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Louisiana Message Board

Haynesville Shale(Sabine Parish, LA)

  • 01/02/2011 10:40 AM
    Quote
    Message # 488156
    Anonymous
    I have received a lease offer of $3500 per net acre, 3yr lease, 2 yr. option,
    1/4 royalty. The only drawback is the order of payment is for 90 banking days. This seems unusually long. This is in Sec. 29, T 09N, R 13W.

    I would appreciate any suggestions you might have as to how I can get them to pay me sooner.  Thank you

    Last modified: 01/02/2011 10:40 AM | Anonymous
  • 01/04/2011 8:50 AM
    Quote
    Reply # 489167 on 488156
    Anonymous
    Chesapeake is taking all the leases in the township and about a quarter are straight 3 year leases at a 1/4 royalty.  The balance include the two year extension.  I can't comment on the current bonus offer but past bonus rates ran from 3 to 10 times your offer.
  • 01/04/2011 10:01 AM
    Quote
    Reply # 489257 on 489167
    Anonymous
    Linn Willers, CMM wrote: Chesapeake is taking all the leases in the township and about a quarter are straight 3 year leases at a 1/4 royalty.  The balance include the two year extension.  I can't comment on the current bonus offer but past bonus rates ran from 3 to 10 times your offer.
    Thank you for your input. I have decided to hold onto the lease and see
    if I receive any other offers.
 
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