Replies to This Discussion

Permalink Reply by don3833 on May 3, 2012 at 6:56

Skip,

Thanks for the input.  As always your info is extremely helpful.  I was contacted in December, 2011 by J B Land about leasing my 80 acres in Section 8,  T23 R13W.  In a subsequent conversation and proposed lease they offered $225/ ac bonus and 22.5% royalty. In January, I countered with a slightly higher bonus, 1/4 royalty and asked for changes to terms of the lease.  They responded with same bonus and royalty but did incorporate some (but not the no cost royalty clause) of the requested terms.  I responded with my desire for the same bonus/royalty as my previous lease (with Martin) which is what I had requested in the previous response and the no cost royaltyt clause.  A relative signed a lease with JBL on their land a few miles east of mine and indicated they accepted the 22,5% bur did include the no cost royalty in the lease terms.

I live in suburban Dallas.  I've had only one conversation with the land man and have heard nothing since my last response to them in February.  I know they have been in contact with other Section 8 owners but don't know if any have signed.   Did you notice if any of the filed leases were in Sec 8?  Any recommendations, I value your inputs.

Don

 

 

 

Permalink Reply by Skip Peel - Mineral Consultant on May 3, 2012 at 7:22

don, I think I will see additional leases filed by J B Land in the near future but they've made a good start.  Their leases filed to date include minerals in sections 4, 6, 7, 17 and 18 - 23N - 13W.  Sections 5, 9 and 16 have some portion Held By Production through producing wells.  So you're in the donut hole so to speak.  I good place to be I will wager.  Good Luck.

Permalink Reply by Rebecca Lane on May 3, 2012 at 7:25

Family minerals in T23N13W sec 34. My information is coming 2nd hand through another family member but as of yesterday a lease is supposed to be on its way...details will follow when known.  Also have family mineral ownership a little further north on the AR/LA line from these but have not been contacted about these.  Just a side note regarding minerals in Miller County along the AR/LA line--Kelly Bayou Field--last two years we've had offers but they have been very low and we did not consider them.

Permalink Reply by inthestix on May 3, 2012 at 12:27

Friend of mine leased in T23 river bottoms area for $300 acre 1/4 no cost royalty 3yr no option with JB.  not sure what section.  Just this week!

Permalink Reply by Lisa K. Sale on May 3, 2012 at 15:05

Where is the river bottoms area?

Permalink Reply by inthestix on May 4, 2012 at 6:58

Red river north of hwy 2 east out of Plain Dealing and just south of Arkansas line ( Miller County) in T23.

Permalink Reply by Skip Peel - Mineral Consultant on May 4, 2012 at 7:48

Maybe I'm confused.  Aren't the river bottoms west of Plain Dealing?

Permalink Reply by inthestix on May 4, 2012 at 11:14

yep sure is my bad!  i live east, guess i was thinking of coming home! lol  thanks for correcting

 me skip!

Permalink Reply by inthestix on May 8, 2012 at 15:03

Lease hounds still working the T22 area.  Dont think they have many takers on their first offer. All they have to do is offer what they gave in T23 and quit playing games!

Permalink Reply by Skip Peel - Mineral Consultant on May 8, 2012 at 15:25

Are the 22N offers coming from J B Land, inthestix?

Permalink Reply by inthestix on May 9, 2012 at 10:15

no, Meritt energy out of lafayette,la.  There is another broker offering leases between Rocky Mount and Benton.  I think they are HEP or HPS also from Lafayette and they are offering more $!  They will not say who they are leasing for!

Permalink Reply by inthestix on May 9, 2012 at 10:22

Skip what kind of play are they looking at in this wide of an area? The BD?

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