Yes, I think Skip would be a good person to talk to. And perhaps he could help them with their transactions.
I know a landowner who is in Section 32 Township 19 Range 9w on the Bienville Webster Line that is trying to sell his mineral rights for 11,000 per acre. I don't know if this is the going rate or not. Petrohawk has let most of the leases expire in this section. Petrohawk wants to lease at 500 an acre with a 25% royalty. They paid 5000 back in 2008 to lease. On one of Petrohawks drilling maps they are scheduled to drill a well in this section in the 4th quarter of 2011. I don't know if this helps or not.
I have not heard of any more sales of mineral rights or offers to sell.
Sorry for the typo I meant township 17n.
$11,000 an acre is a pipedream unless gas goes to about $10.00, IMHO.
YES on contacting Mr. Skip Peel, I have been extremely satisfied with his work ethics and vast knowledge. He is honest and straight forward. Should anyone wish a reference , back email me on the GHS site. Good idea to contact him. He KNOWS. As most of ya'll will agree , the O & G industry etc., is a very complicated subject (s) and sadly a lot of people are not honest- Mr. Peel is honest. He has the gift to explain complex issues in terms that are understandable with whom he is working. I am very impressed with his services. THANK YOU GHS site !!!!! To all the questions and contributors. Just keep learning. (no I can not spell well )
As far as price goes, it really depends on the area. Most of the reputable mineral/royalty comapnies who have conducted business in the Haynesville Shale take their price cues from their principle investment firm. You will have the "Mom & Pop" company who will make an inflated offer because they only plan on closing two or three transactions in the play. The inflated offer made by them can sometimes also be deflated when it never closes. I can tell you with natural gas prices at the current rate and the recent decreases in rig counts, prices have subsided.
In DeSoto Parish, if the Lessor had a 1/4 royalty, he or she could expect an offer ranging from $4,500 an acre to $8,000 an acre, depending on the location. It's like the real estate market, it's all about the location. For landowners with less than a 1/4 royalty the offer will reduce proportionately.
I advise landowners to only sell the royalty and retain the mineral rights (unless their is already production from a HA well. In that case selling mineral rights will provide the greater tax advantage). In addition, I think it's wise not to sell all the minerals or royalty, keep at least 10% - 25%. Most owners choose to sell half and keep half, that way their risk is balanced. They made a profit by selling 50% and have the other 50% for future potential.