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Comment by Skip Peel - Mineral Consultant on August 12, 2011 at 1:43

That would be my guess also from a quick review of wells permitted in Pointe Coupee in the last 4 months.  Only two active operators:  Anadarko drilling Austin Chalk and Neumin drilling Wilcox.

Comment by littleasy on August 12, 2011 at 1:33

The word on the street is they represent APC in PCParish.

Comment by Skip Peel - Mineral Consultant on August 12, 2011 at 1:14

Basin Properties has bid on mineral tracts in previous auctions.  Although they have been discussed I don't think we as yet know what company they are representing.  We know they have worked with Devon Energy in the past.  They are a land company working for a client.

Comment by Craig Wascom on August 11, 2011 at 16:52

Hi Skip I took a lood at those auction results. I noticed that Basin Properties was a major player in the Pointe Coupee tracts. Any thoughts?

Comment by Skip Peel - Mineral Consultant on August 11, 2011 at 13:37

Use SONRIS Lite and a browser other than IE, I use Firefox.  Cut and paste the selections into a word document and edit it there.  Then cut and paste the finished product into a site reply.  Links will not work.

Comment by Joe Aldridge on August 11, 2011 at 13:27

Skip, I'm having problems picking the info up on the State auction and posting it. I even tried to post the link and it would not work.

Comment by littleasy on August 11, 2011 at 12:36

Please feel free to e-mail me if you have question that I might be able to answer.

Comment by Skip Peel - Mineral Consultant on August 11, 2011 at 12:25

Hey, any of you Austin Chalk members planning to post the August State Mineral Auction results?  Anadarko continues to be the main bidder but they drew competition on one tract.  And lost it to another bidder by $1.48 on the bonus bid.  The real news is that the winning bid also offered a royalty of 25.5%.

Comment by Craig Wascom on August 1, 2011 at 18:00

littleasy I'm living in the Permian Basin. No water, no fish, just oil and Gas.

Comment by littleasy on August 1, 2011 at 11:24

Craig, you are welcome.  I think you are in a great location, geologically speaking.  How is the fishing on Old River?

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