prices for oil and gas leases in union parish?

is $125/acre with a 1/6 interest in production on a large tract laughable? have recently had this offer

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Permalink Reply by Cortez Fields on November 4, 2010 at 13:39
Anybody know of any leasing in Downsville. I talked to a landman who offered 250/acre 1/5 5/5 yrs. We passed thinking something may be coming in the future. Any help would be appreciated.
Permalink Reply by Pat Patrick on November 5, 2010 at 3:08
Just recieved email that land East of Bernice (Shilo area) leased for $300 acre/3 years. Offers getting better.
Permalink Reply by Cortez Fields on November 5, 2010 at 6:32
Thanks for the information. Do you know who is leasing besides Pinebelt?
Permalink Reply by Pat Patrick on November 5, 2010 at 9:06
I have only heard of Pine Belt and don't know what oil/gas company they are working for.

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