Replies to This Discussion

Permalink Reply by Mary Alison Anders Knighton on August 4, 2010 at 16:34

Tis all a gamble. You are correct in what your saying. I really believe it's coming. I'm not a gambler and like to play it safe. I feel confident in what I signed. It's not over till the fat lady sings.

Permalink Reply by Mary Alison Anders Knighton on August 4, 2010 at 16:36

I know I am repeating myself..but, this is how I feel.

Permalink Reply by shaleshaleshale on December 22, 2010 at 5:28

Pinebelt is still offering leases. Same terms as have been discussed on here. $300 an acre 1/5 royalty for 4 years with 4 year option.

 

i wonder how much land they are wanting to tie up before they reveal who they are leasing for and begin drilling? they also mentioned in the offer that Plum Creek has agreed to these same terms.... 

Permalink Reply by shaleshaleshale on December 31, 2010 at 5:40

pinebelt filed nearly 1800 leases with the court house the other day....

Permalink Reply by North LA on December 31, 2010 at 6:25

"pinebelt filed nearly 1800 leases with the court house the other day...."

 

Does this mean Pinebelt has signatures and has paid the landowner or is this just an intent to lease?

 

BTW does anyone know for sure who Pinebelt represents?

Permalink Reply by Skip Peel - Mineral Consultant on December 31, 2010 at 7:42

It means that they have executed lease agreements, a real lease not a letter of intent.  A letter of intent is not legally binding and therefore would not be recorded with the Clerk.  Filing does not necessarily indicate payment of bonus rental.  Filing of the leases would however occur prior to them being assigned to whatever company or companies Pinebelt has been representing.  And an assignment could very well be a prelude to wider development.  The first fact of interest should be the location and extent of the leases as sheer number doesn't provide any detail.  Then you can start checking the courthouse for a future conveyance with Pinebelt as Vendor/Grantor.  Of course I feel sure the word of the company or companies will get around very quickly once that instrument is recorded.

Permalink Reply by North LA on December 31, 2010 at 8:33

thanks skip

 

how long did leasing occur in the HA until drilling started?

 

Permalink Reply by tony allen on December 31, 2010 at 8:06

Shale,

Which county or parish were the 1800 leases filed ?

Permalink Reply by shaleshaleshale on January 1, 2011 at 4:11

Union Parish, LA

Permalink Reply by tony allen on January 7, 2011 at 9:53

Shale,

Do you know when these leases were submitted and by which leasing co.Pinebelt just did 200 leases in Columbia co and 306 in Claiborne.They were all filed in a 2 week period.They have not filed any in Union Co. yet and I did not find any Triad leases filed in any of the courthouses.All 3 were still very busy with landmen.I was wondering how far east  they had leased in Union Parish.I wish I would have had time to go there myself to find out,but it did not work out.I did not see your message about Union or I would have made time.Thanks.

Permalink Reply by shaleshaleshale on January 13, 2011 at 4:35

tony,

i know they were filed in the middle or late December. Not sure how far east the leases go but since following their leasing activity since the spring/summer of last year it appears they started on the west side of the parish and are moving east.... 

 

 

Permalink Reply by william mitcham on January 13, 2011 at 15:50

THERE ARE A LOT OF VOIDS ON THE WEST SIDE OF UNION & EAST SIDE OF CLAIBORNE.

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