Location Sec 6 -T 11 -R 8.
Today I received a letter from Exploration Land Service out of Layfayette for Encana with their offer of $2000 an acre for 3 yrs and an additional 2 yr option of $1000 per acre per yr. and 1/5 royalties. That's close to what he had told me a couple of months ago when he first contacted me but then he said no optional on releasing and said it was 1/4 royalties but of course that was not in a letter just over the phone and probably just trying to reel me in until I was to see a lease. I am waiting because directly across the street is Red River Parish and people has signed for $4500 and 1/4 royalties so I can not see where my land should be worth less because I am in Natchitoches parish when its not but a 100 yards from my land.
Does anyone know of anyone who has signed a lease for Encana in T11-R8 ? Just trying see if anyone in my area has leased or are most waiting? I have not heard of anyone in my neighborhood of Natchitioche Parish just across the street in Red River Parish I know some have signed with Pride (which I understand is with Encana) for $4500 and 1/4 royalties not for sure on the length of the lease but believe it was for 4 yrs and optional extention?? not sure on the last. If they can give them that then they should offer the same at least for us.
If you are who I believe you are, call me tomorrow. You have a son and a younger daughter? I worked with your friend for one year, three years ago...a woman with a man's name. If you are who I'm thinking of, that should tell you who I am.
Well, I'm not who you must be thinking of. We live in Texas but our family owns 120 acres in Section 12. Would love to know about a pool in the Fairview Alpha area. Thanks!