A general production map (blue polygons are Lower Tuscaloosa fields and the contours are mapped on the Tuscaloosa A sand which is ~ to the base of the TMS) for those interested in the area.
I am currently compiling a leasing activity map for the area to triangulate the land position for the different players in the play. If you have any leasing knowledge for the area your input is appreciated. After I get the map compiled I would be willing to share it in this post.
I am currently under a 3 year lease with Cortez with 98 acres at 225 per acre for 3yrs at 20 % royalty. I have been told they have leased just to the east of Clinton on La 10 north to at least my neighbors 100 acres north of me and adjacent to my property. I am 2 miles n of Clinton on La 67 on the right.
I have been offered a lease for my 70 acres by Trinity Petroleum, L.L.C.:
$225/ac. for 3yr. Lease
$250/ac. for 2yr. Option to extend
I have not decided to take it.
My property is part of Fairlawn in Weyanoke.
I'd like to know of other lease options being offered in this area.
Any advice is certainly welcome.
I am grateful for your advice.
I plan to take it. I know an experienced attorney who will review my lease; I am going to hold out for better terms.
I have received great help on this blog; I am very appreciative.
Encana and Devon for sure with Anadarko coming from the west chasing the Austin Chalk. Goodrich's core acreage (from their large acreage purchase) is to the North and East (mostly Wilkinson, Amite and Pike Counties MS.).
The second round idea does fit the mold, but I think there are a few other players in there as well. Hard to tell when the large companies use small shell companies to keep their activity covert.
Thanks for the reply.