MOTHERLOAD PEOPLE OF SAN AUGUSTINE AND SABINE COUNTIES... ARE YOUR MINERAL RIGHTS AS VALUABLE AS LOUISIANA'S??? ABSOLUTELY!!!!
Thursday April 15, 2010
"April Louisiana Lease Sale Average Bid: $8,108
The Minerals Management Board held its monthly lease sale of state and government agency owned land yesterday. There were 15 parcels representing 277 acres in Bossier and Caddo Parish that 'seemed' to have Haynesville implications. Those leases went to Classic Petroleum, Questar and Merlin Oil & Gas for an average bid of $8,108. The weighted average was$9,458."
THE HIGHEST LEASE WAS 24.0 ACRES, BOSSIER PARISH, TOWNSHIP 17, RANGE 11, BONUS/AC $19,878, WINNERS MERLIN OIL AND GAS AND....ALL SHALERS IN THE HAYNESVILLE!!!!!
SHREVEPORT, LA (AP) April 22, 2010
LEASES BRING $2.1 M for CADDO, SHREVEPORT
"Mineral lease bonus payments in the Haynesville Shale natural gas area totaled more than 2.1million this past week for Caddo Parish and Shreveport.
Parish Government raked in another $1.3 million in advance payments as part of an agreement to allow oil or natural gas to be extracted. The state Mineral Board leased rights to about 165 acres of Caddo public property during its auction in Baton Rouge on Wednesday.
The 13 tracts averaged $7,907 per acre with a 25 percent royalty rate for any minerals drawn.
Shreveport will receive almost $835,000 for 87 acres The Times newspaper reported."
MOTHERLOAD PEOPLE UNITE FOR FAIR AND EQUAL LEASE TERMS!!!!!!!
"April Louisiana Lease Sale Average Bid: $8,108
The Minerals Management Board held its monthly lease sale of state and government agency owned land yesterday. There were 15 parcels representing 277 acres in Bossier and Caddo Parish that 'seemed' to have Haynesville implications. Those leases went to Classic Petroleum, Questar and Merlin Oil & Gas for an average bid of $8,108. The weighted average was$9,458."
THE HIGHEST LEASE WAS 24.0 ACRES, BOSSIER PARISH, TOWNSHIP 17, RANGE 11, BONUS/AC $19,878, WINNERS MERLIN OIL AND GAS AND....ALL SHALERS IN THE HAYNESVILLE!!!!!
SHREVEPORT, LA (AP) April 22, 2010
LEASES BRING $2.1 M for CADDO, SHREVEPORT
"Mineral lease bonus payments in the Haynesville Shale natural gas area totaled more than 2.1million this past week for Caddo Parish and Shreveport.
Parish Government raked in another $1.3 million in advance payments as part of an agreement to allow oil or natural gas to be extracted. The state Mineral Board leased rights to about 165 acres of Caddo public property during its auction in Baton Rouge on Wednesday.
The 13 tracts averaged $7,907 per acre with a 25 percent royalty rate for any minerals drawn.
Shreveport will receive almost $835,000 for 87 acres The Times newspaper reported."
MOTHERLOAD PEOPLE UNITE FOR FAIR AND EQUAL LEASE TERMS!!!!!!!
Views: 153
Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant on -
I see that the Caddo tracts I mentioned as receiving no bid are omitted which makes your average bonus bid higher and gives the impression that all tracts received bids. And I would further point out that the tract receiving the $19,878 acre bonus bid is in 16N - 11W, not 17N - 11W. To suggest that the Bossier bid has some relevance to any other area of the play in NW. LA. that is not in close proximity, much less to E. TX which is 40 miles distant at its closest, is to provide inaccurate and misleading information.
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Permalink Reply by sesport on -
Now, it sounds to me, Podnuh, what we've got going on here is your basic gender differences in mathematical views & reasoning (which, most recently, are being attributed to societal expectations rather than actual ability). In which case, it IS best to get several POV's and get a roundabout idea of the value.
And, yes, I agree that a balance of info is preferable.
You guys are too fuuunnnnyyyyy!!!!
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Permalink Reply by Cheerleader on
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Skip,
If I am interpreting your previous statement accurately and I am sure you will correct me if I am not, you are listing ONE Caddo tract [41354] that received a bid of $200.00 and two tracts [41380 and 41385] which received no bid. You state the average bid, for the remaining tracts, was $6,870. The difference between the article I am quoting and your interpretation of the average bid is $1238.00. Your attempt to downplay the bonus of $19,878, per acre, in relation to the DISTANCE from east Texas is irrelevant. Shall we start on the bonus money that has been paid recently in the Dallas/Fort Worth area??
Have a great Day!!!!
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Permalink Reply by Skip Peel - Mineral Consultant on
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Cheerleader, you can start on whatever you like. My response was to point out that the articles you posted were spun to the extreme positive and that by hand selecting some of the data, a very positive picture could be conveyed. And that by selecting other data a less rosy but still factual picture could be drawn. I review each month's auction as part of my land business. And I use data like the $19K bonus for the benefit of land clients where it is applicable. If I attempted to use it where it was not applicable, I would loose credibility. I know of other really eye opening lease offers but would never post them in such a way as to infer that they were what everyone should demand or expect. I also know of numerous tracts in prospective locations that have received no bids or bids < $3K in recent auctions. If a member were to rely on your posts, all of them not just this one, they would get a one-sided view that is not a balanced picture of the play. And distance is relevant. Very relevant/
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Permalink Reply by Skip Peel - Mineral Consultant on
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J.R. I'm not trying to win an argument. I'm attempting to inform members. Particularly those in E. TX. that might think that there is some relevance between events in Fort Worth and NE Bossier Parish.
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Permalink Reply by reallyoldguy on
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Cheerleader and jerry smith have worn me out in another discussion posted by Cheerleader, so Im going to try to stay out of this one. However, I will say this: GHS is a wonderful resource, for many land/mineral/owners such as my myself, due to the knowledge of some very reputable members such as Skip Peel, Jffree1, RBH...just to name a few. They deal strictly in fact; not emotion.
Emotional posts including words such as "Motherload", "!5K/acre", and "E. Texas", all in the same sentence, are only confusing to landowners who are trying to educate themselves on their land/minerals.
I would strongly advise, any landowner involved in this discussion(or any others), to pay close attention to any posts made by Skip Peel. I have have dealt with Skip, personally, on numerous occasions. Skips knowledge, and the time he takes to educate landowners is invaluable. The same goes for Jffree1! I would like to, personally, thank them both for the factual information they contribute to GHS!!!
Wish I could say the same for Cheerleader...
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Permalink Reply by Sarah on
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Thank you for your posts Cheerleader. I'm not on here often but stopped in because I was called by a company about minerals I just learned about in Sabine. I'm so glad you posted. Especially the Mineral lease sale results for Louisiana April 2010. I had no idea they were so high still in this ecomony.
Whether my family's minerals are worth that much, or even in the Haynesville shale, it's still good to know other people are prospering and getting good leases.
I hope you do well in your lease!
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reallyoldguy,
Other than the initial posting "RE: XTO" I have not made any additional comments on that particular entry. Unlike several of you guys who have been rambling on for several pages. You have been "wearing" your self out. Keep patting yourselves on the back!!! I find it interesting when "published" statements favorable to east Texas are repeated on this site you guys gang up as if some one is taking your first born away from you. Your position that certain terms are "confusing" landowners is insulting and very condescending. The term that comes to mind with your mentality is "steering" and I donot mean steering cattle. By the way..."you can take the woman out of Texas but you can't take the Texas out of the woman." Allow the readers all opinions and publications but that will entail being objective. Above all stop trying to beat the good people of east Texas into the submission of the oil and gas companies!!! and other than that....MOTHERLOAD PEOPLE OF EAST TEXAS UNITE!!!!!
P.S. I donot know "Jerry Smith". I have no idea who the Jurassic Exploration people are. But I do know to call someone "dumb" is cruel, disingenuous and is displaying the mentality that you are so smart and your so called "intellect" allows you to "steer" those you believe to be less intelligent than yourself.
No one works harder on this web site than jffree1 and no one appreciates his work more than I do. Readers appreciate him. Wish I could say the same for reallyoldguy...
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Permalink Reply by reallyoldguy on
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Cheerleader: You're absolutely correct, in the fact, that I have "worn myself out" with my replies to your posts. My fault...Its a complete waste of time bantering, back and forth, with you. Im going to address a few of your previous statements, and then I will no longer dignify your posts with a reply.
1. The term that comes to mind with your mentality is "steering" The only "steering" Ive ever done has been in rodeos, in and around, E. TX. Im just trying to "steer" E. TX mineral owners from believing that if they hold out for 15k-25K/acre that they wont/cant get drilled , anyway, because they listened to the likes of you.
2. "Above all stop trying to beat the good people of east Texas"
Im proud to say that because of my Great Grandfather's brilliance, as a petroleum geologist/TX wildcatter, I now own a significant amount of, what appears to POSSIBLY be, extremely valuable minerals in Nac/San Augustine Counties. Its with great pride that I visit the displays, in his honor, in the Kilgore Oil Museum. So..."beat up the good people of E. Texas"; I hardly think so!
3. "No one works harder on this web site than jffree1"
I would have to say that is the ONLY statement, of fact, that you've ever contributed to GHS! So why do you want to sabotage Jffree1's hard work with your emotional outbursts???
Finally, I'll make you a deal. Since you seem to think E. TX minerals are, at the moment, worth what you claim they are: Ive got 1300+ acres, E. Texas, acres that I will gladly sell you for 50K/acre.
Lets see you put your money where your pom poms are...
BTW...how is the weather in Manhatten???
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Permalink Reply by ken hatcher on
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Looks like there is only one way to settle this one and that is the way Hamilton and Burr settled theirs. Take ten paces turn.....just joking. The little duel has had its moments.
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Permalink Reply by reallyoldguy on
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J R Ewing: Correction...BODY(singular)). There will only be one. You cant win a shoot out w/ pom poms in your hand!!!!
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J.R. Ewing,
Why don't you stand in the center as we pull our guns from the holsters.....on your count to three!!!
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