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At 7:29 on September 6, 2008, paige linn said…
Asolutely the bonuses are AT LEAST $5000!!! I know an indivudal in San Augustine who received $5000 4-6 weeks ago. This was the going rate then. Just keep reminding ourselves how fast the Louisiana bonuses went up. The O&G guys are trying to grap up everything before more test wells come. PLEASE BE PATIENT.
At 4:54 on September 1, 2008, Trey Cobb said…
Not as unproven as they may want you to think. When offers go from $35/acre in 2007 to 1,500/acre in 2008 and then $5,000/acre within a couple of weeks of that, somebody has proven something. They're just not reporting it yet. Also, our area (central San Augustine and Sabine counties) has been dry hole country for a long time because most operators were drilling for oil and plugging all the gas. As far as gas goes, we also have multiple pay zones, not just the Haynesville shale. Never forget that when you're negotiating the lease. If you sign Haynesville minerals for $5,000-$7,000 acre, you may have just given away your Travis Peak, Cotton Valley and James Lime for free. Also, EXTREMELY IMPORTANT, The lease language I've seen from Devon and EOG is nearly criminal. Get an attorney. I have an excellent one who kept me from signing away my mineral rights permanently (Paragraph 10). Unfortunately some of my family have already signed without addendum to the contract. Barnett Shale bonuses have gotten astronomical because landowners, mostly neighborhood associations, are banding together in negotiating coalitions of a few thousand acres each and leveraging the economies of scale the operaters would realize by locking up large contiguous drillable acreage. Piecemeal negotiations will always work to suppress signing bonuses because the risk is inherently higher to the operater when they sign up 300 acres with 3-4 drill sites vs. 3,000 acres with scores of drill sites. The larger the acreage the more opportunities they have to hit high-saturation pay zones. As their risk goes down, your bonus goes up.
 
 
 

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