Sorry I haven't checked my comment wall in a very long time. I needed a break from all of the madness.
We have 255 acres in sec 20&21 T19N R06W and we also dealt with Continental Resources. They tried to pull one over us and send a landman to my uncle's house and get him to sign immediately. This was back in July. We politely declined because it was a 5 year deal and we felt we should just wait this thing out. I am very glad we did. We have some very nice completed wells around our area. When I say nice I mean wells producing 9805 mcf/Daily production. Sklar # 237957 We have not leased our land as of today. We feel that the economy will pick back up and the price of Natural gas will rise again. We aren't looking for $20,000 per acre, just a reputable company such as EL Paso, Comstock, Petrohawk, or possibly Sklar to come to us and say...lets make a deal. It might be next week, it might be next year. We'll be ready. By the way, Continental Resources has not drilled one well in the state of Louisiana that I know of.. I would be leary of working with them again just because of the way their landman treated us from the very beginning. I don't want to give out names and numbers for that land company because I do not reccomend them at all. We went with our gut on that one and hopefully we were right. I know we feel we made the right decision. I have heard that the leases they signed were never paid as well. for them to come back to you with 3/16 royalty is a complete insult. Minimum 25% Royalty period.
We have had 2 - 3D surveys completed on our land. Time is on our side. We also have land in Bear Creek, Beinville parish that EL PASO has been producing Natural Gas for over 30 years...so we know a little about how the process should go. Continental Resources should fire that land company they are using. That's strictly my opinion. Take it for what it's worth. Keep me posted on how your leasing goes and if I hear anything I will let you know!
I have 100 acres in sec20, T11n, R14w. is that where you are?
i live in Houston. i had it under lease to KCS which expired on Halloween. Whit Porter's landman (lady) contacted me in May about a top lease. we signed one in july- terms confidential, but sweet. Porter paid a draft for 25% of the bonus money in early Sept. I got the balance in early November. I think I timed it just right- pure luck.
CHK is drilling in sec 19. Sec 20 could be close down the road.
email cbillingsley@mcshouston.com
charley billingsley
I read your post above and I hope that you don't mind a question. Were you offered 27% on your royalties and $20,000 on your bonus? If you would like to read it and check your lease, I have some lease clauses posted on my page here on my Blog. some of these are clauses that I have not seen many people talking about but they are important. CHK has already agreed to every one of them in my lease but I have not signed yet.
TCB,
Have you heard anything else from JW Porter's? I would think that this week's reports would cause lease prices to increase. Have you been able to find out if anyone else in your two sections is also unleased? Who owns the other leaseholds near you? Are you considering pooling your lands with Kassi or another group to get a better price? Please let me know if you find out anything as there is no information coming out of my area. My landman slipped and let me know that no one else is unleased anywhere near me. Thanks!
Thank you so much. My dad is helping me,he is in the o&g biz,he has alot of small tracts that he has the mineral rights to here in desoto and Im gonna join with him. I think (dont know) I would get a better deal if I pool with lands that already have gas producing wells on it. Just a little hint if you go to the Dept of Natural Resources page and look under MINERALS then click on lease sale tract record, go down to page 3 track #39871, Manna Acquisition was the winning bidder on that tract. Look what they gave for that 258 acres $4,432,182.00 YES thats,$17,179 per acre.I know its in RedRiver just thought I would share with you. Thank you again and best of luck to you!!!
TCB,
I contacted you earlier about my land in sec 20, 11n, 15w. We live about 5 or 6 miles as the crow flies from your land. I am still dealing with JW Porters outfit for Chesapeake. Did I understand that you have been offered 12500/27% as a counter offer to your 15,000/27%? Could you please email me at pinderd@bellsouth.com or post a reply on my page. When they know that you know they can't pull one on you! Thanks, Cindy (Lanadan)
TCB DS3's Comments
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The 255 acres we have is in sec 20&21 T19N R5W
We have 255 acres in sec 20&21 T19N R06W and we also dealt with Continental Resources. They tried to pull one over us and send a landman to my uncle's house and get him to sign immediately. This was back in July. We politely declined because it was a 5 year deal and we felt we should just wait this thing out. I am very glad we did. We have some very nice completed wells around our area. When I say nice I mean wells producing 9805 mcf/Daily production. Sklar # 237957 We have not leased our land as of today. We feel that the economy will pick back up and the price of Natural gas will rise again. We aren't looking for $20,000 per acre, just a reputable company such as EL Paso, Comstock, Petrohawk, or possibly Sklar to come to us and say...lets make a deal. It might be next week, it might be next year. We'll be ready. By the way, Continental Resources has not drilled one well in the state of Louisiana that I know of.. I would be leary of working with them again just because of the way their landman treated us from the very beginning. I don't want to give out names and numbers for that land company because I do not reccomend them at all. We went with our gut on that one and hopefully we were right. I know we feel we made the right decision. I have heard that the leases they signed were never paid as well. for them to come back to you with 3/16 royalty is a complete insult. Minimum 25% Royalty period.
We have had 2 - 3D surveys completed on our land. Time is on our side. We also have land in Bear Creek, Beinville parish that EL PASO has been producing Natural Gas for over 30 years...so we know a little about how the process should go. Continental Resources should fire that land company they are using. That's strictly my opinion. Take it for what it's worth. Keep me posted on how your leasing goes and if I hear anything I will let you know!
Sorry for the delay..Jaybird
i live in Houston. i had it under lease to KCS which expired on Halloween. Whit Porter's landman (lady) contacted me in May about a top lease. we signed one in july- terms confidential, but sweet. Porter paid a draft for 25% of the bonus money in early Sept. I got the balance in early November. I think I timed it just right- pure luck.
CHK is drilling in sec 19. Sec 20 could be close down the road.
email cbillingsley@mcshouston.com
charley billingsley
Graphics provided by MySpaceGraphicsandAnimations.net
Change your designation.
Go to the photo
press the right button on your mouse.
click on Copy Image
Under Accessories in Windows you have a program called
Paint.
Open Paint, and Paste the Image and save it in Paint under Desoto Map.
Then go to My Settings under Your Page on this site.
click on Photo and upload it as your Photo.
I read your post above and I hope that you don't mind a question. Were you offered 27% on your royalties and $20,000 on your bonus? If you would like to read it and check your lease, I have some lease clauses posted on my page here on my Blog. some of these are clauses that I have not seen many people talking about but they are important. CHK has already agreed to every one of them in my lease but I have not signed yet.
As this is progressing Think about using the map of desoto that way when we look at your picture we instantly know you are in Desoto.
What do you think.
Easier to read.
Have you heard anything else from JW Porter's? I would think that this week's reports would cause lease prices to increase. Have you been able to find out if anyone else in your two sections is also unleased? Who owns the other leaseholds near you? Are you considering pooling your lands with Kassi or another group to get a better price? Please let me know if you find out anything as there is no information coming out of my area. My landman slipped and let me know that no one else is unleased anywhere near me. Thanks!
I contacted you earlier about my land in sec 20, 11n, 15w. We live about 5 or 6 miles as the crow flies from your land. I am still dealing with JW Porters outfit for Chesapeake. Did I understand that you have been offered 12500/27% as a counter offer to your 15,000/27%? Could you please email me at pinderd@bellsouth.com or post a reply on my page. When they know that you know they can't pull one on you! Thanks, Cindy (Lanadan)
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