Looks like there may be some new leasing in southern Union. The company leasing is named Robinhood exploration. They are most likely the leasing agent and another company will do the drilling. The target is most likely the cotton valley as this same agent is trying to lease other large tracts of land around Ruston. The going rate in Lincoln and Jackson Parish is $500/acre with 25% royalty.
http://dnr.louisiana.gov/index.cfm?md=pagebuilder&tmp=home&...
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I was approached on selling lease in southern union parish for a $300/acre with 20% royalty. I ask for lease contract to read over and at this time I have not heard back from him. Been talking with this company since November of last year. He is also talking with neighbors. I know of no one who has signed at this time. If another company is interested in this area I would love for then to contact me.
The company was Grenadier Energy Part II. They wanted a Lease for 4 yrs with a renewal of 3 years. This was a Lease.
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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