Does anyone know of any activity in Cass County?

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Those would be "opening" offers.  I think that offers will improve over time and end up close to what Anadarko paid in north Caddo.  That is if Cass County mineral owners are paying attention.  Spread the word.

And could you please tell me what was offered in North Caddo???

Beginning in early 2012 the offer was $350 and a fifth royalty.  That didn't last long.  By late summer all the land companies leasing for Anadarko were offering $500 and a quarter regardless of size of acreage.  That has remained the standard offer until Anadarko drilled enough sub-economic wells to stop taking leases.  There hasn't been a rig drilling in that leaseblock for over three months.  The rig that Anadarko had under contract was sent to south Bossier Parish to drill the usual dry gas Haynesville Shale wells.

Two things to consider:  One, Anadarko leased about 100,000 acres and drilled 17 wells, spent 100s of millions on the purchase of surface acreage, the construction of pipelines and a central processing facility and still did not make a successful play in north Caddo.  It is a fact hard for novices to believe that a company would invest this much on something that was not a sure thing.  There is no such thing as a sure thing in the oil and gas business where an undeveloped prospect is involved.  Two, the rules governing how an energy company can form units and force pool mineral interests are quite different between Caddo Parish, Louisiana and Cass County, Texas.  Louisiana provides much more protection for private mineral rights and Louisiana mineral owners have more leverage in negotiations. 

If you are a novice, I suggest that you read this:

http://www.gohaynesvilleshale.com/mineral-owner-rights-101

Thanks.  Got a guy out of Tyler been trying to reach me.  Just want to get some knowledge before I talk to him.  Thanks again

Your negotiating position will likely hing on the number of mineral acres you own.  Don't rely solely on what you get from the landman.  If you can take a trip to the courthouse and review the Day Book in the Clerk of Court's office to see the companies filing leases, where the mineral are located and, if leases, the royalty in the lease.  If they are filing Memorandums of Lease, the royalty will not be disclosed.

I see what your saying and I will follow up on that.  I'm a small holder in a tract that's been passed down .  I still want to handle it as best as I can.  Thanks

Tell the landman that you are interested in leasing but don't get pushed into executing a lease without performing your own due diligence first. The bonus range will be relatively small and not a great amount of money for a small acreage interest.  What you want is the usual beneficial and protective lease clauses and the best royalty you can get. 

Exactly.  So I got a dumb question.  If the offer is $250 per acre for three years, is the $250 per acre per year or $250 for the three year lease?

Thank you Skip and Waylon for all your background info on Anadarko. I think Skip is spot-on.

Evidently Petro-Land has flipped some of their
recent leases to Anadarko in James Taylor Survey.

Also--Anybody know anything about HopCo LLC in Louisiana thatIs leasing in the W.Wilson survey in Cass? 0r about Bayou Sun Energy in James Taylor Survey who were leasing back in 2011?

Thanks again.

Jim Bemis

You're welcome, Jim.  I'm not familiar with either company.  Here is the information in the TX and LA Secretary of State registrations.

HOPCO LAND SERVICES, LLC

Texas Taxpayer Number

32045896308

Mailing Address

320 HOLLIE CIR
SULPHUR SPGS, TX 75482-4873

 

Right to Transact Business in Texas

ACTIVE

State of Formation

TX

Effective SOS Registration Date

01/01/2012

Texas SOS File Number

0801516611

Registered Agent Name

RONALD J. BLOUNT

Registered Office Street Address

320 HOLLIE CIRCLE
SULPHUR SPRINGS, TX 75482

 

BAYOU SUN ENERGY LLC

Limited Liability Company

HAUGHTON

Inactive

 

Previous Names

Business:

BAYOU SUN ENERGY LLC

Charter Number:

36758038K

Registration Date:

5/28/2008

 

Domicile Address

 

128 RAGAN LANE

 

HAUGHTON, LA 71037

 

Mailing Address

 

C/O J. GRAY SCHULER, II

 

9513 ROCHEL DR.

 

SHREVEPORT, LA 71115

 

Status

Status:

Inactive

Inactive Reason:

Action by Secretary of State

File Date:

5/28/2008

Last Report Filed:

5/21/2009

Type:

Limited Liability Company

 

Registered Agent(s)

 

Agent:

J. GRAY SCHULER, II

Address 1:

9513 ROCHEL DR.

City, State, Zip:

SHREVEPORT, LA 71115

Appointment Date:

5/28/2008

 

Officer(s)

Additional Officers: No 

 

Officer:

J. GRAY SCHULER, II

Title:

Member

Address 1:

9513 ROCHEL DR.

City, State, Zip:

SHREVEPORT, LA 71115

Skip-
Seems like lots of steam building up in Cass Co. again. Thanks for info on HopCo. Soape is leasing in W. WILSON survey.

Jim Bemis

barrow shaver has built a cadalac of a drill site big enough to frack from deepest slush pit i have ever seen must be going to drill a big hole

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