san Augustine county

I own 300 acres in survey 139 what is the going price for a lease. i have had people calling me and i am not leasing right now i am holding out until the price goes up.

thank you

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Permalink Reply by leo bishop on September 7, 2009 at 21:21
what is their offer???
Permalink Reply by jerry smith on September 8, 2009 at 0:21
3500
Permalink Reply by leo bishop on September 8, 2009 at 0:40
WOW $3,500 in AB-139 Hennis Survey..
Permalink Reply by Checkmateking on September 8, 2009 at 0:46
you might be waiting a long time
Permalink Reply by jerry smith on September 8, 2009 at 0:50
i was offer 600,000 for my mineral interest 3 weeks a go by a oil company in midland texas . what do you think
Permalink Reply by leo bishop on September 8, 2009 at 0:59
Jump on this!!!!
Permalink Reply by jerry smith on September 8, 2009 at 1:05
leo i am not hurting for money i have plenty time to wait them out when they drill which i no they will
Permalink Reply by leo bishop on September 8, 2009 at 1:13
will they drill if you are not leased?? or will they just move over 476'
Permalink Reply by jerry smith on September 8, 2009 at 1:09
leo take a look at the offset wells around the property there is some great production on them wells an they are not even down to the haynesville.
Permalink Reply by jerry smith on September 8, 2009 at 1:18
leo, they cant just move 476 the way my property is set up . they will have to lease it and i will not let them pool it either. it will be a straight up lease 2 year drilling lease with my option.
Permalink Reply by Checkmateking on September 8, 2009 at 1:19
Well if you own 300 acres they might not drill at all
Permalink Reply by jerry smith on September 8, 2009 at 1:26
leo, what do you mean

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