Replies to This Discussion

Permalink Reply by insomniacnla on August 1, 2008 at 14:42

Hey Kassi,

I know that you already probably know this but in the cost free royalty clause, make sure that you list "improving" as to what you will not be paying for. Apparently it is a term that CHK prefers to HAVE in their leases. CHK agreed right away to a no deductions clause but still argued that I should pay for the "improving" the gas to get a better market price. They finally agreed that I would not have to pay that either.

Permalink Reply by insomniacnla on August 1, 2008 at 14:46

Get Smart,

It could be the rumor you are hearing about the $30,000/30% was the state Mineral Board sale also. Caddo Parish lands brought $30,212 per acre and 30% royalties and I got that straight from the Sonris website so I know it is true.

Permalink Reply by M. Mcwilliams on August 2, 2008 at 0:14

One of the landmen on here, I guess it was Randy, commented that he would not agree to a no-cost royalty clause for small tracts. Do you know if this is the case? What incentive, if any, could they have for agreeing to this for a small piece of land?

Permalink Reply by Kassi on August 2, 2008 at 2:28

Yes, I spell out the costs that can not be taken out. The latest thing is they want the land owner to pay costs if they have to "move the gas to another market to get a better price" No they do not define that other market or the costs. My response was, if it gets you a better price you would be moving regardless of if the land owners shares the costs..

Permalink Reply by RR on August 5, 2008 at 16:28

We had 19 acres in the Rambin area included in a "pool" which ended today. The lawyers office advised they received NO BIDS! I don't know what is going on. Maybe the O and G's are trying to bluff us into taking low ball offers again?

Permalink Reply by Eliza on August 5, 2008 at 17:34

who was your representative? Lawyer?

Permalink Reply by Kassi on August 5, 2008 at 23:14

Alot of them are locking down at $20,000.00 an acre. Which, if you can get land protections is not bad in my oppinion. Especially if you can get 27% royalty or 25% royalty until the well pays for itself then go up to 30%. Remember 4 months ago the going rate was $250.00 an acre. If you stick together and wait it out you may be able to get more, then again you may not. It depends on how much the O&G companies decide to work together to keep prices stagnant.

Permalink Reply by GetSmart on August 2, 2008 at 1:58

Thanks insomniacnla,

I live out of state and the best way for me to follow the HS seems to be this site. I appreciate everyones comments, advise and help on this site. There appears to be some very experienced landowners here, I assume that some of you have already signed leases and are just telling others what to watch out for with the o&g.

Keep up the good work and thanks again!

Permalink Reply by Kay DS1 on August 3, 2008 at 11:35

I totally join you in thanking everyone for their information. I too, am out of state, and rely on this site for some information. I have with my sisters and cousins under 200 undivided acres in 14N14W, and are hungering for any information out there. Any contact names and phone numbers or email addresses would be appreciated. Thank you all.

Permalink Reply by CarolKK_DS2 on August 5, 2008 at 17:27

I'm an out of state newbie also and I'm very thankful for this site!!

Here is the only email address I have at the moment

for XTO Energy..
http://www.xtoenergy.com/en/contact.html

Permalink Reply by fox on August 7, 2008 at 3:51

a person has told me that he received 22,500 per acre from chk for 40 acres of property located on Harts Bluff rd between hwy 191 and hwy 481. Fox

Permalink Reply by Matt on August 7, 2008 at 4:29

Does anyone have any info on offers in 11N 13 W Section 34? Thanks in advance.

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