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Sabine Parish, LA

All things, people, companies, places & geology related to the Haynesville Shale play in Sabine Parish

Location: Sabine Parish
Members: 455
Latest Activity: Jan 11

 

Discussion Forum

Wellbore Easement 4 Replies

Started by Dixie. Last reply by Dixie Oct 2, 2023.

Troy Access Work Hornbeck Area 1 Reply

Started by Lisa Melder-Johnson. Last reply by J B Nabors Feb 17, 2023.

Unleased Mineral Owners in Comstock Haynesville Shale Units

Started by Skip Peel - Mineral Consultant Feb 18, 2020.

Unleased Mineral Owners in Vine O&G Haynesville Shale Unit 2 Replies

Started by Skip Peel - Mineral Consultant. Last reply by Skip Peel - Mineral Consultant Feb 17, 2020.

Troy Access Work Hornbeck Area

Started by Lisa Melder-Johnson Feb 1, 2020.

3 year gas Lease with 2 year option 4 Replies

Started by James. Last reply by Quarter Royalty Nov 12, 2019.

Drilling Rig (natural gas?) 1/2 mile from me T6N R11W S8 16 Replies

Started by Nancy T6N R11W S8. Last reply by Mark Hughston Oct 9, 2019.

Prices being paid for pipeline easements 1 Reply

Started by phoenix. Last reply by J B Nabors May 6, 2019.

Recent activity in Sabine Parish 15 Replies

Started by Dixie. Last reply by Skip Peel - Mineral Consultant Feb 27, 2019.

8N-12W Zwolle / Belmont Area

Started by James Mar 22, 2018.

Logansport 1 Reply

Started by Andrea. Last reply by GoRicky Nov 24, 2017.

Comstock Resources Expands Haynesville Shale JV With Bossier Wells in Sabine Parish

Started by Keith Mauck (Site Publisher) Oct 17, 2017.

S36, T10, R11 Activiny? 1 Reply

Started by bulldog. Last reply by Two Dogs, Pirate Nov 10, 2014.

Question about old (really old) wells 10 Replies

Started by 4HTSG. Last reply by Skip Peel - Mineral Consultant Jan 21, 2014.

No check from Shell/ Sabine 2 Replies

Started by Carol Hart. Last reply by Carol Hart Oct 31, 2013.

Eagle Ford in Sabine Parish 3 Replies

Started by Two Dogs, Pirate. Last reply by Marc Smith Aug 29, 2013.

CHESAPEAKE APPLIES TO TAKE OVER HA UNITS FROM XTO 1 Reply

Started by Skip Peel - Mineral Consultant. Last reply by J B Nabors Mar 13, 2013.

EAGLE OIL & GAS HAYNESVILLE LATERAL UNDER TOLEDO BEND 1 Reply

Started by Skip Peel - Mineral Consultant. Last reply by Skip Peel - Mineral Consultant Mar 12, 2013.

South Sabine parish 18 Replies

Started by Johnie Bravo. Last reply by L W REEVERS Jan 16, 2013.

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Comment by James on October 9, 2016 at 2:33

I asked that question but didn't write down what the guy said and my memory is only good for about 30 sec. these days.  The only thing I do remember is the word "eastern" was in the name of the company (I think).   I just can't remember what he said. One of the other landowners I talked to said the guy that contacted him was out of Texas but he couldn't remember the details either.  Next time anyone calls I'll be sure to have a pencil and paper close by.  Last contact was within the past two weeks.

Comment by Skip Peel - Mineral Consultant on October 8, 2016 at 13:42

Anyone ever figure out if Blanchard was offering leases for an operator?

Comment by James on October 8, 2016 at 12:36

Well, a little time has gone by and I talked to a few other landowners nearby.  Seems like the best offer lately has been $1000 per acre and 22%. in 8N-12W-14.  General consensus is that is if the offer reaches $1000 per acre and 25%, some will accept the offer.

Comment by Skip Peel - Mineral Consultant on September 25, 2016 at 9:06

Without a section or a name for the company offering the lease, it's hard to get too specific.  I would guess that the interested operator is either Vine O&G or GEPH as there's no other Haynesville operators active or with existing production in the north half of 8N-12W.  GEPH is just now getting their drilling program underway.  Since Blackstone Group is behind both companies it's unclear at this point if they will compete with each other over leasehold.  I think that a quarter royalty is still the norm and that bonus offers vary widely.  $750 is not out of the ballpark but a little low IMO. 

Comment by James on September 25, 2016 at 8:14

Recently received an offer of $750 per acre and 20% royalties in 8N-12W.  Best offer I've heard in quite a while.  Kinda on the fence as to what to do.  Don't want to jump too soon and regret it later.  Am leaning towards waiting a while.  If some gas company is planning to move into this area, maybe they will make a slightly better offer and I can eliminate the middle man.  I don't think it would make much difference either way.  I know the offer is based on speculation of rising gas prices.  I could take the offer or roll the dice and wait.  My decision could come down to coin toss. I'm just thinking out loud but it would be interesting to hear anyone's thoughts about the situation....

Comment by James on June 2, 2016 at 7:35

Yep, I know the prices will never be what they were in the early days.  I didn't tell the landman that, someone else did.  I told him I'd think on it.  Thanks for the input.

Comment by Skip Peel - Mineral Consultant on June 2, 2016 at 6:12

I don't see any action to come unless you are talking years from now.  Even then $2K and a quarter royalty may not be possible.  $6K and a quarter was early Haynesville Shale days terms.  Those have been history for five years.  Don't base what is acceptable in the way of lease terms on those offers.  You'll never get a lease. 

Comment by James on June 2, 2016 at 6:06

Thanks for the info.  I'm sure you are correct.  I talked to another land owner who had already talked to another and I think the general consensus is to wait and see what's coming.  The landman was told that last time we were paid $6000/acre & 25%.  No wells were ever drilled and the leases have since expired.  The landman asked what it would take and was told $2000/acre & 25% would probably do it.  No reply to that response.  We are thinking that this company is trying to get a jump on the action to come.  Now the waiting game begins.

Comment by Skip Peel - Mineral Consultant on June 2, 2016 at 3:40

I suspect that this is the company offering the lease.  They are current with the SOS.

Business:

BLANCHARD AND ASSOCIATES LAND SERVICES, L.L.C.

Charter Number:

41465150K

Registration Date:

3/19/2014

 

Domicile Address

 

421 BEVERLY DR

 

LAFAYETTE, LA 70503

 

Mailing Address

 

421 BEVERLY DR

 

LAFAYETTE, LA 70503

 

Status:

Active

Annual Report Status:

In Good Standing

File Date:

3/19/2014

Last Report Filed:

2/25/2016

Type:

Limited Liability Company

 

 

Comment by Skip Peel - Mineral Consultant on June 2, 2016 at 1:35

Never heard of the company.  There is a Blanchard Land LLC registered with the Secretary of State but they haven't maintained their reports to the state.  The term, 3/2, is pretty standard.  The 3/16th royalty is low but that is what investors are looking for/betting on, the future royalty from wells.  If they assign your 3/16 royalty lease for 1/4 royalty they effectively get a 6.25% royalty and you get the rest, 18.75%.  Unless they have inside information, which by the way is generally pretty rare, they are betting on some company being willing to drill one or more wells including your minerals in the next five years.  IMO that's not a sure bet by a long shot but that's what makes the O&G business high risk/high reward.

 

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