Does anyone have any completion information on the Sacagawea unit? My mom was a Whitton and own a large amount on the unit. Have been offered $16,000/ Ac
Your offers are way above the normal ones, correct?
The Past Offers were always between $3200 and $6100 for the same tracts, suddenly I received this $30200.00 offer for Whitton and Sacagewa... large enough to make me wonder, "why such a large amount?"... nothing had changed to warrant such a number as far as I could see.
i mean we are currently receiving Royalties from Whitton H-1, Sacagewa H -1, H - 2, H -3 and H - 4.... and I saw that Sacagewa had additional Permits for H-5 through H - 8.
I won't sell of course, regardless of Offers, but this 'increase' caught my attention and has me wondering 'what lies beneath?' again.
Skip Peel ; I am one of the Whitton Heirs with approximately 275 Acres at a 0.000875 Royalty interest... normally not near enough to warrant an offer of this current magnitude... normally I just get enough 'Chump Change' to keep me in Fishing Tackle!
Bill, mineral buyers are informed by their investors. Let me be clear, mineral companies on the whole keep zero or a very small percent of what they buy depending on their deal with their investor(s). Investors look long term, mineral buyers live in the now. It's not just your offer that has increased, it is offers increasing all over the Haynesville Shale fairway. Investors don't mind having decent immediate income upon acquisition but that is chump change to them. They are looking to 2024/2025 for new wells when natural gas prices should be better and new demand from LNG export facilities are in the offing. I can't count how many contacts on and off of GHS I have received from mineral owners expressing the same surprise and having the same questions as you. Yours is not a unique situation. So will the investors be right? Will you be glad you held onto your minerals? Mineral owners share in the same risks that O&G companies deal with just to a somewhat lesser extent. Good luck.
The O&G Market seems to have some up, down and sideway plays going on... once and a while, I just get a like "WHAT" moment when something really weird hits LOL < ,*}))))>/p>
Bill, if the mineral space wasn't so arcane and complex, I wouldn't have a job.
Preaching to the choir here, but the whole mineral / royalty purchase effort is tied to the timing of anticipated production. And the discounted ROI and PV associated with any offer being being.
It is a chess match - with a lot of moves tied to gas price projections.
Yeah.... and everyone is playing Chess while I play Checkers!
Like a geological video game, there are levels upon levels of gameplay. A person may think they have it all figured out, only to discover that there's yet another higher level of interaction -- like a secret button in a computer game. Yes, indeed. The old school landowners who signed peanut leases (like my grandpa and grandma), had no clue what the future would bring. And sadly, those old HBP contracts are still in place for a lot of heirs like myself. So, yes, our grandparents were playing checkers. True. Many of the old folks never even finished high school. And, of course, they also liked to play dominos (and Shoot the Moon) and plain ol' poker, too. Nothing like a friendly game to challenge one's wits. Us good ol' boys like a good game of chance. But then the true chess masters came along, revealing yet another level negotiation/leasing. Yep, the truly smart rednecks lawyered up, and the chessboard really changed. It became a three-dimensional chessboard, with numerous formations and sneaky lease clauses. Wise are those who don't sign their names to peanut deals. Intelligence pays off -- big time. The grandkids went off to college and came back with the proverbial bacon when they returned home, so to speak -- after their LSU professors taught 'em how to properly vet a lease.
Anyone hearing anything on the status of the additional Sacajawea Wells?
Looks like directional surveys filed with Tx RRC for two of the four permits.
No completion reports yet.
Plus no production listed on Tx RRC in any category (including pending)