Replies to This Discussion

Permalink Reply by ken hatcher on June 29, 2010 at 16:15

Just do not get to caught up in the conspiracy theory and no what time it is. Not easy to do sometimes.

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Permalink Reply by The_Baron on June 30, 2010 at 9:55

The diference is the term "resource play"

Big companies can sell resource plays on Walstreet, and thus spend more $$$.

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Permalink Reply by Tree Farmer on June 30, 2010 at 13:28

Could you define resource play for me. I was not familiar with the term when it was told.

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Permalink Reply by Two Dogs, Pirate on June 30, 2010 at 13:36

This is what we got. Lets Drill, anyone want to jump on board.

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Permalink Reply by young land owner on June 30, 2010 at 3:40

Hey, Im getting 26% signed for 25,000 an acre. Signed in july of 08. Section 17,18,8, 16n 15w. getting royalty on 17 should start getting checks on 18 soon. Section 8 is not complete.

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Permalink Reply by S.H.M. on June 30, 2010 at 3:44

Congrats!!

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Permalink Reply by Highflyer on June 30, 2010 at 12:55

Could you tell me where this land is in Webster that leased for $7500 & $11,500.
Also who leased it? I was offered $1500/acre in southwest Webster a month ago and have heard of no one getting larger offers. Petrohawk and BEUSA are the only two I know of in South Webster.
Sections/ Townships/ Ranges?

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Permalink Reply by Tree Farmer on June 30, 2010 at 13:26

Unfortunately my friend who was part of the conversation did not learn the exact location in Webster Parish or the date of the lease. It may have been during the frenzy of 2007-08

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Permalink Reply by adubu on June 30, 2010 at 14:20

as said many times people worry do much about the bonus money and tax man going to take 35% of it up front. If you are in a proven core area (good wells already drilled in close area) your MONEY IS IN THE GROUND and only way to get it is TO DRILL and you want someone too do that for you. PAY ATTENTION TO LOTS OF GOOD ADVISE FROM THIS SITE, you want ROYALTY WITH ALL THE GOOD TERMS AND CLAUSES. See your oil & gas attorney and let him write your lease with at least 25% royalty. If I was in hot area I think I would give them free no bonus lease if I could get all the good terms with 25% royalty if they would drill well within one year. Lease ONLY to proven operator who can drill the well like XTO CHK HK COG EXCO EOG DVN COMSTOCK etc.---------IMHO- wish I had minerals in this area of discussion.

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Permalink Reply by J B Nabors on June 30, 2010 at 17:44

Be careful of BEUSA. My cousin has some land they developed -- with a vertical Haynesville! They may hold that lease forever without further development, and production is very limited. He has NOTHING good to say about them.

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Permalink Reply by Henry on July 1, 2010 at 2:32

JBN,
Sounds like a case for Randy Davidson! Maybe your cousin can argue that BEUSA is not developing the property for the mutual benefit of the lessee and lessor, as the law requires.

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Permalink Reply by Highflyer on June 30, 2010 at 17:23

Only operator in my area looks to be BEUSA so bonus is all any of us will see in this area and their lease offer is way to low. BEUSA has yet to show that they know how to drill a well. I wish someone would buy them out. I will go unleased and hope for the best. It seems that every other operator can drill a HS well for 7 - 9 million, but BEUSA can't drill one for 30. I understand that an unleased mineral owner does not get paid until the well pays for itself so I may never see any money, but be damn if I will take 1500 when my neighbors were paid 6000 just a year and a half ago.
By the way, I did not turn down 6000 waiting for higher offer. I was never offered it in the first place.
I never was in the wait to sign group.

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