I posted a question a couple of weeks ago regarding a 5 year lease and 20% mineral rights for our 60 acres of land in Vernon Parish. Swift Oil made the offer but we declined it because we felt a 5 year lease was too long. Since then I have been reading this blog and there's so much I don't understand. Yes, I am disappointed they didn't take our offer but I assured my family someone will be interested if they start drilling around our property and find something. Should I be trying to contact other oil companies or should I just sit and wait? HELP!
Patience, patience, Sit and wait. An Austin Chalk well has been permitted in Vernon. See the post in the thread "Austin Chalk in Louisiana". It is the last post yesterday by Skip and it contains the location of the well site.
As 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