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New leasing in San Augustine
12 Replies

I have negotiated a lease for my 43 mineral acres in San Augustine County , E.P. Richie, A-238, in Wm. Clark, A-83 and John Howard Survey A-130 and J.A. Brooks Survey, A-65.  They started offer at…Continue

Started this discussion. Last reply by Skip Peel - Mineral Consultant Jul 31.

 

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Mike replied to bel's discussion New leasing in San Augustine
"Thanks Skip.  That’s going to help.  "
Jul 31
Mike replied to bel's discussion New leasing in San Augustine
"Thanks for posting your offer. As an unleashed mineral owner this helps.   Seems like in this era of multi-laterals, more de-risk areas, gas prices of over $8 at this posting, 2 formations or more to drain, and good access to LNG ports, the…"
Jul 31
Mike replied to bel's discussion New leasing in San Augustine
"Pine wave has recently permitted two wells in northeast Sabine County.  They have another in San Augustine.  "
Jul 31
Bill R replied to bel's discussion New leasing in San Augustine
"Wyotex Oil and Boss Hogg are the current companies showing the most interest in ours, there is another, but he is a Landman representing a 'undisclosed' interest... the last time he contacted us, he was representing BPX. "
Jul 30
bel replied to bel's discussion New leasing in San Augustine
"It says ETX Land Acquisitions on behalf of Pine Wave Energy Partners.  You know I’m advised not to do a two year option, but wondering even if they are offering $1500/NMA?  Guess I’m not understanding that completely."
Jul 27
Bill R replied to bel's discussion New leasing in San Augustine
"Yeah Baby... DRILL We have Phelps A223, JH Rodgers A236, W Clark A83 and SW Blount A415 above and West. Then SPRR A564, SPRR A566 and O Hendrix A127 below and West. And then to the East we have S Stedham A252, JH Kirby A586, JV Massey A397, J Hanks…"
Jul 27
bel replied to bel's discussion New leasing in San Augustine
"They told me there were to the left of me drilling and that they were moving to mine next.  Don’t know if he was fluffing or not.  What kind of offers were they making to sell minerals?  "
Jul 27
Bill R replied to bel's discussion New leasing in San Augustine
"Interesting - I have gotten some almost incredible offers on two of our Producing units, Chinaberry and Phelps. I have also gotten several offers for our Family Holdings both above and below you, so far all of these offers have been to purchase.…"
Jul 27
bel posted a discussion

New leasing in San Augustine

I have negotiated a lease for my 43 mineral acres in San Augustine County , E.P. Richie, A-238, in Wm. Clark, A-83 and John Howard Survey A-130 and J.A. Brooks Survey, A-65.  They started offer at $750 MA, Went to $1500. Per MA. 1/4 royalty.  Does anyone know if this is the going price?  See More
Jul 27
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San Augustine County

I am a newbie, I know the survey and number for 4 separate tracks of land. Just have mineral rights. How do I go about finding out where this property is located. Cabot oil is wanting to lease. I have total 862 acres. They are offering $1000. per net mineral acre with 1/4 royalties. What do you think. Help!!!

Posted on February 1, 2010 at 12:07 — 5 Comments

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At 23:26 on February 1, 2010, Austin Eudaly said…
Barbara, no problem, the RRC site can be tough to navigate.

These tracts appear to be 4-6 miles south of the town of San Augustine, very near Highway 147. They are in a solid location for future production in my opinion.

I'm curious, did the lease offer state that you owned that many net mineral acres, or just that you owned an interest in the 800+/- acres?

On a side note, if you are interested in receiving alternative offers besides the current offer you have, I would be happy to take a closer look at your interests and see if other operators that are active in the area would be interested in making an offer as well.

Best,

Austin Eudaly
Austin.Eudaly@gmail.com
At 18:13 on February 1, 2010, Austin Eudaly said…
Barbara, regarding your mineral interests in San Augustine County: do you have the abstract numbers that the minerals are located in? I usually use the Texas Railroad Commision's website to determine location. This can be looked up by searching by survey/ abstract.

Depending on where the minerals are located at will determine what is a fair bonus price at this point. I would say that the closer your mineral interests are in relation to the town of San Augustine the better.
At 13:11 on February 1, 2010, bel said…
Hello! I hope the site is a place for you to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. Since then, we have grown to over 10,000 members.

There are a couple things you should check out. 1) Check out current discussions. 2) Join in on the County and Parish Groups. By joining a County or Parish, you are networking locally with people who share similar concerns.

Be sure to read up on how to navigate the site HERE. This will help you get the most out of the site.

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As a member, should you ever be on the recieving end of crudeness, rudeness or spam, let me know. The site is a peered monitored site and we need your assistance.

best,

Keith "Haynesville"
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