Why not Rapides Parish?

Rapides Parish has had outstanding Chalk wells drilled and produced. The Masters Creek Field in particular. Why is there no activity here?

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Permalink Reply by jeff on December 5, 2011 at 11:06am

Interesting dilemma Joe,

If you could get a real player to sign a 180 day and 1mm non perform. I would venture to guess it will have been about one of the best deals you have ever made. If I were a mineral owner I believe I would want some thing to happen fairly quick and so I would think very carefully about the term.  I would ask for less of a bonus and less of a term if that is what it takes to get em drilling, hold on to an acceptable royalty of course which in the long run is the most important.. A lot of folks loose sight of the long term and focus more on what can I get up front. There are many alternatives and ways to engineer deals that will be equitable to all involved. The devil is in the details.

Joe, you are well versed in this regard and will do fine.

Good Luck.

Permalink Reply by Joe Aldridge on December 5, 2011 at 11:29am

Jeff, 

Thanks for you input and advice.

I wish you well in your dealing with the people you are working with. I think if they are reasonable and know what was happening in the industry at the time CHK leased them then they may change their mind.

Good Luck

Permalink Reply by david crocket on December 13, 2011 at 9:19pm

I had an offer this week of $50 per acre with an option to extend the lease for 5 years for $150.  This land is in Rapides Parish, east of LSUA. 

Permalink Reply by jeff on December 14, 2011 at 7:55am

Interesting David, but I am not sure where LSUA is. Can you share any more info?

Jeff.moralez@gmail.

Thanks

Permalink Reply by Skip Peel- Independent Landman on December 14, 2011 at 7:58am
  • 8100 Hwy 71 South, Alexandria, LA 71302
  • Louisiana State University
Permalink Reply by Two Dogs, Pirate on December 14, 2011 at 8:01am

About 3 or 4 miles South of Alexandria on Hwy 71/167.

Permalink Reply by charles gaiennie on December 14, 2011 at 8:10am

Lawyer Polk in Alex was offering these which were actually options to lease, this just ties up your minerals while they shop around for a buyer.  I would not take the deal.

Permalink Reply by Two Dogs, Pirate on December 14, 2011 at 8:20am

Charles, Pride has been making this same offer. I don't  feel like they are shopping the deal. They are working for someone but I could only speculate as to who they are working for. I was told by a good source that they are not working for Anadarko. They have been leasing in Avoyelles Parish for quite some time and only recently moved into Rapides.

Permalink Reply by charles gaiennie on December 14, 2011 at 8:33am

I wonder what your royalty is David???

Permalink Reply by david crocket on December 14, 2011 at 11:14am

I did not take the offer at this time, but the royalty offered was 20%.  Thanks for all of your information.

Permalink Reply by charles gaiennie on December 14, 2011 at 12:53pm

David, thats the first activity I've heard about in your area keep us in the know. Most of my family's land is three miles south of you, 2N 1W, Leased timberland in 1N 1W but could not generate  interest in adjoing farmland up one Township.

Permalink Reply by david crocket on January 7, 2012 at 6:40am

A slightly better offer in rapides  parish-not much better-the same $50 per acre with a 3 year option of $200 per acre and an additional extension of 2 years for $200 per acre also the same 20% royalty which seems in my mind to be the deal breaker.

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