Leasing land to oil companies

I own 60 acres of timberland in Vernon Parish. We recently received a rather low offer to lease our land at $150 an acre for 5 years with 20% royalties. I would like some input by other landowners who have received similar offers from oil companies.

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Permalink Reply by The_Baron on February 17, 2011 at 8:02
Personally, I don't like the 5 year term, but $150 & 1/5 is very good for Vernon parish.
Permalink Reply by lawrence on February 17, 2011 at 8:28
I WAS CONTACTED ALSO WITH THE SAME OFFER. WE LIVE IN THE PICKERING AREA. DOES ANYONE KNOW IF THIS INTEREST IN LEASING IS RELATED TO THE TUSCALOOSA SHALE FORMATION?
Permalink Reply by Checkmateking on February 17, 2011 at 12:28
definitely not Tuscaloosa
Permalink Reply by Spring Branch,mineral owner on February 17, 2011 at 13:49

I disagree with Checkmateking............It definitely is Tuscaloosa Marine Shale according to Mary L. Barrett, Ph.D., Professor Emeriti of Geology, Centenary College of Louisiana who presented at the Ark-La-Tex Association of Professional Landmen on Feb. 12, 2011.  "The mapped TMS trend runs east-west across central Louisiana and into Miississippi.  The TMS is fractured and over-pressured, and commonly live oil is present in its fractures.  Its abrupt resistivity increases in the section of interest (which) is believed due to active petroleum generation, a characteristic common to other source rocks.  A few old vertical wells are documented as producing from this shale.  Distribution of petroleum fields in this region suggest the peak oil to wet gas window may occur at depths of 12,000-14,000 feet.

How am I doing, Jay?

 

Permalink Reply by Skip Peel - Mineral Consultant on February 17, 2011 at 13:59
Show Off!  LOL!
Permalink Reply by Spring Branch,mineral owner on February 17, 2011 at 14:01
I can read as well as anybody!
Permalink Reply by Spring Branch,mineral owner on February 17, 2011 at 14:13
A map included in Dr. Barrett's presentation had the TMS sweeping in a slight arc from Vernon and Beauregard on the west side of La. and moving eastward through Rapides, Allen, Evangeline, Avoyelles, St. Landry, Concordia, Pointe Coupee, West and East Feliciana, East B. R., St Helena, Livingston, Tangipahoa, Washington, and St. Tammany.  Some of  listed parishes have only a portion of the parish in the trend according to Dr. Barrett's map.
Permalink Reply by Checkmateking on February 17, 2011 at 16:04
Well I stand corrected, never too big to admit when I am wrong, I thought the TMS was confined to the Florida Parishes, nice work Spring
Permalink Reply by Skip Peel - Mineral Consultant on February 17, 2011 at 16:52
SB, aren't you going to upload the map so we can all see it?
Permalink Reply by Spring Branch,mineral owner on February 17, 2011 at 23:10
Skip, come by my office and show me how!  I'd be glad to.
Permalink Reply by Checkmateking on February 17, 2011 at 17:16

Who is doing the leasing?

 

Permalink Reply by Dona Hopper Daniel on February 18, 2011 at 5:29
Swift Energy and I was told they are mining for Austin Chalk.

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