Has anyone heard about some landmen looking to start up new TMS leases in Rapides Parish?

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I have heard that Torrant is offering $675 an acre bonus and 20% royalty. Has anybody heard anything different?   They seemed to work with people at the beginning of leasing but not now.   There is a lot in the lease not good for landowner....like paying "your share of cost production and transportation"...  That is scary at 20% royalty for landowner and they get 80%.  And then you hear about landowners getting a bill for expenses and no check....  Can that really happen?

   

Has Torrent offered to lease your land? I have looked at the Torrent lease form and it is virtually the same as the ones everyone else is using.

What area is Torrent leasing.

they are in and around north bayou jack. 

jay

Ok Thanks. Thought maybe something was going on in Rapides that I wasent aware of. 

Torrent has been buying leases in Rapides for several months. They have been boring holes around Bayou Jack here lately.

hey guys is Torrent tied to a major player in the AC play?  What do you mean TD by "boring holes" around bayou jack.  seismic work?  

Torrent is drilling wells, I have read where they have some deep pockets behind them funding their operation.

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