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Started By
Message
re: Tuscaloosa Marine Shale
Posted on 8/29/11 at 9:43 pm to Interception
Posted on 8/29/11 at 9:43 pm to Interception
quote:What are your sources? Have you been approached directly or is it a he-said she-said? If true, then lease payments are on the up-tick.
Northern Evangeline/St.Landry $350/acre
This post was edited on 8/29/11 at 9:50 pm
2
Posted on 8/30/11 at 9:55 am to tigerpawl
Thought standard royalty was 12.5%? Would like to know as we have been contacted concerning land below Montegut that they hit on
Posted on 8/30/11 at 12:29 pm to tigerpawl
Sources are rock solid... I know the individual personally...
My property is not far at all from this lease. I-49 is where this is going down. Now, some of the early birds in this particular area received $150 months ago in this area so go figure. Also, only a small piece of the total acreage (which is significant) was leased out. IMO this could have been an isolated situation but I think things are about to start rolling in a major way. It's a speculation game and some of these companies are starting to invest fairly heavy early in the game it appears.
My property is not far at all from this lease. I-49 is where this is going down. Now, some of the early birds in this particular area received $150 months ago in this area so go figure. Also, only a small piece of the total acreage (which is significant) was leased out. IMO this could have been an isolated situation but I think things are about to start rolling in a major way. It's a speculation game and some of these companies are starting to invest fairly heavy early in the game it appears.
This post was edited on 8/30/11 at 12:31 pm
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