OCTOBER STATE MINERAL AUCTION RESULTS
42932 CADDO 16 T19N R14W 225.120 NO BID
42933 CADDO 16 T19N R14W 225.120 NO BID
Both tracts were nominated by Tacoma Energy Corporation. The tracts required a minimum bid of $1000/acre and a quarter royalty. Tacoma likely acting for Anadarko was not willing to bid the minimum. The tracts are on the southern margin of Anadarko's N Caddo Haynesville lease block. Previous bid tracts within the prospect boundary had winning bids of $538/acre and 22.5%.
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Replies to This Discussion
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Permalink Reply by Coonman on -
Skip, do you think Tacoma is getting an override on the royalty?.......and that's why it is only 22.5%
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Permalink Reply by Skip Peel - Mineral Consultant on
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Absolutely. That's Standard Operating Procedure in the working relationship between a land company and a client.
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