Friends of mine who own minerals in St Helena Parish (S42, T2S, R5E) were contacted by a land agent for Amelia Resources last week regarding leasing their minerals. Initial offer was a bonus of $80 / acre. I do not know what royalty was intended.Amelia Resources appears to be an LLC, which specializes in acquiring a package of leases concentrated in one area, and then reselling to a larger operator/producer. I notice that earlier this month Amelia sold a package of leases containing 83,000…See More
Joe was referring to two different parties with separate offers. Amelia's offer was on these terms:
"We also have a group wanting a free lease for a year so they can market the area." The area was marketed and…"
This does not sound like a typical Amelia offer. Also, it seems like Skip has conflated the terms of an offer in a prior area also worked by Amelia with another non-Amelia offer in his reply. Can you elaborate a bit on this?"
"For those who are interested in a no-cost clause that Chesapeake will honor, I suggest you contact Lake Hearne at Cook, Yancey, King and Galloway in Shreveport. My family settled a lawsuit against Chesapeake with a new lease which contains a no-cost…"
"We have been extremely pleased with EXCO. We Leased some minerals in Mansfield to EXCO. When I enquired about when we might expect royalties, they were surprised: CHK drilled the well, and did not even ask them to participate, so they did not know…"
"Re: "... even family partitions can get hairy..."
No kidding! Here we have 10 family members and ALREADY 3 separate attorney groups. At $250 / hour, that is 'eating' 1-2 acres per week.
( I would let the petitioners pay for the…"
"My first suggestion would be for other family members to buy the surface ownership of those wishing to partition, reserving the mineral rights of the sellers. Under current Louisiana law, the mineral rights would not prescribe until 10 years after…"
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More