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Tangipahoa Parish, LA

Discussion Group For The Tuscaloosa Marine Shale Play in Tangipahoa Parish

Members: 45
Latest Activity: on Tuesday

Discussion Forum

Where is the drilling area around Kentwood?

Started by Joan Parsels. Last reply by Joan Parsels on Tuesday. 4 Replies

Unfortunately I live out of state and am confused about ogm leasing and/or drilling activity in the Kentwood area.I signed a lease in 2012 permitting exploration, but have since learned that my land…Continue

TANGIPAHOA PARISH TMS UNITS

Started by Skip Peel - Independent Landman Jul 24. 0 Replies

GDP (DVN) FLUKER TMS RA SUA & SUB  (880 ACRES EA)…Continue

Lease Offers in Tangi

Started by Danny. Last reply by Skip Peel - Independent Landman Jul 23. 24 Replies

Anyone want to share what they have been offered, I have been getting calls left and right to lease but what's the going rates?  Private message if you don't want to comment here, thanksContinue

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Comment by Thomas C. McKowen, IV on June 4, 2014 at 10:11am

It may be beneficial to sell some of your royalty "to hedge your bet" if the well turns out to be dry.  I would certainly never recommend selling all.  Or selling minerals or royalty at all in a totally speculative environment (before a well is spudded, or even proposed).  I would certainly not sell minerals for $1000 per acre.   If there are no operations or production in 10 years, minerals would prescribe in Louisiana.  Royalty would prescribe in 10 years unless there is production.

Comment by Craig Wascom on June 4, 2014 at 9:24am

Not sure John I guess I have been in Texas to long. That would be something to look into. I love Louisiana's 10 year rule you can make a lot of stuff happen with that one.

Comment by John Matherne on June 4, 2014 at 7:00am

Craig doesn't the 10 year rule still apply if no exploration or production apply where the minerals can revert back to the current landowner?

Comment by Craig Wascom on June 3, 2014 at 10:14pm

Russell I will give the same advise I always give and it is just my opinion. Never sell your minerals once their gone they are gone and if there is a good well drilled on your land you will regret it for a long time. The flip side is there may never be a good well but I don't think that hurts quite as bad.

Comment by Russell Allen on June 3, 2014 at 8:50pm

Can anybody offer some experience on the financial advantages of selling mineral rights versus leasing them?  I own some land west of Kentwood in St Helena Parish, just across the Parish line and south of Hwy 38.  I recently received an offer to buy my mineral rights for $1000 an acre. Mt cousin, who owns land very close to mine, recently received an offer to lease her land for $275 an acre.  I am leaning towards leasing, but if anybody has had a positive experience selling their mineral rights I would like to hear it in order to make an informed decision.

Comment by Betty Ballow on May 29, 2014 at 9:10pm

How do I join this group?  I'm not seeing a JOIN button.

Comment by Skip Peel - Independent Landman on April 29, 2014 at 7:21am

james, I don't find any unit formed in that part of Tangipahoa during that time period.  Do you know the company the landman was representing?

Comment by james ghawaly on April 28, 2014 at 10:28pm

Section 37 and 55, Township 1 South, Range 7 East,

Comment by Skip Peel - Independent Landman on April 28, 2014 at 9:15pm

Do you know the section-township-range?

Comment by james ghawaly on April 28, 2014 at 8:55pm

Quick question, I had my landman call me late December and told me they had to finialize all the lease details quickly. (family member needed to sign). He said they are trying to form a unit in my area. Havent heard anything.  I have 225 acres located about a half a mile north of the Thomas well in Kentwood in the Greenlaw oil field along the Tangi river and Hwy 1054. He said something about a 1200 acre unit. Does anyone know if this is true.

 

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