Replies to This Discussion

Permalink Reply by RJ on June 24, 2008 at 6:33

Well it sounds like your really going to kill any expectations of getting anything in the Greewood area with that statement. WOW Not good news IF what you are saying is true. SO how does one find out for sure then?? Sure are a lot of folks in Greewood trying to lease. Guess we will see. Anyone else have any info on this 1950s lease stuff? A lot of folks are going to be sick if this is true.

Permalink Reply by Mudbugger on June 23, 2008 at 11:22

A good friend of mine worked with his neighbors in Stonewall and rallied together to unify. They were about to sign for 6000/acre up front/30 royalty but stopped short. They were approached by an investment banker and he said he could get them 15000/acre and 27 royalty.

Hoping that if we in Southern Hills do as good a job unifying maybe we can get his numbers.

Patrick G.

landownerPermalink Reply by Martin on June 24, 2008 at 6:53

Where in Sabine? I'm interested in the Convers, Noble, Oak Grove area. Any action there?
J. Martin

Permalink Reply by Brenton Spence on June 24, 2008 at 11:22

In Sabine, now hearing $15,000/acre......there and in far Southern DeSoto.....apparently, the Shell wells are becoming public knowledge of having "confirmed the extension southward" at least to their latest wells in northern Sabine Parish.

landownerPermalink Reply by Keith Mauck (Site Publisher) on June 25, 2008 at 4:32

Hey Brenton, where did you get this info? Would that be the Pleasant Hill location?

landownerPermalink Reply by Keith Mauck (Site Publisher) on June 25, 2008 at 4:53

Last night a meeting was called of sabine landowners, by a group of attorney's charging 6% only on the lease bonus, they said they said they had pooled a previous package together of Sabine land and got $13,000 per acre. This seems to be in line with your thread.

landownerPermalink Reply by Sheila C on June 24, 2008 at 18:54

I heard folks in the Ellerbe Road area got an offer of $16,500 per acre. Not sure of the royalty.

landownerPermalink Reply by Sheila C on June 24, 2008 at 19:33

Updated information...Petrohawk offered $16,500 with 25% royalty to the Ellerbe Road people. No deal has yet been finalized.

Permalink Reply by Kassi on June 24, 2008 at 23:19

I heard Country Club Estates just signed a deal for $27,000.00 and 25% but I do not know which company.

Permalink Reply by RJ on June 24, 2008 at 23:38

I could sign for 27k. lol

Permalink Reply by RJ on June 24, 2008 at 23:54

Can anyone else confirm this 27k in country club estates.Where is that located?

Permalink Reply by RJ on June 26, 2008 at 7:26

From what I heard Country club Estates have not signed at all. THEY are wanting 27k per acre.Wish them luck. LOTS of Rumers out there.

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