New Player in LSBD

I just heard thar Whiting Petroleum is trying to lease all land in Township 23 N which is not HBP.  I est about 12,000 acres-15,000 not HBP. I heard they are paying $350/acre. Did not find out royalty terms. Will do so and post here. Whiting is a good company out of Denver.Stock symbol is WLL.

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Replies to This Discussion

Permalink Reply by dbob on August 18, 2012 at 6:57

thanks!

Permalink Reply by Robert B Dunlap on August 18, 2012 at 7:03

Louisiana or Arkansas?

Permalink Reply by Aubrey C. Sanders, Jr. on August 18, 2012 at 8:19

Louisiana

Permalink Reply by obed w odom on August 18, 2012 at 7:03

Aubrey,

Which Ranges does this include?

Permalink Reply by Aubrey C. Sanders, Jr. on August 18, 2012 at 8:43

OBED, tHE ONLY ONE MENTIONED TO ME WAS R9W. BUT, I THINK THEY HAVE LEASES IN 10 ALSO.

Permalink Reply by RAZORBACK on August 18, 2012 at 9:23

MORE INFO

Whiting Petroleum Corp

213 Ouachita Road 136, Stephens, AR 71764 

 (870) 786-9772

 

 

Whiting Petroleum Corp

1265 Ouachita Road 2, Stephens, AR 71764 

 (870) 786-4101

 

Whiting Petroleum Corp

900 Columbia Road 25, Magnolia, AR 71753

 (870) 234-4022

 

Permalink Reply by RAZORBACK on August 18, 2012 at 7:47

See Whiting Annual Report Page 1, map shows activity in holdings in Louisiana....

http://www.whiting.com/media/AnnualReport.pdf

Permalink Reply by Aubrey C. Sanders, Jr. on August 18, 2012 at 8:25

RAZORBANK, Thanks. Guess I should have read my Annual Report from Whiting.

Permalink Reply by conebreadcuz on August 18, 2012 at 10:45

Whiting has been busy for months leasing 100k acres or more from Webster, claiborne, and Lincoln Parish. I have been told that they believe the Southernmost boundry of the Lsbd will be the most prolific.

Permalink Reply by inthestix on August 18, 2012 at 12:16

your source cuz?

Permalink Reply by conebreadcuz on August 18, 2012 at 12:21

i leased to them, been working with them on it since Jan.

Permalink Reply by Jon on August 18, 2012 at 12:30

What were the terms of the lease.  Township and Range, if you care to share.

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