Replies to This Discussion

Permalink Reply by Steve Jones on August 6, 2015 at 14:59

Received offer via e-mail today (Aug 6th) from Landman representing LouTex Sovereign, LLC.

Property located: Sec 8, T16N, R2W

1,500 + 1/4 Royalty -- 3 Yrs

1,000  For An Add'l 2 Yr Option

Permalink Reply by Skip Peel - Mineral Consultant on August 6, 2015 at 15:06

That's a very aggressive offer.  If the lease includes the standard beneficial and protective clauses, it's a fair offer.  S8 - 16N - 2W is a long way from any O&G activity other than leasing.  Lease offers in the area are wildly speculative.  Take a lesson from the Haynesville Shale land rush, no one can time the top of bonus offers.  And one or a couple of disappointing well results can make offers disappear over night.  With no warning.

Permalink Reply by Frank simpson on August 17, 2015 at 12:42

is there any leasing in caney lake area

Permalink Reply by Skip Peel - Mineral Consultant on August 17, 2015 at 12:52

Frank, if you are referring to Caney Creek Lake, not that I am aware of.  Caney Lake is in Webster Parish just north of Minden.  Caney Creek Lake is in Jackson and south of the leasing that we have been discussing generally running from Eros to north of Quitman and north from there up into Lincoln Parish..