Replies to This Discussion

Permalink Reply by Lisa Melder-Johnson on December 31, 2018 at 7:30

I have not heard anything myself. I am a private unleased land owner in the Melder area. Do you know what they offered per acre or % or what section this land owner is in?

• ▶ Reply

Permalink Reply by Dr. X on December 31, 2018 at 7:45

Lisa

Property is just west of FH. Landowner was offered $250p/a and 20% royalty. Also, and I'm sorry for not mentioning this earlier, but it would appear that ReliaTerre is initially trying to acquire an option to lease because the landowner mentioned that the landman referred to an agreement based on $25.00 per acre and that the subsequent mineral lease would be for the $250p/a.

• ▶ Reply

Permalink Reply by Lisa Melder-Johnson on December 31, 2018 at 8:54

So a surface lease amount of $25 per acre, plus mineral of $250 per acre with % royalty.   I know that Magnum Producing LP out of San Antonio drilled a prescribed well back in 8/2018 to extend a BLM lease holding LAES 059344X.   This was SN# 251222 in T1N/R2W section 6.  Only drilled to 8900'   Majority of land in this BLM unit was federal land but some of it was private land.   The well itself was drilled on private land on Boy Scout Rd.   This new leasing activity may be a result of some things learned during this drilling.   I myself am a unleased landowner in a BLM unit too.

• ▶ Reply

Permalink Reply by Lisa Melder-Johnson on December 31, 2018 at 9:31

Also D&D Drilling out of Ferriday, LA did that well.

• ▶ Reply

Permalink Reply by Spring Branch,mineral owner on December 31, 2018 at 10:01

Who would want to tie up acreage for a $25 an acre option?  Not me!

• ▶ Reply

Permalink Reply by Lisa Melder-Johnson on December 31, 2018 at 10:29

Me neither

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on December 31, 2018 at 13:41

An option to lease is typically utilized by a speculator, not an operating company.  Kirk Barrell/Amelia Resources has used the option to lease approach to tie up a good bit of central Louisiana acreage prospective for the AC play.

• ▶ Reply

Permalink Reply by Lisa Melder-Johnson on December 31, 2018 at 14:17

So basically Skip they are a for profit broker?   Lease up low & resale high.   At least it is good to have interest in the area.   I have not seen much from Amelia Resources lately, they are quite.

• ▶ Reply

Permalink Reply by Lisa Melder-Johnson on January 24, 2019 at 17:03

Has anything new happen in this area that you know of?

• ▶ Reply

Permalink Reply by Dr. X on January 25, 2019 at 2:37

Nope, not a peep. Will let you know if I do.

• ▶ Reply

Permalink Reply by Lisa Melder-Johnson on January 26, 2019 at 15:42

Thanks Jay!   I believe the Rig sign was still there as of last night.

• ▶ Reply

Permalink Reply by Lisa Melder-Johnson on January 26, 2019 at 15:40

Thanks Dr. X!   Will also let you know if anything on my end

• ▶ Reply

• ‹ Previous
• 1
• 2
• Next ›
• Page