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Comment by O&G man in TX on October 9, 2008 at 4:52

The going rate in Rusk County has been pretty high (not ever $12,500 high), but with the cutbacks that some of the companies are having to make, I wouldn't be surprised if the days of getting thousands of dollars per acre is over for the forseeable future. Keep that in mind when you get these lower lease offers.

Comment by SLEM on October 9, 2008 at 4:06

Our family has a tract of land just south of the New London area in Rusk County that we have been offered $200/acre and 1/5 royalty for 3 years. I also feel that this is a low offer (as Trainman notes below). We also own a tract of land in Sabine Parish, Louisiana (large Haynesville shale play in La). Be cautious....we were originally approached by a landman offering us $250/acre and 1/5 royalty to lease our land in La. After 5 mos of negotiations and further exploration by these companies, we have now agreed to lease for $12,500/acre and 1/4 royalty.

Comment by Trainman on October 9, 2008 at 3:53

Found this article (Oil/gas experts advise: Landowners be smart, cautious). Thought you all might be interested. Article says Haynesville Shale wells produce 10 - 15 times better than typical wells. He says convential drilling is an "educated guess" with a 1 in 20 chance of finding oil. However, "...a resource play, such as Haynesville Shale, involves virtually no risk." Advises to get an Attorney.

http://www.nwlanews.com/index.php?option=com_content&task=view&id=9897&Itemid=57

Comment by Jason on October 8, 2008 at 12:20

Does anybody know who is leasing in southeast Rusk County near the Shelby County line?

Comment by Trainman on October 7, 2008 at 16:46

I am located about 6 miles west of Mt Enterprise, Tx (Rusk County). Chesapeake (I think) has offered me $250/acre for three years and $150/acre for a 2 year option and 3/16 royalty. This sounds rediculously low. What is the going rate for this area?

Comment by adubu on September 5, 2008 at 0:59

question for eastexas 12 what area and survey is PetroHawk offering $3000/25% for lease. Which direction from Mt. Enterprise?

Comment by easttexas12 on September 4, 2008 at 6:59

Last I heard in Rusk county PetroHawk is offering bonus of $3000 an acre & 25%. There's a smaller company named Encore out of Fort Worth offering $3500 an acre around Mt. Enterprise I've been told.
This is in the embryonic stage however.

Comment by John E Bromberg on September 4, 2008 at 5:56

Do you know the current market terms for bonus, royalty and term?
Thanks

Comment by easttexas12 on September 2, 2008 at 4:43

Here's a permitted well to the Haynesville Shale in Freestone County. Do they like me posting this, NO! lol:

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=STEWARD&univDocNo=485239436

Comment by jay on August 27, 2008 at 2:22

Can anyone tell me if there is any drilling activity in the Overton area? I heard a few things about activity in the New London area. I understand that drilling is going to happen in old well locations that were drilled in the 70's to 80's. Please let me know what you know....

Thanks.

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