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re: Oil companies drilling on your land in exchange for a percentage of what they find?
Posted on 4/30/18 at 7:13 pm to fallguy_1978
Posted on 4/30/18 at 7:13 pm to fallguy_1978
quote:
Tuscaloosa Shale
I wouldn't go on a spending spree yet.
1
Posted on 4/30/18 at 7:13 pm to fallguy_1978
Unless you have significant acreage, you aren’t getting rich off of it. It’s just free mailbox money.
Outside of the $20-30k an acre we were giving out 10 years ago.
Outside of the $20-30k an acre we were giving out 10 years ago.
Posted on 4/30/18 at 7:13 pm to TDcline
Seems low to you huh?
Do you have 10 mil to drill the well? You should be thanking them. Consider yourself very fortunate.
Do you have 10 mil to drill the well? You should be thanking them. Consider yourself very fortunate.
Posted on 4/30/18 at 7:14 pm to PerceivedReality
Northern Evangeline so they’re pretty close to y’all.
Posted on 4/30/18 at 7:15 pm to TDcline
Hold out for the upfront $’s, 25% and the gold truck nuts.
Posted on 4/30/18 at 7:18 pm to TDcline
quote:
They offered my parents 20% of what’s found. That seemed kinda too low to me
Daniel Plainview finna come in and f your world up
Posted on 4/30/18 at 7:19 pm to redstick13
quote:
I wouldn't go on a spending spree yet.
My grandfather is 99 years old. He doesn't give a shite about it. He told my dad to deal with them
Posted on 4/30/18 at 7:23 pm to TDcline
What company? I’m guessing this is Austin Chalk?
Posted on 4/30/18 at 7:25 pm to BruceJender
Probably. ConocoPhillips is planning some Chalk Wells this year in St. Tammany.
Posted on 4/30/18 at 7:26 pm to TH03
We've been negotiating with someone up there on our 5k acres in the same area
Posted on 4/30/18 at 7:27 pm to yellowfin
quote:
5k acres
There you go.
Posted on 4/30/18 at 7:29 pm to TH03
I guess we can’t all be billionaires and own a quarter lot with our cookie-cutter in a Dallas suburb.
Thanks for the info though, baw
Thanks for the info though, baw
This post was edited on 4/30/18 at 7:30 pm
Posted on 4/30/18 at 7:34 pm to TDcline
I'm not any of those.
I just grew up in the land business and did it on my own for 6+ years.
I just grew up in the land business and did it on my own for 6+ years.
Posted on 4/30/18 at 7:43 pm to TDcline
quote:
They were approached at their home today by a surveyor who offered them his company’s resources to drill on their land. Per the offer, they would get a small amount up front and will get a percentage of what is found.
Posted on 4/30/18 at 7:44 pm to TH03
quote:
Unless you have significant acreage, you aren’t getting rich off of it. It’s just free mailbox money.
LOL, no shite. My absentee next door neighbors have an acre and a half plot all grown up with chicken trees right next door to my place.
They don't want to sell because they think someone might want to drill in the area in the next millenium or so.
Dumbasses. And their Dad was a lawyer, you'd think they'd have a little sense.
Posted on 4/30/18 at 7:45 pm to TDcline
20% and around $300-$500 is the going rate in Cenla, I've been down there the last six months buying OGL's. There are companies trying to lease acreage with no E&P company backing them that are trying to group acreage to shop around for a six month term, but they won't pay the bonus payment until they've made a deal with an E&P. To be honest, you don't have much negotiating power only having a ten acre tract, don't take the first offer, but don't think you're going to get Haynesville Shale money...
Posted on 4/30/18 at 7:45 pm to BruceJender
quote:
What company?
Hunter Energy, Prime Rock Resources, and Texegy are leasing Austin Chalk acreage in central Louisiana.
Texegy is the old Swift Energy. I assume one of the others is leasing for Amelia Resources who I’ve heard are funding a leasing program.
Posted on 4/30/18 at 7:46 pm to TDcline
quote:
Northern Evangeline so they’re pretty close to y’all.
You anywhere near the Pine Prairie Energy Center, Baw?
Posted on 4/30/18 at 7:46 pm to TDcline
Better sell or that company finna drink your milkshake.
This post was edited on 4/30/18 at 7:47 pm
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