the lease number for a particular well? (2) How did you access that plat showing specific owner tracts you attached yesterday?</p>
<p>I appreciate it! </p>
<p>Thanks again! I've been on Sonris a lot, but unsure of my level of knowledge.</p>
<p>To check for well permits you search "permitted wells by date/parish" correct?</p>
<p>Another couple of questions: (1) Where can I find the lease number for a particular well? (2) How did you access that plat showing specific owner tracts you attached yesterday?</p>
<p>I appreciate it! </p> Hi Skip , I sent you message…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40334002022-09-23T17:18:19.517ZRick Hiltonhttps://gohaynesvilleshale.com/profile/RickHilton
<p>Hi Skip , I sent you message on your consultation services. </p>
<p>Hi Skip , I sent you message on your consultation services. </p> Comstock is sitting on a Fiel…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40333992022-09-23T17:07:48.267ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Comstock is sitting on a Field Order for five wells that include Section 32. The company has taken out a series of well permits, basically one a year going back 8 or 9 years, yet never drilled a Haynesville well. There is shallow production holding old leases like yours for 18.17%. Comstock can wait to drill one or more of those five wells but you'll only know it if you learn to use SONRIS and check once a week for well permits. I have know idea why Comstock has taken those permits and…</p>
<p>Comstock is sitting on a Field Order for five wells that include Section 32. The company has taken out a series of well permits, basically one a year going back 8 or 9 years, yet never drilled a Haynesville well. There is shallow production holding old leases like yours for 18.17%. Comstock can wait to drill one or more of those five wells but you'll only know it if you learn to use SONRIS and check once a week for well permits. I have know idea why Comstock has taken those permits and never drilled a Haynesville well. That is unusual but Comstock has done the same in a couple of other sections in that area.</p>
<p></p> My offer was in the same neig…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40333472022-09-23T16:57:58.440ZJimmy Hamiterhttps://gohaynesvilleshale.com/profile/JimmyHamiter
<p>My offer was in the same neighborhood as was my sisters. Perhaps there's some future production planned then. </p>
<p>My offer was in the same neighborhood as was my sisters. Perhaps there's some future production planned then. </p> Rick, buyers aren't necessari…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40335662022-09-23T16:56:22.589ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Rick, buyers aren't necessarily interested in your current royalty income. They are making assumptions based on facts. How many well slots are undrilled in your unit? Do you have proven reserves for both the Haynesville and the Bossier? How low is current production volume in your unit? How active is your operator in the area of your minerals? How many rigs is your operator running in the Haynesville? What does the forward futures price strip look like for the next 12 to 24…</p>
<p>Rick, buyers aren't necessarily interested in your current royalty income. They are making assumptions based on facts. How many well slots are undrilled in your unit? Do you have proven reserves for both the Haynesville and the Bossier? How low is current production volume in your unit? How active is your operator in the area of your minerals? How many rigs is your operator running in the Haynesville? What does the forward futures price strip look like for the next 12 to 24 months?</p>
<p>Some mineral buyers may still be using the old ploy of making an offer based on your current month's net royalty income times a multiplier. That might be something like 60 months which was kind of standard for years prior to and in the beginning of the Haynesville Shale explosion. Unconventional reservoirs like the Haynesville are not like the old method of wildcatting or developing conventional reservoirs. Basically there is not such thing as a dry hole. Mechanical problems do happen in drilling or completing a well but that is pretty rare. Developing Haynesville reserves is said to be more like manufacturing. Those future wells are basically guaranteed to be drilled and well designs get better over time becoming more productive.</p>
<p></p> Jimmy , Not the same , like S…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40333982022-09-23T16:47:50.532ZRick Hiltonhttps://gohaynesvilleshale.com/profile/RickHilton
<p>Jimmy , Not the same , like Skip said there must be dozens, mine was Rushmore, I was 6 figures which was way higher than others. I figure they know what the future holds better than me but what is weird is my last royalty check was down about 80% from what others have been the past year. </p>
<p>Jimmy , Not the same , like Skip said there must be dozens, mine was Rushmore, I was 6 figures which was way higher than others. I figure they know what the future holds better than me but what is weird is my last royalty check was down about 80% from what others have been the past year. </p> Mineral buyers find you throu…tag:gohaynesvilleshale.com,2022-09-23:2117179:Comment:40335652022-09-23T16:47:03.070ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Mineral buyers find you through the public record usually an O&G lease. The DeSoto clerk of court website offers remote access. You pay something like $20 for a 24 hour subscription and you can make a copy of your mother's lease. You can also look through all the conveyance records in her name to see if there is any other instrument that you should have in your file.</p>
<p>The SONRIS website is the way mineral buyers know when an application for alternate unit wells covers a given…</p>
<p>Mineral buyers find you through the public record usually an O&G lease. The DeSoto clerk of court website offers remote access. You pay something like $20 for a 24 hour subscription and you can make a copy of your mother's lease. You can also look through all the conveyance records in her name to see if there is any other instrument that you should have in your file.</p>
<p>The SONRIS website is the way mineral buyers know when an application for alternate unit wells covers a given section or sections. That is an initial step and requires a notice letter to be sent to all mineral and surface owners of record in the unit or units and to those immediately adjacent to a distance of 1000'. The Field Order is effective indefinitely so there is no way of knowing when the approved wells might be drilled. That is unless you are checking SONRIS on a regular basis to see when a permit to drill is issued for one or more of those approved well slots. There is no notice required for this step and if you don't live on the property, close by or have friends or family in the vicinity, you wouldn't know that wells are in the process of being drilled.</p>
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