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Permalink Reply by Donna Thornton on August 20, 2008 at 7:21

Well, you have a real good point there.

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Permalink Reply by po boy on August 13, 2008 at 6:22

Reply by DeSotoDude on August 9, 2008 at 11:54am
There was closing north of Grand Cane this week at $22,500/acre. Less than 100 acres. CHK way off market.

See sonris state land sale of July 8 for DeSoto Airport (1045 acres) at $27,500/acre, plus 27.5% royalty.

Next royalty sale is August 13. I don't know if any DeSoto property is in the sale, but check for south Caddo, south Bossier, Red River, DeSoto. It will be published that day on sonris and you can see winning and losing bids.

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>from "Dipping Offers" discussion






DYST_JP Permalink Reply by DYST_JP 6 minutes ago
I can confirm offer north of Grand Cane. Wifes coworker lives in RanchLand acres. Land not HBP. They leased to PetroHawk for 22.5 k and 27.5% royalty on 8 acres.

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>from "Dipping Offers" Discussion

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Permalink Reply by po boy on August 13, 2008 at 6:33

Reply by Haughton Area 3 hours ago
To the east of Dogwood on Rex Beard Road my friend got $22,500 per acre and .28 % royalty, 2 weeks ago, they sign tonight.

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>FROM BOSSIER PARISH GROUP

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Permalink Reply by po boy on August 27, 2008 at 15:26

most of Dogwood area signed through Twin Cities.

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Permalink Reply by Dolly on August 13, 2008 at 10:00

I'm in 25/9N/11W, Sabine Parish. 30 acres, between Belmont and Marthaville. I signed with Honeycutt Hill (the leasing agent acquiring leases for Chesapeake) on 8/11/08 for $13.5 an acre with 25% royalty. 3 year lease with 2-yr.option.

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Permalink Reply by bigball N1/N2 on August 13, 2008 at 10:14

Dolly,

Congrats. that sounds like a great deal you got. I didnt know you could get that much being this far south. Great stuff.

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Permalink Reply by wrjack on August 13, 2008 at 10:56

On Wednesday 8/13/08 at the old BPCC meeting for the Rosedale HOA (33-9-13?), Scotty Evans(?) from Red River Land for CHPK offered them the following:

Open Offer - $12,000 per acre with 25% of gross at the wellhead
With 95% of HOA (62 acres with streets and other) - $15,000 per acre with 25% of gross at the wellhead
Both Offers - Included depth exclusions for the shallow (Cotton Valley) and any deeper formations. No exact depths or other details discussed.

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Permalink Reply by wrjack on August 13, 2008 at 11:16

That was 33 19N 13W in north Bossier Parish - Airline and Wemple area

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Permalink Reply by Florida Ginnie on August 13, 2008 at 11:02

Question? What if someone will have the rights for signing a mineral lease in 2-years provided there is no drilling then the rights reserve back to them (do to the 10 year). the previous owner only is left to do a lease for 2-years? Because if no drilling and the 10 years is up it reverts (mineral rights) to the current owner. So how would they at this point do a deal with an O & G co, if they only have 2 years to offer. Also how would the current owner do a deal if they have to wait to have ownership of minerals for 2 years?
Please assist. Plus the current owner received an offer in writing and when it came to signing the O&G backed out, said sorry we mailed you the contract offer but someone else owns it for 2-years. Any landmen want to touch this topic? Thank You

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Permalink Reply by Margaret Wren on August 13, 2008 at 11:20

I believe it goes like this:In Louisiana, if the previous owner still has two years before their 10 years is up and they lease the land to someone, if it is drilled and producing before the ten years are up they get to keep the mineral rights until there are no producing wells in the section, plus 10 more years, then if something is drilled and producing in those 10 years it starts all over again, a person could virtually draw royalties indefinately.If someone can confirm or deny this please do. I am drawing royalties on land I no longer own, and this was my understanding.

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Permalink Reply by Florida Ginnie on August 13, 2008 at 11:46

Hi, and thank you for the response, what if no drilling is done in 2-years?

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Permalink Reply by Margaret Wren on August 13, 2008 at 12:32

as far as I know the rights would go back to you if no production is there.

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