I am in North Caddo and received a letter from the above company.  Has anyone had any dealings with them.  I have no knowledge of this business and am seeking advice.  We have less than an acre.

This is their offer:  Is this good or bad!  Help!

Our lease offer consists of one of two choices:

  1. $2000.00 per acre signing bonus with an 18.75% royalty, or
  2. $1500.00 per acre signing bonus with a 20% royalty

 

This offer is for a 3 year paid up lease with a 2 year extension at 2/3 of the initial bonus. Attached is an example of our lease form for your review.

Thanks

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Replies to This Discussion

You're welcome.  I'm waiting for completion data on the HA unit immediately west, HA RA SUQQ.  There are four wells completed but not yet reporting Initial Production.  Those wells are in Section 32 - 19N-14W and Section 5 - 18N-14W.  Those results should be publicly available in the near future.  Trinity already has that data.

Kate, I used to live on the Pinehill Road, the part that is now between 1 and  71 and no longer Pinehill Rd, of course.  Skip Peel can probably help you with that.  Property my family still owns is now on Hwy 1 and North Market. just south of Pinehill but have no idea what block it is.  Good luck, many people in this group have been helpful to me,  especially Skip but others, too. 

Looking at Google and my exhibit map it looks as if it could still be in Section 4 , T18N, R14W.but maybe Section 5.  

Yes, Skip has been a Blessing to me as a Novice. He is responsive and he offers his help in every way.

I thank you too Iris for your responsiveness also.

Stay safe.

Do you know of a Law Firm that can look over my offer.

My O&G attorney is Randy Davidson.  318-424-4342 or rsdav@davidsonsummers.com.

Is there anything new re:  HA RA SUXX? T18N R14W and Sections 4,33.  It includes some of North Market and a stretch of Pine Hill Rd.

Trinity has never permitted any wells for HA RA SUXX.  The wells next door in HA RA SUQQ (S32-19-14 & 5-18-14) were completed and turned to sales in early October although there is currently no Initial Production data available.

No drilling, just acquiring property.
Do you know a firm that could review our contract?

Kate, I always suggest my O&G attorneys at Davidson Summers APLC in Shreveport.  You may contact Randy Davidson at 318-424-4342 or rsdav@davidsonsummers.com.

Thank you

You're welcome.  The firm has helped a number of GHS members with leases and negotiations with USG Properties.

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