Leased in 2006, expired. Recieved proposal from Pine belt. Land in Claiborne Parish. What other activity is in this area? Thankyou our land has been our family for many years.

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our thoughts are appreciated, thanks again. As all first time participants in this process we need to listent and be patient.
Electro---I agree why tie your minerals up for 8 years for small bonus money up front and only 20% royalty. Who knows what the next few years will bring to area. IMO your money is in the ground and can only get out by drilling it; therefore I would only sign with a operator who has the money and expertise to drill a deep horizontial well. IMO only 3 year lease with all the good clauses discussed on this site without optional of extension. Why give the Lessee the option to extent it should be your option if they can not drill within 3 years and want to top lease to extent it which is like new lease that you can negotiate because there may be others who want to lease your minerals if area gets hot. If operator sees no good chance for any activity in next 4-8 years then I would tell the landsman your minerals will still be here and come back when drilling is planned for the market maybe more favorable for mineral owner at that time. Ok you may leave small bonus money on table for few years.
Jt Green---I don't think you finished your quote below---"he who has himself as attorney--- has both a fool as his attorney and a fool as his client" I think that is want you wanted to say. I agree will all you said also and yes my statement was mean to made your point.
"Tying up your property for an inordinate amount of time while the market is in play simply doesn't make economic sense" ~~ JTGreen


It all depends.

What if the Brown dense is a bust? To date there is no real production. there are two wells a hundred miles apart and no production. ITs all a gamble. If it pans out, sure there could be better terms available. But if it doesn't, this could be your one chance to lease. I happen to know of a lot of mineral owners on the fringe of the HA that wish they leased when they had the chance and are now in the non-commercial areas or outside the established field.
The_Baron--- that the risk you take. Yes you could leave few dollars of bonus on the table and each mineral owner should do their research and make their on decision. I would wait but if mineral owner wanted to lease after doing his home work then INHIBTTIB maybe what he wants to do. The key is to be informed of the play and don't get screwed like alot of us did when the landsmen knew about the HS and offered low bonus and poor leases.
"When a leasing company tries to tie land up for that long, the main reason is they are hoping to obtain as much property as possible in an area of interest and then hang onto it to flip at a higher rate later."


Not nessarily. Could be whomever pinebelt is leasing for learned the biggest lesson of the HA shale. i.e. Get long lease terms so drilling and production can occur when prices are good. There are a lot of wells being drilled in the HA right noew that are not economic at >$4 gas. Why?, because leases are about to expire, or must be renewed at outrageous rates.
I would just point out that Pinebelt is already offering 20% royalty in Claiborne Parish and $300/acre for 3/3/1 years, and I have leased some land to them under these terms. I wouldn't presume to tell anyone else what to do, but my rationale in leasing was that the 20% royalty is within striking distance of the top percentage being paid for proven plays, and the Brown Dense is so far unproven. As someone has pointed out, though, it is a crapshoot and reasonable people can disagree about whether to lease now or wait and get much more, or perhaps nothing.
Thank you for your resppone to my "lease proposal" post. Our land is located, best I can determine, near yours. Pine Belt offered $300 at 20% for 4 years. Still being patient while considering proposal. Reading everything I can. Thanks again.
Our location is section 14 and 23, T23m R6. Being so far away makes it difficult to figure out where they have leased, are leasing, and drilling. I am continuing the dialogue as their representative seems very forthright.
tony allen-- the chalybeat springs unit of 6150 acres you talk about below--you said it was handed to Enerquest. Is this the small independent o&g company with offices in Plano,Tx. So are they JV with Petroquest or did they purchase it from Petroquest? Enerquest drills primary vertical Travis Peak wells and doesnot have the money or expertise to drill horizontal wells. How did they get part of the unit? In general when you fight in court the judge will only give them 6 months or so to drill another well to develop the lease holdings
Actually Electro,

The w-b well in section 12 of the same township lists the productive zone as smackover @9100'-9142'

This was one of the first supposed Brown Dense Wells.
Tony,

Are you watching the Weiser-Brown well in Union parish too?

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