I have 75 acres in t14n r10w. What is the going rate for leases? I have been offered $4,000 an acre ( much less than several months ago), but if that is now the going rate I may go for it. How can I find out how much is the going rate?
Charles and Skip,
As you stated, Pride Oil & Gas (Lafayette, LA, phone 337-233-8107) handles the leasing for Encana in RRP. We extended our lease with them several months ago in one part of the parish, but at that time, they were only interested in extending leases in certain areas of the parish. For example, they were not interested in extending our lease on several acres in another part of the parish. That may still be their plan, remaining selective on which leases they want to extend.
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