Replies to This Discussion

Permalink Reply by Donna Taylor-Kilfoyle on May 8, 2010 at 15:25

it is 100.0 acres total, split among relatives. mine and my brother's is about 13 acres. so mine is 6.5 acres, $13,000.

Permalink Reply by DJG on May 8, 2010 at 13:31

That Ellington Ellora well did have a decent IP at a bit over 7 mmcfd and has been producing strongly.

EOG is actually the operator as they are in a joint venture with Ellora on that land and they are the ones who oversaw the deeper horizontal completion of this well.

Permalink Reply by little ole 1st grade teacher on May 8, 2010 at 3:35

Where are you located in Shelby County?

Permalink Reply by Donna Taylor-Kilfoyle on May 8, 2010 at 5:08

the land is in Shelbyville!

Permalink Reply by LJW on April 19, 2010 at 4:36

Just curious but we got an offer of $150 an acre for leasing acreage in Jesse Sullins survey. What does anyone think of that?

Permalink Reply by Spring Branch,mineral owner on April 19, 2010 at 22:28

What area of the County is that, LJW?

Permalink Reply by LJW on April 21, 2010 at 2:47

just outside of Tenaha to the NW

Permalink Reply by shelbyco on April 25, 2010 at 14:45

You should be in a much better position to assess things after the results of the Lane #2 (recently drilled in Sullins) are announced. Also, Devon just did some leasing about 2 miles south of Timpson.

Permalink Reply by MARG on April 24, 2010 at 19:17

I know nothing about the survey, location, or anything else; however, I do not think that is near enough. I wondered if you were joking.

Permalink Reply by LJW on April 26, 2010 at 3:02

Not joking at all. Thanks to all for answering and advice.

Permalink Reply by amigo1 on May 25, 2010 at 12:28

Have you been leasing your land? I have some and it was leased and now I am finding out that the co will
no re-lease it. Not sure of what is going on since the "hype" is there. Is that just oil company talk or should
we get in on the monies?

Permalink Reply by George Wright on May 27, 2010 at 0:59

Our property (56 acres) is in the J.B. Tutt survey (A-725) SE of Timpson on CR 1645.

Alan C. Prigge & Assoc. (representing Devon Energy production Company, L.P.) have been calling/offering since last September. Initial offer was 1k per acre, went to 1.25k per acre in March, and are now offering 3 year, 1.5K per acre and 22.5%----with this latest offer, they are expressing the need to "get it done as soon as possible".

I think the bonus offer is reasonable (any thoughts/input?), but this "need for speed" has risen a red flag for me. I have the lease agreement being perused/emended by a competent oil/gas lawyer.

Comments welcome,
George Wright
210 748 4693

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