Replies to This Discussion

Permalink Reply by Lisa Melder-Johnson on March 17, 2022 at 8:34

Hi Darrell!   Where is the land located, what Parish?   I see from some prior discussions you may be in Rapides Parish area.   I am in the SW part of Rapides (Melder Area).   Now I no a 500+ acres 3D was done in my area but not my property (just outside) by Marathon (CCG) a couple of years ago.   You would think since you only on the minerals that they would have to lease from who actually owns the surface.   Will be interesting to here answers on this.

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Permalink Reply by Darrell Blanchard on March 17, 2022 at 8:55

Hi Lisa, yes, the land is in south Rapides, west of Glenmora.  I edited my post, thank you. 

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Permalink Reply by Iris on March 30, 2022 at 9:44

No, they don't have to lease from who owns the surface.  I have 31/2 acres mineral lease with only mineral rights not the surface rights.  The exact circumstances can be tricky, but with the help of GHS people, I went ahead and was able to lease the mineral rights.  My father held on to the minerals and the law has been back and forth about it, so far we've won.  At least the bonus.

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Permalink Reply by Skip Peel - Mineral Consultant on March 17, 2022 at 10:36

I wouldn't sign a lease without an upfront bonus payment.  And the longer the term, the higher that bonus would have to be.  Under no circumstance would I sign a seismic lease without good damage clause language and nor with any O&G lease or option to lease language.  Sounds like someone is on a fishing expedition.  I'd have an experienced O&G attorney review any agreement that you might consider signing.

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Permalink Reply by Darrell Blanchard on March 17, 2022 at 12:53

Skip, thank you for your knowledgeable response. Your second to last sentence says it all. 

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Permalink Reply by Iris on March 30, 2022 at 9:46

Also be very careful WHO is O&G attorney.  Another member of family paid 3x more than mine.  For very similar lease. Ditto what Skip advises.  Mine not in Rapides, though.

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Permalink Reply by Rock Man on March 30, 2022 at 9:54

As always, Skip provides some great advice as to the need for legal representation and review as to any leases, options or agreements. Even though I am an ex-O&G professional, it cannot deny the fact that O&G companies are not out there looking to do favors for mineral owners. They will pay fair prices and execute fair deals, but if they can save some money and put more into their pockets, the better it is for them.

Cautionary statement to mineral owners - always beware!

Along those same lines, in my opinion it is always good for mineral owners to try to get an idea of what the O&G plays are in their areas of ownership. I am not advocating that one gets a degree in O&G geology and engineering but knowing what the plays are as well as the type of wells that can be drilled are important factors to understand. As well as understanding the risks involved as these operators look to spend millions of dollars on a single well to exploit the O&G resources in question.

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Permalink Reply by Lisa Melder-Johnson on March 30, 2022 at 12:30

Is this a new 3D survey or part of the 500+ CGG 3D survey permitted in 2019?

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Permalink Reply by Darrell Blanchard on March 30, 2022 at 13:10

Thanks Iris, Rock Man, and Lisa. 

It's a new 3D survey. 

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Permalink Reply by Lisa Melder-Johnson on March 30, 2022 at 13:49

Permit must not be showing up on Sonris yet?

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Permalink Reply by Darrell Blanchard on March 30, 2022 at 13:59

I assumed it was new since the guy told me they began leasing year in August. 

Sonris... can they make it more convoluted? I can never find what I need.

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Permalink Reply by Skip Peel - Mineral Consultant on March 30, 2022 at 14:01

I've never seen a seismic permit on SONRIS but I pretty much know where most everything else is.  What would you like to find, Darrell?

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