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Permalink Reply by Skip Peel - Mineral Consultant on March 1, 2018 at 10:26

They are a "land company".  Land companies are independent contractors hired by companies that need to acquire land rights such as cell tower sites, rights-of-way, surface use agreements and mineral leases.  Acadian is out of Lafayette which is home to a number of land companies owing to the amount of O&G business done there.

I'm going to take it that you have received an offer to lease from Acadian.  Energy companies to not employ sufficient staff in their land departments to conduct large scale leasing efforts, so they hire one or more land companies.  This is standard operating procedure. 

Name	Type	City	Status
ACADIAN LAND SERVICES, L.L.C.	Limited Liability Company	LAFAYETTE	Active

Previous Names

Business:	ACADIAN LAND SERVICES, L.L.C.
Charter Number:	34996303K
Registration Date:	10/9/2000

Domicile Address
	101 W. FARREL RD.
	BLDG. 1
	LAFAYETTE, LA 70508

Mailing Address
	C/O ROBERT TODD FONTENOT
	101 W. FARREL RD., BLDG. 1
	LAFAYETTE, LA 70508

Status
Status:	Active
Annual Report Status:	In Good Standing
File Date:	10/9/2000
Last Report Filed:	9/11/2017
Type:	Limited Liability Company

Registered Agent(s)

Agent: ROBERT TODD FONTENOT Address 1: 101 W. FARREL RD. Address 2: BLDG. 1 City, State, Zip: LAFAYETTE, LA 70508 Appointment Date: 10/9/2000

Officer(s)

Additional Officers: No

Officer: ROBERT TODD FONTENOT Title: Manager, Member Address 1: 101 W. FARREL RD. Address 2: BLDG. 1 City, State, Zip: LAFAYETTE, LA 70508

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Permalink Reply by joevic on March 1, 2018 at 10:39

Thanks Skip,

So they are not speculators but a legitimate company trying to make a lease deal for someone wanting to drill?

Do you have any idea what a decent offer might be for Natchitoches Parish 9N 10W.

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Permalink Reply by Skip Peel - Mineral Consultant on March 1, 2018 at 10:41

The only offers in that vicinity that I have heard of recently came from Indigo Minerals.  What did Acadian offer?

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Permalink Reply by joevic on March 1, 2018 at 10:48

350/acre  18.75 royalty. Sounds real low.

We have acreage in Sabine with Indigo.

Do you know of a section in 9N 10W that Indigo has leased and price?

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Permalink Reply by Skip Peel - Mineral Consultant on March 1, 2018 at 10:55

That is low compared to the Indigo offers that I know of.  There is some Paluxy formation development in that general area and I would consider leasing shallow rights at those terms but not deep rights.  Acadian, and all land companies, work for clients.  Those clients may be companies that drill wells or may be companies that "invest" in leases.  This offer is so much lower than the offers I know, Acadian could be working for a company speculating in leases.  I don't know any specific sections but I have heard from land owners receiving offers south of Ajax in 10N - 10W to your immediate north.

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Permalink Reply by joevic on March 1, 2018 at 10:59

Good info. Thanks again.

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Permalink Reply by joevic on March 1, 2018 at 11:09

Back again Skip,

 

Do you have any idea what those offers were south of Ajax or any other offers from Indigo in that area?

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Permalink Reply by Skip Peel - Mineral Consultant on March 1, 2018 at 11:11

Yes, but I don't think it appropriate to post in an open discussion. 

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Permalink Reply by Thomas C. McKowen, IV on March 2, 2018 at 4:09

What section?  My wife has property in sec. 14.

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