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Comment by Nancy Stewart on October 28, 2008 at 15:58

Jim, I have the "other" half of the acreage Harper and my father, Beverly Colvin, bought and later split. I have been approached by the same company with the same offer. I will probably be ok with this as I would really like to see some activity again in this Mt. Olive oil field. There was a bit of production in this field about 20 years ago. You say here in DFW in your comment, I also live in the Dallas area. I am from Bernice but I try to keep informed of all activity in Union Parish.

Comment by Jim Hodgson on October 28, 2008 at 12:55

I am new to this forum and found you looking for information on leases in Union Parish. My sisiter and I inherited 65 acres in Union Parish from Harper and Katheryn Colvin 20 or more years ago.

Last week I was approached by a landman from Manna Aquisiitons in Monroe, representing Greystone in Houston. They are offering $200 per acre and 20%. The contract looks a lot like ones we have been seeing here in DFW for Barnett Shale. It includes a restoration clasue.

Commnets or suggestions?

Comment by William W. Lynn on October 20, 2008 at 14:43

Let us hope that the O&G companies are like the Tigers. Last week they really stunk up the place, but this week made a great comeback and moved up a couple of spots in the polls.......perhaps the O&G folks have stepped back to take a breath, then will come back with renewed focus, renewed energy and refilled leasing coffers......nahhhh, probably not. There have been some "inquiries" around Bernice, but I don't know that any offers have been accepted lately. Bad economy or no bad economy, the offers I heard were down around the level of five or six years ago. I doubt they got many takers. Better to let it sit in the ground than to give it away. You can bet the product won't be sold at giveaway prices to the consumer, so why should we lease at giveaway prices?

Comment by William W. Lynn on October 17, 2008 at 15:56

JT.....I was off the mark on lease offerings near Bernice.
I re-read my email and the offer was $150 and 20%.
Not much there, and it won't get me off the couch to turn it down. Our mineral rights are a five way split among two brothers and three adult children of ours.
I own most of the land and my brother and I jointly own a few acres in Union Parish. I don't see this going anywhere for a while, but once the economy settles down, and/or a colder than normal winter hits the north east, somebody is going to need all this gas we have. I just hope I don't die of old age before it happens.

Comment by William W. Lynn on October 17, 2008 at 2:06

All excellent ideas, especially the environmental cleanup. I have spent many days cleaning up after timber crews cut marketable pines. If there is ever another round of timber sales, there will be an agreement in writing that when they leave, the pine stumps go with them and the holes will be bulldozed over. I have never seen a timber operation that was not an environmental disaster, especially the clearcutting that is favored in north Louisiana.
While we don't have any kind of formal group to work with landmen and the O/G companies, we do have several people who stay in touch. Because of my last experience with a landman, I have become very leery of anything they say. I'm sure there are a number of them who are honest and forthwright, but my personal experience with them has been less than one would expect in an above board business relationship.
Our family group has agreed that (1)all of us agree on
any leasing offer or none of us agree and (2)because of
the actions of Chesapeake on reneging on signed agreements, we will not accept a company draft for any payments. If they cannot provide a certified check, then we assume they don't have the funds to back up
their offer. (3)If the landman wants any type of option, we will consider it but it will be very costly, and it must be prepaid with certified funds. That should go a long way toward reducing the BS that is getting deeper and deeper in this little game being played.

Comment by William W. Lynn on October 16, 2008 at 16:48

JT....it's a bit south of Lillie, but Greystone has been making inquiries in close to the west side of Bernice.
According to a friend of mine, she had an offer that she thought was low and has not taken action on it yet. She was thinking about a counter. Will have to see how that turns out. Do you know if anyone has countered a low lease offer with an acceptance of the bonus, but countering with a higher royalty figure, i.e. 30% versus the going rate of 25%. With leases in west Union now
apparently getting offers of $350 per acre compared to the bank busting per acre money that was/is being offered over in Bossier Parish, I was wondering if the long term royalties might outweigh the quick cash of the lease bonus. Comments or ideas????

Comment by William W. Lynn on October 15, 2008 at 14:10

Hey, guys. This is Bill Lynn, formerly of Bernice. Until we moved to SW Missouri, I ran the winery in Bernice. Anyway, the man who has leased the winery building from me called a couple of days ago to let me know that a gas well is being drilled on the far west side of the parish just south of Hwy 2 about half a mile from the Claiborne/Union parish line. I don't think drilling has commenced yet, but it won't be long. I have a high school classmate who has property near the chip mill and she was contacted about a lease, but the offering was not all that great, so she has passed for now. I have property that straddles the parish line on both sides of Hwy 2, so this new gas well about a .30-06 shot to the east has really caught my interest. Will keep you updated as I get info from the old home town.

Comment by saphire on October 4, 2008 at 10:40

We have 7 1/2 acres in Downsville and 4 acres in Spearsville. We have heard of any leasing in our area of $1500. per acre, If anyone knows anything
about this please share the info.
My sister in Desoto parish just leased for $22,500. an acre. She hired an atty.
to go over the lease, he made several changes. She was only charged $100. and has a lease that states her property cannot be drilled on are used as access to the well.

Comment by North LA on October 2, 2008 at 10:23

I have about 20 acres close to Lillie. I think it will be awhile before anything comes up our way so it's a good time to learn as much as possible. If you want to help speed things along then write your representatives and ask them to implement CNG or some other form of natural gas for a transportation fuel.

Comment by North LA on September 23, 2008 at 11:48

I know the shale and sand are different but thanks for pointing it out. In my opinion this whole play is more of a Jurrasic play than just the Haynesville Shale. If you look at the deep bossier play in East Tx you'll see what some of these Jurrasic formations can produce. If the Bossier Shale/Buckner/Smackover/Haynesville sand/Deep Bossier sands have a high hydrocarbon load then they will be just as good if not better than the Haynesville Shale. I'm hoping the resource formations beneath NELA are just as good as in NWLA. I have a funny fealing they will be. The gas from the Monroe gas rock came from one of these sources and I think sooner or later they will be looking for that source formation and try to tap it.

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