Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on October 26, 2014 at 6:24

Those would be "opening" offers.  I think that offers will improve over time and end up close to what Anadarko paid in north Caddo.  That is if Cass County mineral owners are paying attention.  Spread the word.

Permalink Reply by James Mike Griffin on October 30, 2014 at 6:16

And could you please tell me what was offered in North Caddo???

Permalink Reply by Skip Peel - Mineral Consultant on October 30, 2014 at 6:28

Beginning in early 2012 the offer was $350 and a fifth royalty.  That didn't last long.  By late summer all the land companies leasing for Anadarko were offering $500 and a quarter regardless of size of acreage.  That has remained the standard offer until Anadarko drilled enough sub-economic wells to stop taking leases.  There hasn't been a rig drilling in that leaseblock for over three months.  The rig that Anadarko had under contract was sent to south Bossier Parish to drill the usual dry gas Haynesville Shale wells.

Two things to consider:  One, Anadarko leased about 100,000 acres and drilled 17 wells, spent 100s of millions on the purchase of surface acreage, the construction of pipelines and a central processing facility and still did not make a successful play in north Caddo.  It is a fact hard for novices to believe that a company would invest this much on something that was not a sure thing.  There is no such thing as a sure thing in the oil and gas business where an undeveloped prospect is involved.  Two, the rules governing how an energy company can form units and force pool mineral interests are quite different between Caddo Parish, Louisiana and Cass County, Texas.  Louisiana provides much more protection for private mineral rights and Louisiana mineral owners have more leverage in negotiations. 

If you are a novice, I suggest that you read this:

http://www.gohaynesvilleshale.com/mineral-owner-rights-101

Permalink Reply by James Mike Griffin on October 30, 2014 at 9:08

Thanks.  Got a guy out of Tyler been trying to reach me.  Just want to get some knowledge before I talk to him.  Thanks again

Permalink Reply by Skip Peel - Mineral Consultant on October 30, 2014 at 9:38

Your negotiating position will likely hing on the number of mineral acres you own.  Don't rely solely on what you get from the landman.  If you can take a trip to the courthouse and review the Day Book in the Clerk of Court's office to see the companies filing leases, where the mineral are located and, if leases, the royalty in the lease.  If they are filing Memorandums of Lease, the royalty will not be disclosed.

Permalink Reply by James Mike Griffin on October 30, 2014 at 10:00

I see what your saying and I will follow up on that.  I'm a small holder in a tract that's been passed down .  I still want to handle it as best as I can.  Thanks

Permalink Reply by Skip Peel - Mineral Consultant on October 30, 2014 at 10:09

Tell the landman that you are interested in leasing but don't get pushed into executing a lease without performing your own due diligence first. The bonus range will be relatively small and not a great amount of money for a small acreage interest.  What you want is the usual beneficial and protective lease clauses and the best royalty you can get. 

Permalink Reply by James Mike Griffin on October 30, 2014 at 10:44

Exactly.  So I got a dumb question.  If the offer is $250 per acre for three years, is the $250 per acre per year or $250 for the three year lease?

Permalink Reply by Jim Bemis on November 3, 2014 at 11:11

Thank you Skip and Waylon for all your background info on Anadarko. I think Skip is spot-on.

Evidently Petro-Land has flipped some of their
recent leases to Anadarko in James Taylor Survey.

Also--Anybody know anything about HopCo LLC in Louisiana thatIs leasing in the W.Wilson survey in Cass? 0r about Bayou Sun Energy in James Taylor Survey who were leasing back in 2011?

Thanks again.

Jim Bemis

Permalink Reply by Skip Peel - Mineral Consultant on November 3, 2014 at 11:24

You're welcome, Jim.  I'm not familiar with either company.  Here is the information in the TX and LA Secretary of State registrations.

HOPCO LAND SERVICES, LLC
Texas Taxpayer Number	32045896308
Mailing Address	320 HOLLIE CIR SULPHUR SPGS, TX 75482-4873
Right to Transact Business in Texas	ACTIVE
State of Formation	TX
Effective SOS Registration Date	01/01/2012
Texas SOS File Number	0801516611
Registered Agent Name	RONALD J. BLOUNT
Registered Office Street Address	320 HOLLIE CIRCLE SULPHUR SPRINGS, TX 75482

 

BAYOU SUN ENERGY LLC

Limited Liability Company

HAUGHTON

Inactive

 

Previous Names
Business:	BAYOU SUN ENERGY LLC
Charter Number:	36758038K
Registration Date:	5/28/2008

 

Domicile Address
	128 RAGAN LANE
	HAUGHTON, LA 71037

 

Mailing Address
	C/O J. GRAY SCHULER, II
	9513 ROCHEL DR.
	SHREVEPORT, LA 71115

 

Status
Status:	Inactive
Inactive Reason:	Action by Secretary of State
File Date:	5/28/2008
Last Report Filed:	5/21/2009
Type:	Limited Liability Company

 

Registered Agent(s)

 

Agent: J. GRAY SCHULER, II Address 1: 9513 ROCHEL DR. City, State, Zip: SHREVEPORT, LA 71115 Appointment Date: 5/28/2008

 

Officer(s)

Additional Officers: No

 

Officer: J. GRAY SCHULER, II Title: Member Address 1: 9513 ROCHEL DR. City, State, Zip: SHREVEPORT, LA 71115

Permalink Reply by Jim Bemis on November 4, 2014 at 4:20

Skip-
Seems like lots of steam building up in Cass Co. again. Thanks for info on HopCo. Soape is leasing in W. WILSON survey.

Jim Bemis

Permalink Reply by waylon buckland on October 31, 2014 at 11:43

barrow shaver has built a cadalac of a drill site big enough to frack from deepest slush pit i have ever seen must be going to drill a big hole

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