Replies to This Discussion

Permalink Reply by insomniacnla on August 1, 2008 at 9:12

DeSoto Parish received $27,521 per acre and 27.5% royalty

Permalink Reply by GetSmart on August 1, 2008 at 10:56

Thanks insomniacnla! Are individuals getting offers close to these numbers, say for 15-20 acrea blocks?

Permalink Reply by insomniacnla on August 1, 2008 at 11:11

The highest offer I personally have received so far is $20,000 per acre from Chesapeake. I am in 15n, 14w, east side of Stonewall. It is already more than I could have imagined but over on the west side of Stonewall, I have heard offers of more than $26,000 per acre.

Permalink Reply by Eliza on August 2, 2008 at 4:18

Where is your property in Desoto ? I'm in T14NR14W. What are you hearing about this area? Around the Gloster area?

Permalink Reply by insomniacnla on August 2, 2008 at 4:26

I am on the east side of Stonewall, right before it runs into Frierson, by I-49.

Kassi is on the west side (and more valuable side) of Stonewall and is much closer to where Chesapeake is currently drilling.

Permalink Reply by Eliza on August 2, 2008 at 6:23

Have you heard any news about the Well off the Red Bluff Road. I believe drilled on Burford property? Who is drilling? Any info?

Permalink Reply by Betty Oxley on August 2, 2008 at 10:33

Any report of offers in the Logansport area off of Hwy 191, "Red Fox" area, I think that it is called?

Permalink Reply by Foxiecajun on August 3, 2008 at 4:33

Shut in well in Sec 21 near Red Fox. Most section surrounding are under leases from 2 yrs ago.

Permalink Reply by GetSmart on August 1, 2008 at 11:24

Bonus money is great, and like you say more than most people could imagine, but is anyone effectively negogating more than 25% royalty. If this turns out as big as they say the royalties may be where the big money's at.

Permalink Reply by insomniacnla on August 1, 2008 at 11:30

I have heard rumors but I do not know anyone personally. TCB on this site may have mentioned 27% in some of her posts but I am not sure.

Permalink Reply by GetSmart on August 1, 2008 at 11:35

I have seen some comments from Caddo area about $30/30%, but have not seen anyone confirming those numbers and especially not in DeSoto. BTW, I'm out of state so I'm following this from afar.

Permalink Reply by Kassi on August 1, 2008 at 13:04

The highest I have seen a copy of was in Caddo parish for $25,000.00 and 25%. It was not a good lease however because there were many clauses in it that will deminish the royalty with costs and allow the company to pretty much do whatever they want with the peoples land. It is better to have good land protections and maintain land owner rights than have a few extra up front $$$ in my view.

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