Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 23, 2008 at 4:52

ETO, do you think that the results of the DNR/OOC auction of public lands offered for lease, which will be announced on Oct. 9, will support the decline in bonus amounts? Since the September auction was canceled, the next should represent significant acreage in numerous parishes. It is my understanding that the acreage offered is included by request of E&Ps and governmental entities. As such it might be an imperfect barometer as the tracts bid may not represent the market value of all tracts in the general area. The auction results are of interest as they are public record and therefore the only reliable report of lease terms that most of us are privy to.

• ▶ Reply

Permalink Reply by ETOilman on September 23, 2008 at 5:07

Skip...I do not know. There could be new players that will pay more for the sale. If the prices are high, then my assertion obviously will be incorrect. I just know that our clients have decided to develop for now the acreage they have acquired and have put the brakes on additional leasing. In XTO's case, they have stopped in Texas (Harrison County).

• ▶ Reply

Permalink Reply by Greedy Landowner on September 23, 2008 at 5:13

Oh my god, what will I do...should I call up the landman who I turned down and beg him to please let me signed for what he offered me. He told me that the show was over on this shale business, I really should have listened to him. What a foolish mistake on my part...IMHO

• ▶ Reply

Permalink Reply by ETOilman on September 23, 2008 at 5:21

Like I said...just sit tight.

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on September 23, 2008 at 5:36

JB, the lesson that I take from these developments is patience. That and staying informed. Knowledge is power. And the show is not over by a long shot. Good Luck. Skip

• ▶ Reply

Permalink Reply by Greedy Landowner on September 23, 2008 at 7:50

I should have made my sarcasm a little more obvious I suppose. Sorry...I'm unleased.

• ▶ Reply

Permalink Reply by ETOilman on September 23, 2008 at 8:31

I did detect, ahem, just a TAD of sarcasm there. In the ebbs and flows of the oil and gas business, just a little bump in the road. The potential of the Haynesville is there. I would not be one bit concerned about not leasing unless all of my neighbors had and forced pooling became an issue. Otherwise, it will turn around...based upon the election results. Yeow!!

• ▶ Reply

Permalink Reply by Greedy Landowner on September 23, 2008 at 9:15

I will certainly say that this board has slowed way down. I sort of got into the habit of checking it routinely but aside from the info released by chesapeake yesterday there really isn't much coming out. I spend more time on sonris than here because they seem to be permitting numerous shale wells daily. I get more out of awaiting a permit for one of the sections that I have land in.


I would like any educated guesses on this one. I leased some property in may for the same 3yr. with 2 yr. option that everybody else has. Ten percent of that section is not leased and it looks as if it is not going to be leased. The property is in the south desoto/north sabine area. What odds would you give me on it going undrilled before 3 years is up?

• ▶ Reply

Permalink Reply by J W on September 23, 2008 at 13:35

JIM BEAM WHERE DO YOU GO ON SORIS TO LOOK FOR PERMIT? I LIVE NEAR CROSS LAKE SEC 33.THANKS IF YOU CAN HELP.

• ▶ Reply

Permalink Reply by Two Dogs, Pirate on September 23, 2008 at 13:38

Sonris lite wells by Section, Township and Range.

• ▶ Reply

Permalink Reply by Tommy Springer on September 23, 2008 at 15:45

not when you hear of 18 million cubic ft. per day at 8.00!

• ▶ Reply

Permalink Reply by RAY on September 24, 2008 at 3:48

as long as Chesakpeak is still active in the less potent Barnett-Shale,its just a matter of time before they turn to us. [excerts from 9/23/8]

Chesapeake’s outlook doesn’t seem to have dampened its interest in acquiring mineral rights leases in the Barnett. Last week, a River Oaks property owners group said Dale Resources, acting on behalf of Chesapeake, offered a lease paying a bonus of $25,000 an acre and a 25 percent royalty, near other top offers in the field.

• ▶ Reply

• ‹ Previous
• 1
• 2
• Next ›
• Page