Leasing a small tract of land for more money and less royalty is likely the worst advice you can be given. Get the best royalty you can. The cash is merely chump change at this point in time. And the more royalty you get the more you would have to sell if you ever took that silly advice.
This is a little off subject but I was wondering what the spacing/acreage requirements are for a vertical Chalk well in Rapides Parish.
50' FN/S L and 1500' FE/W L
Jennifer, are you replying to my spacing post? If not then disregard, if so I am really wondering what the amount of acreage would be needed?
I was replying to your post. Each unit is configured differently but in my experience it is about 2 sq. mile, usually centered around the well. LA is extremely hard for me to understand because the unit configurations are made at the time the well is drilled and are very hard to change once the unit boundaries are decided upon. The shape isn't consistent and seems to be decided upon by what best suited the operator. If you are interested in a specific well you would need to pull the plat. If you are interested in a specific area you are going to have to spend some time on the Sonris document access website. I can tell you how to do this if you don't know how to pull units up.
This isn't an easy task and if you know how to fast track it I would appreciate knowing it. Fenstermaker and Associates out of Lafayette is a good resource but they are a vendor so may charge for their services.
Long story short, I would expect to have at least 2 sq. miles leased up before attempting an Austin Chalk well due to the mile lateral most operators drill. If you didn't want N/S orientation then you could half that but I would err on the side of caution and get a full 2 sq. miles. This is what makes being a small landowner so difficult. You can be forced pooled and carried in the well but this isn't the most ideal way to be involved as a land owner.
What a quick reply, Thanks Jennifer. I am aware of all you stated, my question is about a vertical test. Chalk units under me are 1920 acres, do you suppose that would be applicable to vertical wells?
The trouble with vertical wells is they aren't going to last long. If you create a unit that doesn't allow for horizontal laterals you are asking for trouble. I am not sure what the vertical wells would be permitted as. I do know that it will depend on surrounding units.
I would strongly advise against attempting a vertical Chalk well with no allowance built in to your unit for laterals. Going back and altering units, I'm told, is a huge undertaking.
Sorry I couldn't be of more help. Feel free to message me if you want/need.