Stonewall,
We own about 100 acres SouthEast of Stonewall. Right now, we have Chesapeake and Petrohawk approaching us to lease. They are coming in around $5,000 per. acre bonus money, and 1/4 Royalty position. Sounds like that area is still under valued based upon reports I've been seeing of $10-15 K on Bonus money to the North. Any thoughts of where it will go in this area; I am presently waiting things out, but, still staying in touch with the Landman.
Thanks,
Shelby
Mr. Griffin, thanks for your input and for the contact information for Section 19, a small part of my land does cross over the Sect. 19 boundary and I will probably give them a call just to see what is going on. For your information and you might already be aware of this, but I went to the Helpful Links section on this site homepage and clicked-Minerals, Lease Sale and Tracts and scrolled down to Tract #39963 which brought me to Caddo Parish and found that as of July 9, yesterday, the top lease prices in Caddo where in the $27-30,212.00 per acre amount. Just down the page below Caddo was DeSoto which showed that in Sections 15,22,27,28--T11S, R2W the top amounts were $23,575-27,512.00 per acre with .250 to .275% royalties, so as you can see, interest in the area and lease amounts are skyrocketing!
I will check, but I don't think so. You may need to copy and paste it. Though they are always looking for ways to improve the site...I will pass this idea on.
shelby
We own about 100 acres SouthEast of Stonewall. Right now, we have Chesapeake and Petrohawk approaching us to lease. They are coming in around $5,000 per. acre bonus money, and 1/4 Royalty position. Sounds like that area is still under valued based upon reports I've been seeing of $10-15 K on Bonus money to the North. Any thoughts of where it will go in this area; I am presently waiting things out, but, still staying in touch with the Landman.
Thanks,
Shelby
Jun 14, 2008
Rick
Jul 10, 2008
Keith Mauck (Site Publisher)
Dec 2, 2008