Replies to This Discussion

Oil & Gas ProPermalink Reply by Sam Teer on June 30, 2011 at 8:35

Mike,  How is the Henderson well's production.  I was hoping that this would be the well that might get leaseing going in the area.

Oil & Gas ProPermalink Reply by Sam Teer on July 1, 2011 at 6:29

Mike, Thanks for the quick and informative response.  Sounds like a good time to be a mineral owner in South Angelina!

landownerPermalink Reply by Sod Holder on July 19, 2011 at 3:20

I am in the McClure survey and was contacted yesterday about leasing my 10 acres,  this is the area between Marions Ferry Rd FM1669 and Harley Golden Rd.  The landman said they were leasing this whole V shaped piece of land.  I was wondering if anyone knows the going rate,  since we are so close to the SW Henderson well.  My neighbor leased land on Marions Ferry Rd last week.  This is being leased by representatives of Phillips Petroleum if this helps.

landownerPermalink Reply by Sod Holder on July 19, 2011 at 16:57

Thanks for the reply back.  They have made an offer and I told them I wanted to research and study knowing that I would not accept it.  It is not at the level that Ol' Vet was talking about.  I figure it will be a little bit drawn out and am trying to get together with all the neighbors so that we are all on the same page.  Most of us are smaller tracts but a few big ones mixed in and figure with us all on the same page with around 150 acres we should have a shot at a better deal.

landownerPermalink Reply by Karen Perry Kent on August 2, 2011 at 8:23

Does anyone know how the Nelson well is doing?

landownerPermalink Reply by Karen Perry Kent on August 6, 2011 at 11:32

If you are approached to sell 5 - 7 acres for a drilling rig, and already have all the minerals leased to that company, would it be okay to sell the land to the gas co.?

Oil & Gas ProPermalink Reply by Sam Teer on August 6, 2011 at 13:15

Karen,

 If you want to sell the surface, there is no problem with that. You will want to make sure and reserve the minerals when you deed the property, as you do not want to sell the minerals.  Most likely they would want to lease 5 to 7 acres of your surface and not buy it, but you never know.  Sam

 

P.S. What company are you dealing with and what area is your property in?

landownerPermalink Reply by Karen Perry Kent on August 7, 2011 at 8:04

Goodrich, and property is in Etoile,  off 226.  Would it be okay to sell as long as you have the minerals reserved?

Oil & Gas ProPermalink Reply by Sam Teer on August 8, 2011 at 6:55

Yes, just make sure when you convey the property there is language in the deed to reserve 100% of your minerals.