Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 13, 2022 at 10:59

USG Properties is the majority Joint Venture partner with Trinity Operating drilling the Haynesville Shale in north Caddo Parish.  The terms offered are standard in that area and there is no competition.  It's USG/Trinity or nothing.  I would take the 20% royalty and the lower bonus per acre but without knowing how many acres you own, that's all I can offer.  If it is a small or modest acreage, based on the lack of competition for leases, you wouldn't have any negotiating leverage.

It would be helpful for others in your area to know the location of your minerals by section-township-range.

Permalink Reply by Iris on September 13, 2022 at 12:53

Yes, Kate Jones, it would be helpful to know your section-township-range.  I am under contract with Trinity/USG in North Caddo.  I chose the 1500/20% lease and used Drew Martin with Davidson-Summers to review it, also chose a no surface use.  One other family member chose the 2k, 18.75 lease and used an attorney that charged 3x more.  I have yet or we have yet to see any royalties as no wells drilled yet in our section due to rumor the gas may not be quality enough to drill.  Mineral agent used is/was John Peyton.  You can message me if you don't want to share your location information in a general forum.

Permalink Reply by Kate Jones on September 13, 2022 at 14:47

Thank you. Is there a website where this info may be found?
Thanks

Permalink Reply by Skip Peel - Mineral Consultant on September 13, 2022 at 14:56

You're on it, Kate.

Permalink Reply by Iris on September 14, 2022 at 3:45

Kate Jones, the Section, Township, Range should appear on your lease offer.  Also I received a plat form in my offer which showed the area of the unit or the proposed unit.

Permalink Reply by Kate Jones on September 14, 2022 at 8:42

We haven't gotten to a written lease yet but the sample he sent needs a Philadelphia Lawyer. Is there a local Attorneyor Attorney's that are familiar with these leases?

Thanks

Permalink Reply by Iris on September 14, 2022 at 9:33

Yes, probably several, Skip Peel referred me to firm of Davidson, Summers, Andrew Martin reviewed my leases, he's referred to as Drew.  I also handled my  brother's lease and had land agent use same terms as me.  My sister and brother-in-law used law firm of Wiener, Weiss, and Madison, a senior in that firm Madison charged them about three and one half times as much as Drew Martin for similar.  I think Trinity/USG was using a law firm out of Lafayette, LA at that time early in 2022.

It was mentioned on this site that some firms in Shreveport, Bossier might have conflict if they are also supporting the drillers. Hope this helps, 

Permalink Reply by Kate Jones on September 14, 2022 at 11:34

Thank you

Permalink Reply by Skip Peel - Mineral Consultant on September 14, 2022 at 9:48

Yes, Davidson Summers APLC in Shreveport are my O&G attorneys.  They are all good and Drew has a lot of experience with USG Properties and their JV partner, Trinity Operating.  You can google Davidson Summers and review their website.  There will be contact information there.  Good luck.

Permalink Reply by Kate Jones on September 14, 2022 at 11:34

Thanks so much, you are appreciated.

Skip,

This is bizarre! I went on the Caddo Assessors site to get the description and could not locate the property at all.

2107 Pinehill Rd 71107

Thanks

Permalink Reply by Skip Peel - Mineral Consultant on September 14, 2022 at 12:30

I'd offer a comment but I don't use the Caddo Assessor's website.

Permalink Reply by Kate Jones on September 16, 2022 at 7:23

Thank you

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