Replies to This Discussion

Permalink Reply by skipcrawford on December 8, 2009 at 16:33

Our first royalty check was for $3.04 per unit for the month of July 2009. The next check we got was for $1.90 per unit. We've only received the two checks. I'm glad no one around here has quit their job looking forward to the big royalty checks. Our part of the farm is around 65 acres. I know a check is a check but we sure were hoping it would be better than this.

We know how the person feels about the $150 per acre in 2006. We got paid $100 per acre. The only difference between then and the time other people around us in 2008 were getting $16,000 to $22,000 per acre is that we now know what they knew in '06. Also, we (as a family) have around 400 acres. They got as many of the big land owners as they could in '06 because $100 an acre was BIG BUCKS for mineral leases. We have leased in the past for the amazing sum of $50 to $75 per acre.

• ▶ Reply

Permalink Reply by Cheerleader on December 8, 2009 at 19:50

skipcrawford,
Do you mind telling us what area was receiving $16,000 to $22,000 per acre??

• ▶ Reply

Permalink Reply by skipcrawford on December 9, 2009 at 2:55

I can say it's in DeSoto Parish and not recently. Over a year ago.

• ▶ Reply

Permalink Reply by Scott on December 9, 2009 at 3:29

Also in South Caddo Parish back in 2008.

• ▶ Reply

Permalink Reply by The_Baron on December 9, 2009 at 4:20

and in south bossier, longwood, greenwood........ but not anymore, the land rush is over.

• ▶ Reply

Permalink Reply by Larry T on December 9, 2009 at 7:16

we got 22,500 / acre in bienville (bistineau field) parish, last sept 08, some friends just got 6000 acre in zwolle / toledo bend last week.

lt

• ▶ Reply

Permalink Reply by RBH on December 9, 2009 at 8:09

I have heard that Petrohawk and Chasapeake in bidding war on acreage again in La. with offers and counter offers going up to $10,000/acrea again

• ▶ Reply

Permalink Reply by The_Baron on December 9, 2009 at 8:39

Do you know this, or have you just heard rumours?

• ▶ Reply

Permalink Reply by RBH on December 9, 2009 at 8:44

Heard it from an attorney working with several clients now with the competing offers

Permalink Reply by Bobi Carr ("parker") on December 10, 2009 at 21:21

RBH,

What part of the play?

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on December 11, 2009 at 3:41

parker, I would suggest the correct question would be "what parts of the play". I have no reports of Petrohawk making $10,000/acre offers and I have seen them cease to make offers when competitors reached the $10,000/acre price. That doesn't mean that it's not happening and though I haven't seen them at $10,000, I have seen them darn close. And I have seen some of their competitors above the $10,000 mark on properties that are in the 25 to 50 acre range. Quite surprising at the current nat gas prices but most welcome. At this point a disclaimer is in order: The offers I refer to are quite location and detail specific, they are not blanket offers for a wide area. Those days are gone IMO. What remains is a gradually improving lease offer environment over all and location specific offers that under the right circumstances are reminiscent of the early days of the Play when competition for leasehold was wide spread.

Permalink Reply by The_Baron on December 9, 2009 at 8:38

6,000 sounds like the going price now in the core areas. Sounds like you signed just before the crash, congratulations.

• ▶ Reply

• ‹ Previous
• 1
• …
• 5
• 6
• 7
• 8
• 9
• Next ›
• Page