Replies to This Discussion

Permalink Reply by Henry on February 3, 2010 at 6:36

I have heard of a few offers over $10k/acre. But it depends on location, size of your tract, etc.

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Permalink Reply by kittycatmama on February 4, 2010 at 15:17

I know for a fact $10,000 an ac. was pd. in Grand Cane area last wk of Jan. 2010 on a small tract. Also, some of the major gas companies are doing leases on 50% minerals owned. I have friends who have an offer on table for $3000 an ac. for their 50% mineral ownership

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Permalink Reply by Michael Richardson on February 3, 2010 at 7:02

Thanks for the replies. For what it is worth, it is a 200 acre tract in the northern part of section 4 T12, R16. We have leased this land numerous times over the years and the current lease is about to expire. The offer was $750/acre and 20%. Sounded low to me.

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Permalink Reply by Henry on February 3, 2010 at 8:05

Michael,
Comstock just reported a really good well in 15-12-16. It is #239849 on sonris. No matter what, you should demand 25% royalties -- don't settle for less. You are likely also sitting on top of the Mid-Bossier Shale. Go read the Petrohawk presentation that is on the main board on this site, and you'll see that. As I said, I know of others who have, in the last month, gotten at least $10k/acre for tracts of this size. Good luck.

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Permalink Reply by JD on February 3, 2010 at 9:33

Henry, I have heard the same thing. For both plays $10,000 has been offered recently. My advice is don't try to lease to Jay. Sounds like he wants to low ball.

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Permalink Reply by kittycatmama on February 7, 2010 at 13:15

Jay we recently bought a small acreage in Sec. 21 of 14/15 Desoto with unleased minerals. Highest offer has been $6000 an ac. Our friends with 5 ac. in Grand Cane just got $10000 an ac. from someone other than operator of the well. Your opinion. We turned down the offer and are waiting for a well to be drilled. We said our minimum would be $10000 an ac. as from the Petrohawk maps, both Haynesville and Bossier are in this area

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Permalink Reply by BirdDawg, plain ole' idiot on February 4, 2010 at 16:32

John D,
You might want to pull your head out of your anal sphincter. You, my friend (using the term loosely) do not have a clue.

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Permalink Reply by Johnny Walker on February 3, 2010 at 10:07

25 percent is standard in most leases today. I would expect lease prices in Desoto to be anywhere from 5 to 10 thousand. It all depends on the production around your property.

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Permalink Reply by Missy on February 3, 2010 at 16:17

Henry,
I am holding out on a few small lots and Skip did give me alot of great info. My question now is about the pre-appl. hearing notices that we all receive when they are applying for a new unit. (i think). There is always a paragraph in there about the co. wanting to 'force pool all the smaller, unleased...' Will I be offered again, before they force pool my small lots?

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Permalink Reply by Henry on February 4, 2010 at 0:50

Missy,
All mineral owners in the section, whether leased or unleased, large or small, are forced into the pool to form the unit. That's standard. You may lease at any time -- before or after drilling begins.

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Permalink Reply by ken hatcher on February 5, 2010 at 4:32

Henry, where is your land located?

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Permalink Reply by Henry on February 5, 2010 at 7:01

Southern DeSoto

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