Replies to This Discussion

Permalink Reply by Henry on April 4, 2010 at 23:42

Tahoe,
I know of recent offers to small landowners (not from EOG) of $7,500/acre. I know of a recent offer for a larger tract of $10,000/acre. Both were within 10 miles of your land. These offers were made about 2 months ago.

Permalink Reply by Tahoe on April 29, 2010 at 9:23

Ha! EOG's latest offer is $2,500/acre for a one year lease. Wrong way guys. Unleased mineral owner is looking better and better with this property.

Permalink Reply by Crunchy on April 29, 2010 at 9:56

What section is EOG drilling in the Oxford area? I thought Shell/ Encana had most of this tied up? Why only a one year lease?

Permalink Reply by Tahoe on April 29, 2010 at 10:03

I don't have the section number with me but they have drilled several wells down in that area. In fact, there was an article not long ago about how pleased they were with their development of both the Haynesville and Bossier Shales in that area. I have no idea why they went to a one year lease. Needless to say, their latest offer will not even be considered.....

Permalink Reply by Henry on April 30, 2010 at 3:50

Crunchy,
EOG has about a dozen units in the northern parts of 11N-12W and 11N-13W and the southern parts of 12N-12W and 12N-13W. They are actively drilling and are permitting multiple wells in many of these sections.