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Started By
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O&G Leasing near Baton Rouge
Posted on 2/28/18 at 10:35 am
Posted on 2/28/18 at 10:35 am
Just talked to a friend who was offered $600/acre + 20% Royalty for approx 100 acres near BR. Is that a reasonable lease??
2
Posted on 2/28/18 at 11:19 am to tigerpawl
Depends on who the operator is...
Sounds like it could be EOG.
The per acre price is a little lower than average but royalties seem above average.
Just depends.
Sounds like it could be EOG.
The per acre price is a little lower than average but royalties seem above average.
Just depends.
Posted on 2/28/18 at 11:41 am to MadtownTiger
20% is average. I wouldn't call it above average.
Posted on 2/28/18 at 1:37 pm to MadtownTiger
EOG is leasing for the Tuscaloosa, I presume?
Posted on 2/28/18 at 4:12 pm to TheIndulger
Chalk.
Posted on 2/28/18 at 4:35 pm to cwill
Signed up at $310 and ac, 22.5%. Lower Pointe Coupee
Posted on 2/28/18 at 6:19 pm to MadtownTiger
quote:Why?
Depends on who the operator is...
Posted on 2/28/18 at 9:07 pm to cwill
Better hope the next few wells are better than the eagles ranch well. Long, long way to payout.
Posted on 2/28/18 at 9:44 pm to TigerDog83
That well isn’t going to pay out.
Posted on 3/1/18 at 5:01 am to cwill
So, why are they leasing just about everything in Lower Pointe Coupee? Is there something in the works?
Posted on 3/1/18 at 7:55 am to fishfighter
Maybe they think the porosity will be better there than Avoyelles. Ever since they drilled those giant chalk wells in Karnes county Texas (EF country) they’ve been chasing matrix chalk across Tx and LA. It’s going work in some spots and not others. But at $300/acre it’s an affordable risk for a co like eog.
Posted on 3/1/18 at 1:01 pm to cwill
quote:
Maybe they think the porosity will be better there than Avoyelles. Ever since they drilled those giant chalk wells in Karnes county Texas (EF country) they’ve been chasing matrix chalk across Tx and LA. It’s going work in some spots and not others. But at $300/acre it’s an affordable risk for a co like eog.
I would definitely like to see some production numbers and petrology stuff to see how it in looks in LA compared to Karnes.
I'm working for big red right near Karnes City on Eagleford stuff mostly, although at the end of March I'll be in Alexandria...don't have the proposal yet but maybe a chalk well.
Posted on 3/1/18 at 4:15 pm to fishfighter
quote:
So, why are they leasing just about everything in Lower Pointe Coupee? Is there something in the works?
They leased up all of lower West Feliciana as well. They think they have the Austin Chaulk figured out and can stack with the TMS being about 1k feet deeper.
Originally that area of the TMS was too deep but seems the want A/C and TMS is a bonus
Around here everyone got 900-1000 / acre & 20%
This post was edited on 3/1/18 at 4:16 pm
Posted on 3/1/18 at 5:09 pm to cwill
I'm surprised somebody hasn't looked at infilling burr ferry or masters creek or playing off the edge of those fields either up or down dip. Seems like all the leasing is looking farther east past bayou jack where there was not much historical production.
This post was edited on 3/1/18 at 5:41 pm
Posted on 3/1/18 at 6:11 pm to FelicianaTigerfan
quote:
They leased up all of lower West Feliciana as well. They think they have the Austin Chaulk figured out and can stack with the TMS being about 1k feet deeper.
Don’t believe that Kirk Barrell hype.
Posted on 3/4/18 at 8:52 am to cwill
Was costing 14 million to do a well in the north part of the parish trying to get 13,500’.
Just don’t see how they are gonna hit the A/C at 14,000’ and TMS at 15,500’ and not spend a fortune trying to do it.
Just don’t see how they are gonna hit the A/C at 14,000’ and TMS at 15,500’ and not spend a fortune trying to do it.
Posted on 3/4/18 at 12:59 pm to FelicianaTigerfan
They’re not...they’re only going to drill the chalk.
Posted on 3/4/18 at 9:43 pm to tigerpawl
I was just offered $900/ acre and 20% on my property in Wakefield. Pretty sure I'm going to sign, any reason I shouldn't?
Posted on 3/5/18 at 9:20 am to Triggerr
You could counter with $900/22.5% or $800/24% or $750/25%.
Posted on 3/5/18 at 3:49 pm to Triggerr
quote:
You could counter with $900/22.5% or $800/24% or $750/25%.
The money is always with higher royalty %
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