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Comment by Deborah Rowell on February 17, 2011 at 7:20

Sec6 T15N R8W- The rig has been gone for over a week. The well in Sec 1 has been drilled but Sec 6 well has not been started. Does anyone have info on this well? Seems to me that both wells would be drilled before moving the rig.

Comment by RFKirkland on February 4, 2011 at 11:23

Does anyone know the status of the well in section 20 T16N R9W in Ringgold, LA.

Comment by James Martin on January 19, 2011 at 15:10

Can someone shed light on this letter I received please? Had a migraine tonight and am not thinking clearly. The cold front moving my way is hammering my head pretty badly.

 

Please see attachment.Shale_Area_Land_OwnedNDeSoto_Parish.PDF

Comment by red rider on June 24, 2010 at 18:24

A horizontal well has been drilled. (months ago) but still not frac'ed. Is this common for the oil/gas co's to postone the frac'ing? I see millions of dollars have been spent drilling. I don't know about you, but i would want some return on my money. how long do these oil/gas co's wait till they start producing ?

Comment by Jere on June 24, 2010 at 1:36

Does anyone have info on the Bienville Sand and Gravel, S11-T15N-R10W. It was fracked last week, what is the production rate and any other info. Are any more wells predicted for this section.

Comment by red rider on April 1, 2010 at 5:47

just received a ROW agreement. whats the going rate for rods? 250 per rod? and is the going rate for timber at $5000 per acre?

Comment by Linda Bailey Gomila on March 21, 2010 at 10:56

We own land in the Bryceland Field in Bienville Parish. We have a Pugh clause that gives us the rights to the minerals from the Cotton Valley down. 5 wells have been drilled in our section they reach 10,500 ft.
Can anyone tell me how low the Hoss C is in this particular field? I believe that El Paso has already drilled into the Cotton Valley...they are frantically trying to lease us. We are holding out for better terms.

Comment by Skip Peel - Mineral Consultant on August 7, 2009 at 14:50

ELLIS. The current Federal Income Tax on long term capital gains is 15%. In order to qualify for the tax rate on long term capital gains, an asset must have been owned for two years prior to the income filed for tax purposes. Lease bonus and royalty income is gross income subject to the full federal and local income tax rate.

Comment by ELLIS HUGH on July 29, 2009 at 4:09

It is my understanding that bonus money from a lease is considered income and taxed at about 40%. Royalty payments from a producing well is also taxed as income, again around 40%. The sale of royalty interest/mineral rights can be considered a capital gain and subject to the 15% capital gains tax.

I do not know about ROW payments, I will see if our attorney knows. CPA or Tax attorney would know for sure!

Comment by RMJR on July 15, 2009 at 8:52

A friend said he paid 40% Federal taxes on proceeds from a lease in Haughton. That seems crazy! I would like to calculate state and fed taxes on a possible Right of Way. Any clues?

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