Pinebelt Leasing

Just got call from Pinebelt wanting to lease small amt of acreage for $200/acre, 4 yrs w/4yr renewal @$200 per acre...they would not say if they were looking at oil or gas...is this a typical offer?

Views: 72

Replies to This Discussion

Permalink Reply by North LA on June 23, 2010 at 14:25
That has been typical in the area. What was the percentage?
Permalink Reply by Christine Thompson on June 24, 2010 at 2:15
They offered 20%.....the guy indicated that Pinebelt is trying to tie up as much of the Parish as possible ...do you know what they are going for?
Permalink Reply by JB13 on June 24, 2010 at 3:36
The Brown Dense is what I have been told.
Permalink Reply by Marc Stepman on June 24, 2010 at 3:44
Does the Brown Dense formation extend all across the stateline area?
Permalink Reply by Mary Alison Anders Knighton on June 28, 2010 at 11:49
I would trust Pinebelt. I signed with them. I don't totally know what they are looking for, but I know it is a new thing. This is a typical offer, however it depends on your land and location.

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