PETROHAWK OUT BIDS PETROHAWK FOR BOSSIER MINERAL TRACT

The May State Mineral Auction included a bid tract with two bids from Petrohawk. The winning bid was for the 25% royalty.

42663 BOSSIER Sections 31, 32, 6 T16N, T17N R12W 573.348 Acres PETROHAWK PROPERTIES, LP $900.00 Per Acre 23% Royalty

42663 BOSSIER Sections 31, 32, 6 T16N, T17N R12W 573.348 Acres PETROHAWK PROPERTIES, LP $750.00 Per Acre 25% Royalty

Jay, J B Land nominated the tract for the LSU Board of Supervisors. The Board didn't embarrass themselves, they took the quarter royalty.

Oil & Gas ProPermalink Reply by The_Baron on May 10, 2012 at 4:58

The board almost always favors royalty over bonus, even more so in a proven area.

Oil & Gas ProPermalink Reply by dbob on May 9, 2012 at 9:32

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