Replies to This Discussion

Permalink Reply by Rick on July 10, 2008 at 10:10

Hi Mr. Clark, I am not sure what Section you are in but according to a link on the home page of this site, on the left side of the home page, under Helpful Links, when you click on Lease Sale and Tract, it will pull up a list of leases that companies have to post with offices in Baton Rouge, and it is public information. If you pan down the page at Tract #39963 you will come to Caddo Parish which shows amounts posted as of yesterday, in the amounts from $27,000 to $30,212.00 PER ACRE!! Go down a little further and you will see DeSoto Parish, Sect 15,22,27,28; T-11-S, R-2-W and you see the amounts $23,757.00 to $27,512.00 with royalties of .250% and .275%, so that is why Kassi on this site is telling everyone in Stonewall they should not settle for less than $20,000.00 and acre; as you see the price is skyrocketing and the royalties are going up too, once Chesapeake drills and completes the well I mentioned in the Sect 18 & 19 discussion, and if it comes in big, which I think it will, because they have too much information and too much land to just be randomly drilling there, then if it is similar to Petrohawks site in Elm Grove, 16.6 million cubic feet per day, almost 7 times the size of a usually "very good producer", then I think $25-30,000.00 might be the norm in the Stonewall area then.

Permalink Reply by Drmrktr on July 11, 2008 at 0:21

Thanks, Rick.

We are in section 18, btw.

I appreciate your taking the time to answer.

Permalink Reply by Linda Whatley on July 14, 2008 at 11:10

I leased 400 acres to Chesapeake in late May. The property is located in Section 1 & 12 of T12N-Range 12W, and Section 6 of T12N-Range 11W. Maybe you should give them a call.

Linda Laffitte Whatley