JHH. Just to help you understand what is going on with the city minerals and the value they command. Consider the following: Companies have been actively leasing residential and commercial properties within the city limits of Shreveport for eighteen months. That investment is worth more when they have the city properties that help make the leasehold more contiguous. And gives the winning bidder an advantage over those competitors holding urban leases. I believe the winning bidder considers the price paid to be quite reasonable. And it is 478 acres. Although landowners tend toward the opinion that on a per acre basis, one acre is as valuable as 100 in the same general location. The operators don't think, or do business, that way.
JHH, Lumberjack showed up on GHS sometime back. If you use the key word, Lumberjack, and use the search box that appears to the right of My Page in the task bar below the GHS logo on any page, you can pull up those old discussions. There was some pretty antagonistic back and forth but I stand by what I posted then. Lumberjack Energy is registered as operator with the State of Louisiana, I don't know about Texas, however after all this time the company has zero wells in LA. I think this guy is simply looking to flip leases. That's not illegal but I would be very careful concerning the depths I would consider leasing to him. I would never grant an "all depths" lease to someone like this.
Skip Peel - Mineral Consultant
Oct 17, 2009
Skip Peel - Mineral Consultant
JHH, Lumberjack showed up on GHS sometime back. If you use the key word, Lumberjack, and use the search box that appears to the right of My Page in the task bar below the GHS logo on any page, you can pull up those old discussions. There was some pretty antagonistic back and forth but I stand by what I posted then. Lumberjack Energy is registered as operator with the State of Louisiana, I don't know about Texas, however after all this time the company has zero wells in LA. I think this guy is simply looking to flip leases. That's not illegal but I would be very careful concerning the depths I would consider leasing to him. I would never grant an "all depths" lease to someone like this.
Feb 9, 2018
Skip Peel - Mineral Consultant
We can't protect everyone. People have to own their decisions. Thanks for posting this.
Feb 9, 2018