Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on November 25, 2021 at 15:14

Nothing that is obvious.  Why?

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on November 26, 2021 at 5:07

Todd, if you are getting offers to buy your minerals, join the club.  Many mineral owners are getting anywhere from a few to a boatload of unsolicited offers.  For those who would consider a sale, it's all in knowing what is a fair market valuation and what is not.  The details of a mineral interest matter - a lot.

• ▶ Reply

Permalink Reply by Iris on November 27, 2021 at 11:36

Offer to lease 4-18n-14w.  Caddo Parish.  Not close by.

• ▶ Reply

Permalink Reply by Cecil N Cannon on November 29, 2021 at 4:31

There are 2 horizontal wells in that section. Is the company making you a real offer? Have they told you a price-per-acre?

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on November 29, 2021 at 4:44

Cecil, since neither of those wells will produce from Section 5, they would have no relevance as to the value of Todd's minerals.  As indicated by the well names, these wells will be producing from Sections 8&17.  They are listed in Section 5 because the SONRIS database organizes wells by their surface location, not the producing sections. 

253080	HA RA SU98;ONEAL 8&17-14-16 HC	001-ALT
253081	HA RA SU98;ONEAL 8&17-14-16 HC	002-ALT

• ▶ Reply

Permalink Reply by Iris on November 29, 2021 at 5:02

Cecil, As Skip referred to two horizontal wells those are not in section of offer I am referring to, although looking at a map they might be fairly close by near the southwest corner.  My offers have to do with proposal for combining units and forced pooling of those units 4 & 33 to the northeast.  But not wells Todd is referring to, although I am referring to surface location.

• ▶ Reply

Permalink Reply by J on November 29, 2021 at 10:40

I've seen 1500 to 2200 in North Caddo Parish. Blanchard area.

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on November 29, 2021 at 11:10

J, do you have the corresponding royalty fractions that go with those bonus per acre amounts?  Both are needed to form an opinion of value.  I know of one recent lessor that got a $2k per acre bonus but they had to accept a three sixteenth royalty to get it.  I've heard from multiple lessors who got $1K and a one fifth royalty.

• ▶ Reply

Permalink Reply by Iris on November 29, 2021 at 11:22

Yes, J , I'd like to know as well.  Is this part of the proposed combined units for USG wells or for wells already drilled?  Without poring over maps again, I don't know where Blanchard ends and North Shreveport begins or vice versa.

• ▶ Reply

Permalink Reply by Andy L. on January 12, 2023 at 15:34

I was offered $1,500 per acre and 20% royalty in North Shreveport, Caddo Parish, next to Blanchard.  

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on January 13, 2023 at 2:23

Thanks, Andy.  That's pretty much USG's standard lease offer.  Depending on your particular situation, you may need an Exhibit A to the lease drafted or at least reviewed by an experienced O&G attorney.

• ▶ Reply

Permalink Reply by Iris on January 13, 2023 at 7:12

Andy, we signed our leases about a year ago, started out with 2k per acre and 18.75%.  Attorney at my request lowered it to 1500 acre, 20% royalty, I was hoping small though it may be I would start receiving royalties soon.  Well no, also in N Shreveport very close to Pinehill Rd, don't think have even drilled yet, so....   Looks as if you may be grassroots shaler like me....

• ▶ Reply

• ‹ Previous
• 1
• 2
• Next ›
• Page