- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 10/21/08 at 8:12 pm to Checkmateking2
My dad and grandfather went to a meeting at Benton High School on Thursday, Oct 16th. I was away in Mississippi so I couldnt attend but they both told me the same thing and I asked them when they werent near each other to see if there was any variation in the stories. Both of them basicly told me the same thing: They said that the company that was talking to them (Dont know it) said they will most definetly be leasing all of the Benton area. They said it would probebly be around the first of the year of 09' and it could be as much as 1/4 royalties. Aswell as $35,000 an acre up front.
Posted on 10/22/08 at 8:30 am to Ryadarr
quote:
$35,000 an acre up front.
Did you take a trip to a distant galaxy or somthing? Those days might be gone forever, youll be lucky to get 5000 an acre, thats a big if.
Posted on 10/22/08 at 10:01 am to Ryadarr
quote:
Aswell as $35,000 an acre up front.
I'm not saying that will NEVER happen, but in the next few years I'd say your chances range between slim and none.
Posted on 10/22/08 at 10:54 am to LSU0358
quote:
I'm not saying that will NEVER happen, but in the next few years I'd say your chances range between slim and none.
Yeah, NG would probably have to have sustained prices above $15/Mcf for leases to be 35k/25% royalties. I don't see prices getting that high again for at least 2-3 years.
Posted on 10/22/08 at 1:17 pm to GeneralLee
I agree. I think that they meant to say $3500 and that might be on the high side!
Posted on 10/22/08 at 3:14 pm to countryboy
Yeah, even at the height of things there were "only" paying 25k or so per acre down in Elm Grove. We know the shale is in Benton, but it remains to be seen if it is as productive (in flow rates) as the proven wells down in Elm Grove.
Posted on 10/30/08 at 3:31 pm to countryboy
Hey CB, you heard anything else on that "Old Plain Dealing Rd." well?????
Posted on 10/30/08 at 11:41 pm to Flop
The lawyer that was present at the meeting in Benton on the 18th I believe it was said that the guy addressing the town did in fact say that he asked for $35,000 an acre with 30% royalties from a new company and was pretty confident that after the first of the year that it would be possible. Just a quick update as I find more out about it. None of this information is first hand but it did come from some people I think are very trust worthy.
Posted on 10/31/08 at 9:41 am to Ryadarr
Posted on 10/31/08 at 9:49 am to Ryadarr
good luck
This post was edited on 11/1/08 at 12:21 am
Posted on 11/1/08 at 5:55 am to Flop
Nothing but it is a well that they are going back into to go deeper? There is a location in downtown Springhill going to 11000 ft. and another location between Springhill and Taylor on Hwy. 371, not sure what they are doing there?
Posted on 11/1/08 at 9:49 am to Ryadarr
quote:
The lawyer that was present at the meeting in Benton on the 18th I believe it was said that the guy addressing the town did in fact say that he asked for $35,000 an acre with 30% royalties from a new company and was pretty confident that after the first of the year that it would be possible. Just a quick update as I find more out about it. None of this information is first hand but it did come from some people I think are very trust worthy.
I want a million dollars an acre for my lease
This post was edited on 11/1/08 at 9:51 am
Page 29 of 29
Popular
Back to top
Follow TigerDroppings for LSU Football News