Brown dense......leasing activity Union County,Union Parish.....EOG
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This is a post being sent to anyone having info on a shale fprmation called brown dense. There is a company called PINE bELT WHO IS RUMORED TO BE LEASING
several 300 to 400,000 acres in two counties in Ark. and one ....Union Parish ,La.
Is anyone selling leases?? If so ,what is the going rate?
EOG is spin-off to the old Enron company.
This lease asctivity seems to on a hush-hush basis.
Does anyone think this might be as big as any of the other shale plays? Jim B.
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Replies to This Discussion
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Permalink Reply by The_Baron on -
Sour gas contains Hydrogen Sulfide. Very corrosive and toxic. It will kill you. Expensive to treat and requires special equipment. Wells with sour gas may even need stainless steel pipe.
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Permalink Reply by Jimburgess on
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Pine Belt is steadily buying leases in Union County and Union Parish. Offering anywhere gfrom
#175 to $225 per acre ,3/16, 4/4 year lease..option
Has anyone received a better offer from anyone else or Pine Belt....Triad????
Jim burgess -
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Permalink Reply by Glen Bays on -
I leased my land in Eastern Claiborne Parish to PineBelt.
1/5, 3/3 year option. A better price than above.... -
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Permalink Reply by obed w odom on
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Pinebelt has also leased quite a bit of land in Sections 10, 11, 12, 13, 16, and probably others, of T23N R6W, Claiborne Parish. Terms were $300 per acre; 1/5 royalty ; 3/3/1 years.
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Permalink Reply by John Brewster on
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What bonus money did you receive?
John -
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Permalink Reply by John Brewster on
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Any more recent news on lease offers. I'm in Union County - was offered $175, 3/16ths, 4/4. Anyone get more?
John -
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Permalink Reply by WalterC on
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Is that in Union County? Who's paying that - Pine Belt or somebody else?
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Permalink Reply by WalterC on
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The most I've heard offered in Union County is $250/acre 4/4 with a 1/5 royalty.
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Permalink Reply by John Brewster on
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Thanks, that is helpful.
John -
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Permalink Reply by John Brewster on
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Walter:
Pine Belt (lease broker) denies that they have paid more than $175 and 3/16ths. Can you confirm the $200 and 1/5th terms? Who was the broker/lessee, if you can find out?
Thanks again for the help.
John -
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