Webster Parish

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

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LEASE OFFERS IN NE WEBSTER BY MILLER LAND PROFESSIONAL

by Skip Peel - Mineral Consultant

May 22, 2012

I am receiving reports of offers by Miller Land Professionals in the NE corner of Webster along and just west of the Claiborne Parish line. 

MILLER LAND PROFESSIONALS, LLC Limited Liability Company (Non-Louisiana) JACKSON Active

Business: MILLER LAND PROFESSIONALS, LLC
Charter Number: 36832178 Q
Registration Date: 8/25/2008
Domicile Address
  974 E. FORTIFICATION STREET
  JACKSON, MS 39202-2423
Mailing Address
  974 E. FORTIFICATION STREET
  JACKSON, MS 39202-2423
Principal Business Office
  974 E. FORTIFICATION STREET
  JACKSON, MS 39202-2423
Registered Office in Louisiana
  200 WEST THOMAS STREET
  HAMMOND, LA 70401
Principal Business Establishment in Louisiana
  200 WEST THOMAS STREET
  HAMMOND, LA 70401
Status
Status: Active
Annual Report Status: In Good Standing
Qualified: 8/25/2008
Last Report Filed: 8/3/2011
Type: Limited Liability Company (Non-Louisiana)

Registered Agent(s)
Agent: THOMAS A. GALLOWAY
Address 1: 200 WEST THOMAS STREET
City, State, Zip: HAMMOND, LA 70401
Appointment Date: 8/25/2008

  • up

    Jon

    What are the terms of the offers?

    2

    May 22, 2012

    • up

      RMcMilleon

      I spoke to a rep with Miller Land Professionals this afternoon. They are offering us $350.00 an acre for 3 years with 20% royalty. If they haven't hit anything in three years, we will get another check with a lease extension of 4 more years, no option. Total contact of 7 years. This company is a broker company, the maim company is remainimg secret until they drill. This is what I was told today. Is this a fair offer for this area? I ask this because in the Caddo parish area, the price per acre was much higher with 25% royalty. Thoughts or comments are appreciated, since we are still considering this offer.
      Thank you.
      1

      Jun 11, 2012

      • up

        RMcMilleon

        Thank you skip peel and Mike, I really appreciate the advice. I'm afraid all the land owners around me will jump on this first time lease and miss a real opportunity. What will happen if I'm the only hold out with 10 acres in Sec. 23-23-10?
        Will they drill anyway and take my minerals right out from under me?
        1

        Jun 12, 2012