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Permalink Reply by Shellie Waites on June 22, 2015 at 9:05

I am expecting paperwork in the mail this week.   Will advise upon receipt.

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Permalink Reply by Bill R on June 22, 2015 at 13:30

Started getting several interest in leasing again lately, but won't talk to them as they are not the normal ones we have been leasing to or through for years.  Also getting lot of offers to buy our lease rights or just buy out our Royalties on existing wells.... has anyone heard of Forestar, Etoco or Patriot Energy?

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Permalink Reply by Two Dogs, Pirate on June 22, 2015 at 15:07

Forestar owns minerals on some of the pretty somewhat large timber companies property in Beauregard and other surrounding parishes in Louisiana. I have also seen Etoco but will have to look into it to see the location.

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Permalink Reply by Shellie Waites on June 24, 2015 at 11:53

Received lease offer in mail from Petro-Land Group, Tyler, TX. Anyone familiar with this company?

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Permalink Reply by Skip Peel - Mineral Consultant on June 29, 2015 at 3:49

Petro-Land, and other "land" companies are contractors that work for whatever client chooses to engage their services.  No land company stays in business long taking business only from a select group of clients.  They take work from anyone who will meet their minimum requirements and don't care to go long stretches of time without work (they have to let go too many valued employees).  Therefore it is a mistake to assume too much from whomever a land company represented in the past.  Petro-Land has been all over E TX leasing for numerous companies over the last 7 years.

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Permalink Reply by jffree1 on July 3, 2015 at 16:18

TD, Forestar is what remains of the Temple empire. They broke up the company (voluntarily) around 2005 (because Carl Icahn was about to raid them and do it himself) and the land and minerals division became Forestar, the finance division (Guaranty Banks) became a stand alone entity and the Wood Products Division stayed under the Temple-Inland brand... for a little while. They eventually sold WPD to GP and some of the land in Texas, that I know of for certain, went to Campbell Group, and Guaranty collapsed. They may have done some land/timber deals with IP and GP both. I think IP got the box plants and paper mills but weren't keen on the WPD. I can imagine old T.L.L.Temple doing backflips at what became of his empire. Anyhow, now it appears that Forestar may be trying to fashion themselves as an energy producer these days although I couldn't say whether or not they have hired any (enough?) expertise.

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Permalink Reply by Timothy N Williams on June 29, 2015 at 10:20

Petro-Land Group is leasing for Anadarko Petroleum. Guarantee it. 3/2 @ $250.00 acre and 1/5th would be a good asking price.

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Permalink Reply by Shellie Waites on June 29, 2015 at 10:57

Got the 3/2 and 1/5 royalty. Did not get $250 per net mineral acre.

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Permalink Reply by Timothy N Williams on July 2, 2015 at 5:40

It was a suggestion Jay. I don't think she would get anything more than a 1/5th here. All negotiations have give and take. The suggestion I provided is a good one for her and has been established in the area.

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Permalink Reply by William Howard Pritchartt on June 30, 2015 at 21:30

What is the target formation is Anadarko's prospect?

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Permalink Reply by Shellie Waites on July 1, 2015 at 6:24

called landman back yesterday and he said that budget cuts forced a 40% layoff for the company.   Not sure if this is going forward.

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Permalink Reply by Timothy N Williams on July 2, 2015 at 5:41

Too bad. They have been working there for quite some time. Hopefully it comes through for you.

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