Bienville Parish lease offer
Bienville Parish lease offer
Anyone else been approached by Teche Exploration for leasing? I have received an offer in the mail for $200 an acre with a 1/5 royalty. I ignored it for a few days and they then called me to up the offer to $250 an acre. We actually have two tracts of land. He approached me on our land (20 acres) in Section 18-T14N-R7W. Our property is off of Punkin Center Road and sides a Natural gas pipeline that has been there forever. Anyone else hearing anything? Skip Peele asked me to share this info with other Bienville Parish landowners. Our land has not been leased in years so this offer came out of left field. Hopefully, its a sign that something may be happening in that part of the Parish!
Views: 107
Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant
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Also see this earlier discussion on Bienville Parish leasing. Keep in mind that location is important.
https://gohaynesvilleshale.com/group/bienvilleparishnetwork/forum/t...
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Permalink Reply by Chase
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I highly doubt they will be drilling any Haynesville wells in that area very soon. Does the lease mention the formation anywhere in it? I would guess if they are going to drill anything in that section anytime soon, it will be a Hosston well.
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Permalink Reply by Skip Peel - Mineral Consultant
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Most O&G leases cover "all depths". All leases taken on speculation with the intention to "flip" are all depth leases. Without some clarity from the individual offering the lease and the ability to negotiate better terms, It's a quick "no thanks". The question is, have others received these lease offers and are they paying attention and getting some professional help?
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Permalink Reply by Ed James -
Decided to pass on this for now and see if anything else develops down the road. Will update this site if I get other offers or interest.
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Permalink Reply by Skip Peel - Mineral Consultant
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Thanks, Ed. Please consider asking neighbors if they have received this lease offer and directing them to GoHaynesvilleShale.com to join in the discussion.
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Permalink Reply by Skip Peel - Mineral Consultant
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Thanks, Ed.
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