Replies to This Discussion

Permalink Reply by North LA on December 22, 2010 at 4:10

Where is the land in Union Parish? This probably wouldn't be a good time to sell unless the price is right. There is a lot of leasing occuring in the northern portion of the parish. No one really knows what the leasing is for but it may be a new oil play.

Permalink Reply by shaleshaleshale on December 22, 2010 at 5:30

do you mind sharing what the offer was for per acre and who is making the offer?

 

 

Permalink Reply by Aubrey C. Sanders, Jr. on December 22, 2010 at 6:10

I think you should not be surprised at the offers to buy. I have had frequent offers to buy my land in Webster Parish for at least 25 years. There is always a market and there are always buyers looking for a deal. And usually targetted owners have very little knowledge of actual value of land. Does property have timber? What is timber value? What is real value of minerals? Until you get real professional advice those things are unknown. I would not sell my land in Webster Parish for any amount of $. You will find some good info on this site and some not so good.

 

By the way I am absentee landowner in AZ but  see my land at least 10 times a year.  My advice is GO SLOW!  GOOD LUCK> MERRY CHRISTMAS

Permalink Reply by Mary Alison Anders Knighton on January 3, 2011 at 18:57

If I were you I would hang on to my property and all that goes with it.  Are they looking to purchase or lease? There is a big difference.  Whatever ya do don't sell out. Leasing is different  and ya must have a lease that protects you.

Permalink Reply by deangelo bragg on January 4, 2011 at 3:51

lease to protect me please explain???? also this is a sell offer.

Permalink Reply by shaleshaleshale on January 13, 2011 at 4:39

i think mary is saying that there is a lot of oil and gas leasing going on currently in the parish. Do you know if you control the mineral rights under your property? if so you might want to reserve those rights for some time in case someone wants to lease the land and finds something of value. I believe in LA. you can sell your land and reserve the mineral rights for a 5 or 10 year period....

Permalink Reply by Two Dogs, Pirate on January 13, 2011 at 5:49

If you state in the contract that you are reserving minerals for 10 years then the minerals will go to the buyer in 10 years. If you reserve minerals without stating a time frame then the minerals will revert to the buyer in 10 years unless there is production. If you have production the minerals will be held for as long as the well produces. When the well stops producing the 10 year time starts to run.

Permalink Reply by deangelo bragg on January 13, 2011 at 8:45

hey this is great info thank you.

Permalink Reply by 2yddy2rsrm3o2 on April 12, 2011 at 12:47

We received a lease offer from Pinebelt - but didn't go with the offer...waiting to hear back...

Permalink Reply by North LA on April 12, 2011 at 13:23

Where is your land and what was the offer? Thanks

Permalink Reply by 2yddy2rsrm3o2 on August 29, 2012 at 13:06

We too live in California, but have not had any offers for land or lease...Property is near Farmerville.

sc

Permalink Reply by 2yddy2rsrm3o2 on January 5, 2013 at 14:35

Deangelo,

We too live in California with family property in Union...I say hold on!

Scott