Comparative Offers in Blanchard Area 18N15W

Hi,

I was wondering if anyone was contacted this week by Winchester in Blanchard, 18N15W? I received a letter about leasing and called. He said there is a blanket offer for our area of $8,000 / 25%. He also told me that most of our area was already leased by Winchester, not Chesapeake, and that I should consider strongly signing with them instead of CK, of course! :)

Anyway, I wanted to provide a rundown of my offers in 18N15W so far in case it helps anyone in knowing what I have been offered for my 4 acres as an individual (and of course, one of these offers is as pooled land with Castellano's group). When all of this started, I contacted each O&G company and asked if they were intersted in my land, which led to one of these offers.


$7,500 / 25% Manna Acquisitions (for CK)
$8,500 / 25% XTCO
$15,250 / 25% Castellano (for CK)
$8,000 / 25% Winchester

Hope this helps someone...thought it couldn't hurt....I would be curious to see how other homeowners' offers are comparing to each other.

Views: 254

Replies to This Discussion


landownerPermalink Reply by RAY on July 24, 2008 at 3:03
I haven't received an offer yet....but I am talking to Basin Mgm, that the group that offered Creamer the $18,000 per.. will keep everyone posted.

I signed up with EZMinerallLease.com....I will set a reserve of $27k/27%

landownerPermalink Reply by alleyboy on August 12, 2008 at 2:53
careful about mentioning ezminerallese, you might get some nasty comments like I did! Congratulations on signing up. Be sure and let us know how it turns out
Permalink Reply by louisiana lady on July 24, 2008 at 11:05
Check the data on new Winchester well in T18-R15-S7, first HS well for this Township/Range. If production is good, bonus and royalty will increase.
Permalink Reply by N2 C C on July 27, 2008 at 18:14
I would tell you first I think the castellano offer is a wish. I beleive your contact at whichester is correct in that most of the area out there is leased by winchester. winschster has been out in this area for years. i have 500 acres in sections 8, 9, 16 and 17 and I continued my lease with winchester. I have been told that drilling will happen quicker if you take the negotiations between gas companies (lease owners) if the majority of the property is held by a single company such as winchester. I signed several months ago at $6,600 per acreand 25% so $8,000 sounds good to me. We must remember the real money is in the production and the sooner we get a well down and it is successful the better we all will be. What section are you located?
Permalink Reply by N2 C C on July 27, 2008 at 18:38
You are right also, I understand winchester only has one available rig to drill a haynesville well. I also understand it is in Desota Parish or heading there. I know land owners who have been contacted about site locations for a haynesville well and they are up next supposedly. The simple point is that I am in hopes that they will gain some experience there before coming up here to us. I cannot imagine winchester not going after some qualified hands to conduct this expensive of an operation. I do know that the first well Petro Hawk drilled and hit big was new ground for them also. I understand that there were some tense moments while trying to frac the well but it turned out great!

landownerPermalink Reply by RAY on July 28, 2008 at 1:59
if you only own .225 of an acre...the real money is in the bonus!
Permalink Reply by louisiana lady on July 28, 2008 at 5:46
Can I ask how many acres you leased in section 8? Does Winchester have at least 50% of that section. Would a lease signed in that section with CHK hold up drilling?
Permalink Reply by C.H. on July 30, 2008 at 8:43
UMM, I would not post the offers made and attach a company next to offer -- THE BEST THING YOU CAN DO IS CREATE COMPETITION but when the same company , such as in your example, CHK is bidding against itself--one of them will pull the offer off the table and there goes your competition! I mean really, You would like for Manna and Castellano to bid against each other! You now have a LOW and somewhat high (not to be confused with HIGHEST) bid from CHK
Permalink Reply by COOKIE on July 30, 2008 at 12:17
I BELIEVE WINCHESTER IS OFFERING 8000.00 AND 28% IN SECTION 31 (BLANCHARD) NOT A BAD DEAL!
Permalink Reply by Paul on July 30, 2008 at 13:48
I'm in 18N15W Section 5 and have been offered either 8K/28% or 10K/25% today by Winchester.
Permalink Reply by Ray C on July 31, 2008 at 1:50
Winchester is now Exco. I think that is why you see Winchester making shale plays now. I would guess they now have the resources both in monetary and expertise of drilling hor. wells.
Permalink Reply by J Todd on August 12, 2008 at 5:05
Researchmommy,
What section are you in? Do you have any offers as of today, 8/12/08? Lou-Tex, a small, indep. drilling co. reneged on their offer of 8550/ac. for Sec. 28 property. I have contacted Manna again and haven't heard from them. Please let me know. Thanks!

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