Anybody know what’s going on in section 5-14n-16w

 

Views: 1713

Reply to This

Replies to This Discussion

Nothing that is obvious.  Why?

Todd, if you are getting offers to buy your minerals, join the club.  Many mineral owners are getting anywhere from a few to a boatload of unsolicited offers.  For those who would consider a sale, it's all in knowing what is a fair market valuation and what is not.  The details of a mineral interest matter - a lot.

Offer to lease 4-18n-14w.  Caddo Parish.  Not close by.

There are 2 horizontal wells in that section. Is the company making you a real offer? Have they told you a price-per-acre?

Cecil, since neither of those wells will produce from Section 5, they would have no relevance as to the value of Todd's minerals.  As indicated by the well names, these wells will be producing from Sections 8&17.  They are listed in Section 5 because the SONRIS database organizes wells by their surface location, not the producing sections. 

253080

HA RA SU98;ONEAL 8&17-14-16 HC

001-ALT

253081

HA RA SU98;ONEAL 8&17-14-16 HC

002-ALT

Cecil, As Skip referred to two horizontal wells those are not in section of offer I am referring to, although looking at a map they might be fairly close by near the southwest corner.  My offers have to do with proposal for combining units and forced pooling of those units 4 & 33 to the northeast.  But not wells Todd is referring to, although I am referring to surface location.

I've seen 1500 to 2200 in North Caddo Parish. Blanchard area.

J, do you have the corresponding royalty fractions that go with those bonus per acre amounts?  Both are needed to form an opinion of value.  I know of one recent lessor that got a $2k per acre bonus but they had to accept a three sixteenth royalty to get it.  I've heard from multiple lessors who got $1K and a one fifth royalty.

Yes, J , I'd like to know as well.  Is this part of the proposed combined units for USG wells or for wells already drilled?  Without poring over maps again, I don't know where Blanchard ends and North Shreveport begins or vice versa.

I was offered $1,500 per acre and 20% royalty in North Shreveport, Caddo Parish, next to Blanchard.  

Thanks, Andy.  That's pretty much USG's standard lease offer.  Depending on your particular situation, you may need an Exhibit A to the lease drafted or at least reviewed by an experienced O&G attorney.

Andy, we signed our leases about a year ago, started out with 2k per acre and 18.75%.  Attorney at my request lowered it to 1500 acre, 20% royalty, I was hoping small though it may be I would start receiving royalties soon.  Well no, also in N Shreveport very close to Pinehill Rd, don't think have even drilled yet, so....   Looks as if you may be grassroots shaler like me....

RSS

© 2023   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service