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Wilkinson County, MS

All things to leasing, drilling and production in Wilkinson County.

Members: 50
Latest Activity: on Saturday

Discussion Forum

GDP CMR/FOSTER CREEK 8H #1 & 8H #2, S8-2N-1E

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman on Saturday. 10 Replies

HK GAULDEN #1H, S37 - 1N - 1E

Started by Skip Peel - Independent Landman on Saturday. 0 Replies

HK GEORGE MARTENS ET AL #2H, S15 - 1N - 2W

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman on Saturday. 3 Replies

CRK CMR-FOSTER CREEK 28-40 #1H, S28 - 3N - 1W

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman on Saturday. 10 Replies

HK SHUCKROW 10H #1, S10-2N-1W

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Sep 6. 5 Replies

HK FASSMANN 9H #1, SECTION 9 - 2N - 1W

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Sep 2. 16 Replies

GDP CMR/FOSTER CREEK 24-13H #1, S31-2N-1E

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Aug 29. 15 Replies

SN DRY CREEK EAST #2H, SECTION 8 - 2N - 1W

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Aug 23. 28 Replies

HK BLACKSTONE 4H #2, SECTION 4 -1N -1W

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Aug 19. 15 Replies

HK GEORGE MARTENS ET AL #1H, S15 - 1N - 2W

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Aug 15. 10 Replies

GDP CMR/FOSTER CREEK 31-22H #1, S31-2N-1E

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Aug 15. 6 Replies

HK S D SMITH #1H, SECTION 44 - 1N - 2E

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Aug 2. 16 Replies

ECA PINTARD 28H #2, SECTION 28 - 2N - 1E

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Jul 20. 6 Replies

HK HORSESHOE HILL 11-22H #1, SECTION 11 - 1N - 1W (COMPLETED)

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Jul 15. 3 Replies

ECA PINTARD 28H #1, S28- 2N - 1E, WELL COMPLETION RESULTS

Started by Skip Peel - Independent Landman. Last reply by Charles Bell Jul 8. 3 Replies

Comment Wall

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Comment by rodney e. fortenberry III on August 27, 2014 at 9:23am

Any more word on the Pintard 28h-2 and the newly proposed Sanders units.

 

Comment by Skip Peel - Independent Landman on August 17, 2014 at 7:53am

William, the solicitation policy does not prohibit activity in groups, just the Main Page.  The best means to conduct business in private and in line with site rules is to do so on members' personal pages.  Click my avatar (the picture to the left) and it will take you to my page.  Since many members post specific, personal information on my page it is set to private.  You can send me a "friend" request and when accepted have access to my page.  I have my page set so that you will not see the information of others, and no one else can see yours.  You can communicate with other members in this way but your information may not be protected if that member's page is not set up to be secure..

Comment by William Howard Pritchartt on August 17, 2014 at 12:46am

I understand and agree that this site should not be used to solicit business or make offers on any vested interests owned by any members of this site.  However, in the absence of actual names I think it would be prudent to have the option to provide contact info so such activities can take place in private.  I state this in contemplation of divesting certain interests I currently own.  Any suggestions or alternatives available to this "New Shaler"  will be welcomed by me.

Comment by sdmwhosane on August 4, 2014 at 3:26pm

Steve I completely agree with you!  You can always sell part of all as "producing royalty" once the official test results are made public and get a much better price/acre.

Comment by Steve on August 4, 2014 at 3:02pm

$2500 is not the right price for me for the following reason - they  already built a well pad 1900 feet from my back door before the offer was tendered. If a well is drilled and it is an average well with a typical decline rate, the royalty income should exceed their net offer (after taxes) within 6 mos. If they eventually put a well on the proposed 150 acre spacing, the royalty income could be +30 times their offer. Now if I had 1000 acres, I might sell some portion,but not more than 50% at $2500, but I only have 16 acres. Every landowner has to weigh the odds and accept or decline offers the feel comfortable with. You may make a bad decision or you may make a good one - that will depend on whether or not you get a well(s) or not. I am an optimist and the amount of their offer wouldn't change my life in any significant way, but several wells might, every person's situation is different. I still have 2 weddings to pay for.

Comment by sdmwhosane on August 4, 2014 at 12:01pm

If they offer me $2,500.00/acre I will roll out the red carpet and giftwrap the royalty with a big red bow on top of the package.  Everything is for sale for the right  price and nobody ever went broke taking a profit.

Comment by Skip Peel - Independent Landman on August 4, 2014 at 10:33am

Steve, the likely difference in the amount of the offers is that neither Lake Placid or Permian Basin Acquisition Fund performed any stringent due diligence that would allow them to calculate a fair market offer based on the specifics of your location and lease terms.  Both offers are meant to identify interested sellers so that the companies can negotiate to see what amount would be required to close a sale. 

Comment by Steve on August 4, 2014 at 10:19am

William Howard Pritchartt,

In response to your question about royalty buyer. I don't know about Wilkinson county but I have 16 acres in W. Feliciana Parish about 8 miles south of the Wilkinson County line, just below Woodville and about 2 miles west of the Goodrich SLC well. I have received 2 offers, both in Jan. 2014. Lake Placid Inc (address Magee Ms. phone 601-940-3616) offered $500 per net mineral acre on Jan 13, 2014 followed by Permian Basin Acquisition Fund (address Midland , Texas phone 800-488-4042) offering $2500 per net mineral acre. Turned both down and have had no offers since then. Why such a huge difference in offer, I don't know.

Comment by William Howard Pritchartt on July 28, 2014 at 5:26pm

Since begging my career as a Landman I have been living on the road more than Willie Nelson.  My hometown is Natchez, MS but have been living in Houston, TX since 2010.  Although I know the land records of both Wilkinson and Amite Counties I have not worked the TMS there since 2007.  Can anyone tell me if the royalty buyers are active in these two counties and if so what is the current market price per royalty acre?

Comment by rodney e. fortenberry III on May 7, 2014 at 8:41pm

Anything new on the Pintard 28h-1 and the hope of the Pintard 28h-2

 

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