Pat. You answered me in a discussion thread. It took me some time to find it. LOL! Keith prefers that I communicate with members regarding business issues on our personal pages. When we get down to talking specifics, it needs to be by personal email. You will see no firm offers by me on the site as it may be read by others. The problem comes in when they want the same deal. Every situation and offer is different. And few would qualify for the offer I will make to you. If you wish to go forward with our discussion, please contact me by personal email at skippeel@gmail.com or by phone at 318-861-3633.
Pat. I have picked up two new investors both of whom should be a good fit for your property. Let me know if you are still interested in entertaining offers. Regards, Skip
pat. Not off the top of my head. It is my experience that the best lease offers are made just before a company is ready to begin the development of a section. Early offers are less. You are in an excellent location. If circumstances allow you to wait, I suggest that you do so. When an operator starts building roads and well pads in your section, it is a good time to start negotiating a lease. And in the future the economics will probably be better. And thus the value of your minerals.
Chesapeake has a public hearing set for May 5 to apply for Sections 3-6 & 8-10 of 13N - 13W of the Holly Field. The operator of a drilling & production unit encompassing your property must abide by the terms of your lease no matter which company you sign with. Sign with whomever you get the best terms from and feel comfortable with.
Pat. Two questions. Then I will have enough basic information to solicit an offer for your minerals. Do you own the surface? If not, when was it sold and do you have a deed that reserves the minerals? Regards, Skip
Pat. Just to be clear. The $10,000/acre valuation is for unleased acreage. You could lease your ten+ acres, keep the bonus and then sell the minerals. Of course leased mineral acres are less valuable and would probably command in the neighborhood of $7,500/acre. The question then becomes, would an O&G company offer more than the $2,500/acre difference. If you would care to proceed, I can contact a few investors with just the bare basics and see if I have an interested buyer. There is no charge to you. I make a small commission paid by the buyer. Regards, Skip
Pat. Chesapeake, SWEPI and Comstock have Haynesville drilling and production units in 9 sections of 13N-13W. EXCO is very active just to your north with 17 sections unitized. Red River - Bull Bayou is a good field in which to own minerals. As your acreage is relatively small, an operator may not get around to offering you a lease until drilling is eminent. If you are in a position to wait 6 months to a year, I suggest that you remain patient and wait for an offer to lease. Contacting the operators in your area is not a good idea. Unless you wish to receive an offer that is less than their best. If you would choose to sell, you could expect an offer in the range of $10,000 per acre at this time. It is not a good time to be selling as investors are cautious and values are down. I do not expect things to change until the fourth quarter of 2009 or the first of 2010. Skip
Pat. Do you know the section-township-range of your DeSoto property? I will let you know which operators are active in your area. And make some suggestions. Skip
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