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Permalink Reply by Skip Peel - Mineral Consultant on August 6, 2015 at 9:07

Keep in mind that with the current economics of long lateral Haynesville Shale wells the projected EUR has increased sufficiently to make Tier 2 rock worth leasing.  It's only slightly surprising that lease offers are being made under the current commodity price picture.  A 3/2 lease term allows the lessee to hold off on drilling long enough to possibly realize stronger future NG prices based on new demand.  Both of the offers mention are reasonable, fair market IMO excepting that Outstandingguy did not state the royalty.  For those with modest acreage both are acceptable as long as the standard beneficial and protective lease clauses are included.  For those with larger acreage interests I would suggest trying to negotiate a little better royalty.  1/4 would be ideal but 9/40 would be acceptable to me.  I'd be willing to trade a little of that $1000 bonus to get the better royalty.  These are general comments based on the "Louisiana Haynesville shale area".  Lacking insider information on one can be more specific without a location by section-township-range.

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Permalink Reply by Outstandinguy on August 12, 2015 at 2:24

Thanks for responding. I'm in south Webster parish the said terms of the lease presented to me was 3/2 1k ac.with 23% royalties. I'm meeting Thursday with Blue Ribbon. I'll post more info tomorrow...

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Permalink Reply by Stephanie Wilson on November 4, 2015 at 4:00

I was wondering how your meeting with them went. Have recently had contact from them about our land in Desoto Parish for 3/2, 750 acre and 18.75 royalty. I am seeing that is way too low. I am also seeing they have backed out on deals. Landman is really pushing us for quick deal and that worries me.

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Permalink Reply by Skip Peel - Mineral Consultant on August 6, 2015 at 10:06

What you guys really need to know is, has Blue Ribbon recorded any leases in the public record for the parish or parishes where they are offering leases?  Since no one has supplied even so much as a parish where the offer is made, I can't look to see if they have filed.

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Permalink Reply by Skip Peel - Mineral Consultant on August 12, 2015 at 3:21

Outstandinguy, south Webster Parish is insufficient location information to provide an informed opinion.  There is active leases across a good number of townships in north Webster Parish.  I have no way to know if they are just to the north of or miles away from south Webster Parish.

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Permalink Reply by Skip Peel - Mineral Consultant on August 12, 2015 at 3:30

RAZORBACK~

Please consider closing this discussion and moving it to the Webster Parish Group. Keith or I can help you with that should you choose to do so.  My concern is that Webster GHS members may not be checking the Main Page on a regular basis and could miss this discussion.  When a new discussion is posted in a Group, all the members get an email alerting them to it.  They can then reply in the discussion thread or just Follow.  Members do not receive an email notification for Main Page discussions unless they notice it, make or reply or Follow.  The more Webster members aware of and participating in this discussion, the more information that will be available to all.  After a group discussion is started you can post a link to it in your Main Page discussion and then close it to comments.  That way we don't have replies and information going into two different parts of the website.  Those that have an interest can find it in one place.

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Permalink Reply by RAZORBACK on August 12, 2015 at 4:35

Agree with move.  My current status with Blue Ribbon is they elected to withdraw their offer for my any mineral interets I may have.  Can you cancel this page and make the move for me?  

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Permalink Reply by Skip Peel - Mineral Consultant on August 12, 2015 at 4:36

I'll see what we can do.

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Permalink Reply by RAZORBACK on August 12, 2015 at 4:37

Thanks...

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Permalink Reply by Skip Peel - Mineral Consultant on August 12, 2015 at 8:57

I haven't heard back from Keith so let's see if we can do this.  Check to see if there is a button labeled, Options above your Main Page discussion title.  If so, click the down arrow next to it and see if you have an option to close the discussion.  If you do then start a new discussion in the Webster Parish Group,  highlight and cut (as in cut and paste) the address in your search bar and go back to your Main Page discussion.  Make a final reply in that discussion thread explaining that you are moving it to the Webster Group, paste the address for the new discussion  under your reply text and  click, Add Reply.  Then go back up to the Option button and click on Close Discussion.  The Main Page discussion will move down the list of discussions until it rotates off but during that time anyone who reads it can click on your link and join or follow the new discussion.  Members who wish to follow but are not members of the Webster Group may do so without joining however they can not post a reply.  To post a reply a GHS member would have to join the Webster Group.  Clear as mud?  LOL!

Permalink Reply by RAZORBACK on August 12, 2015 at 10:22

No luck.  Maybe the only way to do this is to have Keith make the changes....

Permalink Reply by katherine dykes on October 9, 2015 at 13:56

where are you located. They have contacted us.  MK

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