UNDER WATER

I WAS TOLD TODAY THAT CHESAPEAKE DOESN'T WANT TO LEASE
PROPERTY UNDER WATER IN SABINE PARISH? HAS ANYONE HEARD
DIFFERENT? OR DOES ANYONE KNOW DIFFERENT? I HEARD WHEN
LEASES FIRST STARTED IN DESOTO PARISH HEADED SOUTH- THAT WAS
GOOD PROPERTY FOR THEM TO LEASE? ANY ANSWERS OR DISCUSSIONS
ON THIS?

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Permalink Reply by r.w. on August 6, 2008 at 12:20
we have 330 acres of minerals in south bossier that is completely under water. petrohawk leased it and offered to toplease it.
Permalink Reply by DESOTO EXCIT on August 6, 2008 at 12:22
thank you for your reply--
Permalink Reply by Two Dogs, Pirate on August 6, 2008 at 12:52
The title is harder to run and they want to buy the easy stuff first. You have to go back to the mid 60s when Toledo Bend was created. They don't want anything to slow the process down. The up side to this is that the price keeps going up every day and you may get top dollar. Another thing is that the Buzzards out there will contact you first, they will be looking for easy pickens and under the lake might just be that. Some don't know they own minerals under the lake and will jump at any amount of money they can get.
Permalink Reply by DESOTO EXCIT on August 6, 2008 at 13:10
thanks for your reply---makes me feel alittle better--thanks again
Permalink Reply by Two Dogs, Pirate on August 6, 2008 at 13:18
Be careful of the buzzards, there are plenty of them flying around up there.
Permalink Reply by DESOTO EXCIT on August 6, 2008 at 13:37
gotcha
Permalink Reply by po boy on August 6, 2008 at 14:56
What exactly would be the status of minerals on private land .under public waterway, between two states, on a federally controlled waterway.? This could really get interesting! WOW,Head spinning!
Permalink Reply by Two Dogs, Pirate on August 6, 2008 at 15:07
In 1921 the law was changed in Louisiana, the state claimed ownership of all the beds and bottoms of all navigatable bodies of water in the State of Louisiana.
Permalink Reply by po boy on August 6, 2008 at 15:20
Did not the federal government exert claim to all waterways a couple years back?
Permalink Reply by Two Dogs, Pirate on August 6, 2008 at 15:25
1921, thats more than a couple of years.
Permalink Reply by po boy on August 6, 2008 at 15:44
It would seem them, that the mineral under water is the States> Iam I understanding?
Permalink Reply by DESOTO EXCIT on August 6, 2008 at 15:48
It went to court and my great aunt was given her minerals to keep

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