Replies to This Discussion

Permalink Reply by blackjackjackson on June 14, 2012 at 3:15pm

i'm not sonris ready.  is eog in n.w. avoyelles?

Permalink Reply by david crocket on June 14, 2012 at 7:30pm

eog is in avoyelles as well as rapides parish.  i think that they are targeting the lasalle arch.

Permalink Reply by blackjackjackson on June 14, 2012 at 11:23pm

is eog comin' toward pineville?

Permalink Reply by Lee in Tennessee on June 14, 2012 at 7:36pm

Sixteenth Section land as below:

AVOYELLES 16 T03N R06E
AVOYELLES 16 T03N R04E
AVOYELLES 16 T02N R05E
AVOYELLES 16 T02N R06E

Permalink Reply by Joe Aldridge on June 15, 2012 at 7:58am

School Board property

Permalink Reply by Keith on June 16, 2012 at 10:25am

801 per acre!

Permalink Reply by Keith on June 20, 2012 at 7:06pm

The lease that intrigued me (not one of the four in the above post)  was the 98 acre tract that I think was was a school board lease. I found it later on sonris.

That lease recieved a $801 per acre bid.

From what I can tell many of the leases only had one bid. EOG!

I wonder if Halcon or others interested in Avoyelles got caught sleeping?

Permalink Reply by Skip Peel- Independent Landman on June 20, 2012 at 10:26pm

EOG and Halcon (Floyd Wilson) appear to have learned a lesson from the Haynesville Shale.  That lesson is to avoid head-to-head competition for leasehold in unconventional plays wherever possible.  I can assure you that Halcon was aware that that particular lease tract was available in the state auction.  It's in an EOG area, not a Halcon area.  What many land/mineral owners fail to realize is that companies that operate (drill wells) aren't generally interested in buying leases in areas where a competitor already has the majority of lands under lease.  Only the company with a majority of acres is in a position to operate.

Permalink Reply by Keith on June 20, 2012 at 10:36pm

So can we assume that EOG is trying to get back the momentum in Avoyelles that Halcon appeared to be slowing down?

In my view 4 of those state tracts that recieved bids could be complete units, so why not at least bid?

Halcon is in the area and they are competing very well at this point so what's up?

Permalink Reply by Skip Peel- Independent Landman on June 20, 2012 at 10:45pm

State tracts are generally leased after private leases are secured in the area of interest.  The company holding the private leases nominates and bids on the tract(s) through an intermediary land company.  State bid tracts only rarely draw more than one bidder.  In an unconventional play operators strive to keep leasehold as contiguous as possible.

Permalink Reply by Keith on June 20, 2012 at 10:48pm

Thanks for the explanation.

Permalink Reply by Skip Peel- Independent Landman on June 16, 2012 at 10:33am

Here ya go, blackjackjackson.

http://www.gohaynesvilleshale.com/group/sonris_help_center

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