Vernon Parish Leasing Offer

I recently received an oil/gas lease offer of $300 per acre, 18.75% royalty, five-year primary term with a two-year extension for $300 per acre from Cypress Energy Corporation. Is five years too long for the primary term? Anybody have any other thoughts about the competitiveness of the offer? This is all new to me. Our land is near intersection of LA Hwy. 392 and LA Hwy. 111 where Tidbits & Tackle grocery store is located. I know a couple of other nearby landowners have also received offers. As a side note, this intersection is about three miles east of the new Continental Resources well - North Haddens Field. 

Views: 1380

Replies to This Discussion

Permalink Reply by Rock Man on December 22, 2021 at 11:25

Yes - SS / conventional reservoir 

Permalink Reply by Skip Peel - Mineral Consultant on December 22, 2021 at 11:27

Thanks.  Some of us are abbreviation challenged.  ;-)  The well permit is now online.  It is a Wilcox well.

Permalink Reply by Roger Boehme on March 8, 2022 at 6:59

Last week I received a notice from Cypress Energy that they are withdrawing their offer to lease our property. They stated they are suspending leasing efforts at this time for the subject area which supposedly covered Vernon and/or Sabine Parishes. Since mid-January my attorney received little to no response from Cypress to finalize a lease except, they wanted to take another look at geologic data.

Permalink Reply by Rock Man on March 8, 2022 at 7:07

Interesting response from Cypress but not surprising. Companies are always looking to improve their subsurface and economic models based on continual analyses to find the "best sweet spots" for leasing and drilling

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Haynesville Fairway could support drilling into the 2050s?

Haynesville Fairway could support drilling into the 2050s?
2 What is the meaning of a Unit Well?

What is the meaning of a Unit Well?
3 Mitsubishi Corp in talks to acquire Aethon Energy Management

Mitsubishi Corp in talks to acquire Aethon Energy Management
4 Site Not Loading Fully?

Site Not Loading Fully?
5 BPX hits it out of the park with 3 Bossier Parish CULs

BPX hits it out of the park with 3 Bossier Parish CULs
6 Chevron acquires Smackover Brine Leases in AR and E TX

Chevron acquires Smackover Brine Leases in AR and E TX
7 "Rebalancing Volumes"

"Rebalancing Volumes"

Blog Posts

Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

Continue

Posted by Char on May 29, 2025 at 14:42

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service