Replies to This Discussion

Permalink Reply by Les Bamburg on August 24, 2008 at 7:54

DTO, I have not heard of any offers in the that area. What company made the offer and what was the royalty %.

By the way, have you been contacted about a new seismic survey in the area?

Permalink Reply by dto71019 on August 25, 2008 at 14:55

it was pride who made the offer and the roalty is 25% for a 4 year term on the lease and i think a 2yr opt to release.No i havent been contacted about the seismic

Permalink Reply by BLZBub on August 25, 2008 at 15:07

Leased tracts Sec 18 & 30 T12N R8W to Pride for the same royalties & $4000/acre bonus in April

Permalink Reply by dto71019 on August 25, 2008 at 15:13

so it should be better now i would think.But i heard it was slowing down a whole lot. but im not sure i dont know nothing about this stuff so any help would be great . thinks for the infoBLZBub

Permalink Reply by Les Bamburg on August 25, 2008 at 17:39

BLZBub, so you and DTO both have land near La 784. It looks as though EnCana is trying to tie up the area.

Permalink Reply by BLZBub on August 26, 2008 at 3:10

All we have leased by Encana/Shell

Permalink Reply by Les Bamburg on August 25, 2008 at 17:34

DTO, thanks for the additional information.

Permalink Reply by Glenn Morgan on August 24, 2008 at 11:23

My property is down by the airport on the Red Oak Road. My last offer was $5000 per acre, about six weeks ago. I would think your offer should be a little better than that.