Snake in the grass! (30/30 June avg)

Please educate, organize, question "middlemen", balk at deadlines, and refuse to be bullied.

This months figures:

"The lease sale figures show that over $46.4 million of this month’s total of bonus money came from eight leases in the Haynesville Shale play area of north Louisiana of acreage that the Mineral Board was leasing on behalf of local governments there. According to State Mineral Board Secretary Marjorie McKeithen, seven of the north Louisiana leases were located in Caddo Parish and averaged over $30,000 per acre in bonus and 30 percent royalty. The total bonus money received for the Caddo Parish leases amounted to $17,683,171, covering approximately 585 acres. The other north Louisiana lease covered 1,045 acres in DeSoto Parish and brought in $28,750,040 in bonus which tallies $27,512 per acre and 27.5 percent royalty. "

Tags: $30000/acre, 30%, caddo, desoto, educate, june

Views: 26

Replies to This Discussion

Permalink Reply by Rick on July 24, 2008 at 3:15
Stank, I think the word is spreading pretty fast because some people at work that live in the Keithville-Springridge-West Stonewall areas are checking in with a group that is supposed to have a very large area of land they are organizing and their intention is to get 30/30. They know that the numbers you mention were mostly on State or parish owned property, but they figure if the state/parish can get it, why can't they. I will try to get more info but right now they are tight lipped if you aren't from their Sections and organizing. They have attorneys working for them and they have been advised to work on the "down low" until the deal is done, you know, kinda like the parishes did!

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