Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on June 17, 2011 at 4:01

a, I suggest that you post your question in the DeSoto Parish Group, here's a link:

http://www.gohaynesvilleshale.com/group/desotoparishnetwork

when you do so the members of that group will get an email alerting them to a new discussion post and they will see your question.  I would further suggest that you include your section.  If your section is under a unit order and you are one of the last to lease, you have a better negotiating position.  Bonus offers are always better where companies are ready to drill.  There really is no such thing as "the going rate".  Lease offers depend on specifics and those specifics vary from one section to the next.  Sometimes literally to one or more adjoining sections.

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Permalink Reply by Herman (Chuck) Plonnigs, III on June 18, 2011 at 3:59

Just a quick question…I have read posts that include the term “negotiate”. Is this market dynamic present in all the state except for NE Louisiana (Union Parish)?

 

I have been approached with a lease (that I have not signed for numerous reasons) and the term “negotiate” was a non-entity in any and all dialogue.

 

I’ve considered that possibly I just have bad Karma.

 

Just wondering.

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Permalink Reply by Skip Peel - Mineral Consultant on June 18, 2011 at 4:25

All lease agreements are negotiable to some extent.  It helps to know what other lessors in the same vicinity have received but that is just a start.  When I think of negotiating a lease my first priority is lease language.  Most landowners' priority is dollars.  Depending on the circumstance that can be short sighted and detrimental in the long term.  I usually decline to negotiate bonus until after an agreement has been reached on lease terms.  Yours is an impossible question to answer because it lacks details.

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Permalink Reply by Ezra on June 18, 2011 at 4:46

In which section(s) do you own property?

I've received an offer in section 14.

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Permalink Reply by a on June 18, 2011 at 5:05

I'd rather not give the section but it is in the the middle half. The offer was for $2000/acre.

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Permalink Reply by Herman (Chuck) Plonnigs, III on June 18, 2011 at 6:28

Thanks all,

 

I have land in 34 T22N R1W and 03 T21N R1W.

 

A few of my concerns dealt with the actual terms of the lease in that they want a 4 year primary with a 3 year option (their option).

 

They couldn’t tell me the depth or formation of interest.

 

A 20% royalty.

 

There is a bonus involved but my primary concerns were the above.

 

Thanks for your responses!

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Permalink Reply by Skip Peel - Mineral Consultant on June 18, 2011 at 6:45

Have you done a search of drilling activity in your townships?  I'd also suggest a trip to the courthouse to review leases filed in the last 12 months.

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Permalink Reply by olddog573 on June 18, 2011 at 12:54

Ask for 6

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Permalink Reply by Henry on June 18, 2011 at 8:29

a,

I sent you a friend request.  Would you please accept it, so I can email you?  Thanks.

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Permalink Reply by Herman (Chuck) Plonnigs, III on June 18, 2011 at 9:49

Henry

 

hplonnigs@suddenlink.net

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Permalink Reply by Shale Yeah! on June 22, 2011 at 4:25

My lease in sec 36 just expired with petrohawk with no option. Told they would not release unless they were operator of section. I am waiting for offers.40 acres and already a designated haynesville section. Good wells and shell all over south side in sabine parish

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