I own about 100 acres in Shelby Co, Texas- and I also have five properties in the Barnett Shale - in North Texas. The first lease I signed with only got $2000 per acre in August' 2007. I signed my second lease in April'2008- and we received checks on the day of signing (not drafts) for $23,000 per acre with a 25.5% for a 3 year lease- which is renewable after 3 years with an additional cash bonus at that time of 3/4 of the initial bonus. Prices continue to go up ... now landowners are getting $28,000 to $30,000 per acre.
Remember early production numbers in the Haynesville Shale indicate that this play is much more productive than the Barnett Shale- in North Texas. BE PATIENT- WAIT BEFORE YOU SIGN A LEASE.
Conservatively- O&G Companies will make a $1 million per acre net of their costs -over the life of the Haynesville play. O&G Companies will recoup their costs within 30-45 days of drilling- then they will reap windfall profits. Why shouldn't the landowners also earn a LARGE PAYDAY- more than $30,000 per acre with- Royalty of 30 percent for the initial 3 year term???