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Started By
Message
re: Haynesville Shale
Posted on 6/24/08 at 4:59 pm to justbill
Posted on 6/24/08 at 4:59 pm to justbill
you seem to assume that i'm not in the oil and gas business, funny i have two uncles that own oil companies and well, your the one soliciting business on tiger droppings. i was just asking because some people may think that paying for an attorney is a waste if they could hire you, judging my your assumptions and defensiveness, obviously they aren't.
you aren't getting my business. my land has already been leased, our attorney took good care of us. i was just wondering because i am curious. i never pretended to know more than you. i do know however, that you are the first person I have ever met that has ever recommended in any shape or form to sale their mineral rights unless they are in debt up to their eyeballs. yeah everything has a price, which is why you should wait for the highest one.
obviously something isn't right if you are soliciting business on tigerdroppings.com, which is against TD rules, and you are so defensive if somebody asks you a simple question.
Your lack of professionalism is a perfect reason why others may want to get an attorney instead of this guy.
Just out of curiosity who are some of these wealthy people you represent?
you aren't getting my business. my land has already been leased, our attorney took good care of us. i was just wondering because i am curious. i never pretended to know more than you. i do know however, that you are the first person I have ever met that has ever recommended in any shape or form to sale their mineral rights unless they are in debt up to their eyeballs. yeah everything has a price, which is why you should wait for the highest one.
obviously something isn't right if you are soliciting business on tigerdroppings.com, which is against TD rules, and you are so defensive if somebody asks you a simple question.
Your lack of professionalism is a perfect reason why others may want to get an attorney instead of this guy.
Just out of curiosity who are some of these wealthy people you represent?
1
Posted on 6/24/08 at 5:21 pm to ShreveportTIGER318
ShreveportTiger318, I regret the tone of my post. I apologize for that. I'm definitely stressed out by the workload and lack of sleep.
However, I stand by what I said. I think you are posting bad advice. There is so much bad advice being spread around here and there, it's hard not to say something. People in the oil biz shake their head in disbelief several times a day with things that are being said. And IMO, you are most definitely giving bad advice.
Nothing like the Haynesville shale has ever occurred around here. Many of the rules are being re-written. By your statements, I think you fail to see that.
I don't want to argue with you, let's drop it.
However, I stand by what I said. I think you are posting bad advice. There is so much bad advice being spread around here and there, it's hard not to say something. People in the oil biz shake their head in disbelief several times a day with things that are being said. And IMO, you are most definitely giving bad advice.
Nothing like the Haynesville shale has ever occurred around here. Many of the rules are being re-written. By your statements, I think you fail to see that.
I don't want to argue with you, let's drop it.
Posted on 6/24/08 at 5:40 pm to justbill
bill, agree to disagree, my response was counterproductive, i honestly was just asking a simple question, but don't think you are the only person on here in the oil & gas business. Hell, probably 1/3 of Shreveport is in the oil & gas business. Some of those ol' boys on Travis Street have forgotten more about oil & gas than I will ever know. I am not going to pretend i know more than anybody, but after researching titles and instruments, dealing with landowners (including my family) myself and my own personal experiences in the oil & gas business, I have never found a single person that has been glad that they sold their minerals (and a few of these individuals were in an incredible amount of debt) or any oilman I know has ever recommended selling mineral rights (then again they are usually always wealthy, at least in the post-bust, and are not persuaded by what would appear to be large amounts to most ). I respect what you do and we both have our own opinions and experiences, I admit I got carried away with my attacks, that was immature and counterproductive.
Can you please answer this, this is not sarcasm, disrespectful, or anything but pure curiosity. It is safe to say that a responsible time to sell one's mineral rights is a)very high offer b)poverty/debt.
If there was an offer that was significant enough to make you consider selling your rights, wouldn't that be a pretty good indication that there must be something that this particular buyer is after and it is worth more than what they are offering?
Like I said this is just pure curiosity, because I know I don't know everything, and I am wanting to hear all possible alternatives to my own opinion. Like you said, the area has never seen anything like this, and things will definitely change.
P.S. could you please do me a favor and lease the properties next to mine, we have a FN clause, and that would be great if they did the neighborly thing and sign a lease for a huge amount.
Can you please answer this, this is not sarcasm, disrespectful, or anything but pure curiosity. It is safe to say that a responsible time to sell one's mineral rights is a)very high offer b)poverty/debt.
If there was an offer that was significant enough to make you consider selling your rights, wouldn't that be a pretty good indication that there must be something that this particular buyer is after and it is worth more than what they are offering?
Like I said this is just pure curiosity, because I know I don't know everything, and I am wanting to hear all possible alternatives to my own opinion. Like you said, the area has never seen anything like this, and things will definitely change.
P.S. could you please do me a favor and lease the properties next to mine, we have a FN clause, and that would be great if they did the neighborly thing and sign a lease for a huge amount.
Posted on 6/24/08 at 5:45 pm to ShreveportTIGER318
I will agree with you about the
"taking advantage of " comment. That is crap, people should educate themselves it is not the responsibility of others and the oil & gas companies aren't to blame, remember they are businesses, they aren't out to lose money.
Long Live Capitalism
"taking advantage of " comment. That is crap, people should educate themselves it is not the responsibility of others and the oil & gas companies aren't to blame, remember they are businesses, they aren't out to lose money.
Long Live CapitalismPosted on 6/24/08 at 6:26 pm to ShreveportTIGER318
quote:
If there was an offer that was significant enough to make you consider selling your rights, wouldn't that be a pretty good indication that there must be something that this particular buyer is after and it is worth more than what they are offering?
We all must understand the inherent risk involved in the oil/gas biz. Sure, the buyer hopes it turns out good and sometimes, he has very strong information and it's likely that he will make a profit and maybe a lot of profit. But in this play, that is rarely the case. There have not been very many wells drilled and not one well has a long-term production decline curve.
Why would anyone offer to buy mineral rights? The clients I have who buy are wealthy. They assume risk. They know that they may win handsomely and they also know that they may lose 100% of what they paid. They are in the risk business. If they are good at what they do (evaluating properties), they will win in the long run. For any one deal, they may lose it all. Risk. They can handle it.
A typical landowner is not in the risk business and it can be quite foolish to turn down a sure thing. For anyone to say that mineral rights should never be sold is doing a disfavor to the landowners of this region. It's just incorrect.
As far as your statement that no one has ever been happy that they sold, I think, again, you are failing to recognize what the HS has done. We have never seen anything like this. If Joe wants to sell and I have a client who will buy and you tell him he's an idiot to sell... and it was enough to pay for his kid's education or a new car or a whatever... perhaps you have done him a disfavor. If a dry hole is drilled hear him and he ends up with zero royalties, you have most definitely done him a disfavor.
There are many people seeking to sell at least a portion of their mineral rights now. No one has a crystal ball. This entire region might be productive. Only 25-50% or less might be productive. Then again, the wells might peter out way before they expect them to. The oil biz is risky.
I hope it does turn out to be the biggest thing ever around here because I intend to work hard for five more years, then retire.
As far as giving you a list of rich people, obviously, I can't do that. But I assure you I get many calls each week from people wanting to sell minerals and the majority are people with large landholdings. Some, very large. If you own a lot of land, you are wealthy by most people's definition.
A sure thing -- cash money -- has tremendous value to some people.
We also have to realize that this play is staggeringly large. No one knows how much of it is productive. If a large part of this play is productive, it will take decades to drill it up. It's simple arithmetic. How many wells can one rig drill in a year. Not many. How many 1500 horsepower rigs are there around? Not that many. That means that a large percentage of people will never see a royalty check before they die. Should they consider selling some mineral rights? Maybe so.
And one last thing you have to realize is that no one said you have to sell all of your mineral rights when you sell. Many elect to sell half, then gamble on the other half. Or a quarter or whatever. They win any way it turns out, whether a gusher is drilled or whether it's a dry hole.
Posted on 6/24/08 at 6:47 pm to justbill
thank you for your response to my question.
Posted on 6/24/08 at 7:03 pm to justbill
Just Bill and responders, I was the one interested in selling some of my minerals.I am very knowledgable about the shale. I agree with Bill that there are no guarantees.I play the stock market and I win and I lose big. This is no different. Cash now is important too. There could be a dry hole drilled and then I would be the winner. It is all a gamble. Bill, I will be in touch with you. It is a small acreage but cash is important to me now. I do appreciate everyone on the board looking out for me.
Posted on 6/24/08 at 7:18 pm to animallover
no problem, best of luck to you. Yea tell me about it, still waiting for the bottom, curious to see what Bernanke does.
Justbill, have you had to deal with the city (Shreveport) yet?
I've heard some humorous stories about their policy on mineral rights.
Justbill, have you had to deal with the city (Shreveport) yet?
I've heard some humorous stories about their policy on mineral rights.
Posted on 6/24/08 at 8:06 pm to ShreveportTIGER318
quote:
Justbill, have you had to deal with the city (Shreveport) yet?
I've heard some humorous stories about their policy on mineral rights.
No, I haven't. Life is short. I don't know if it's worth it, haha. But there are some people on here, who I know, who might have done so.
FWIW, there are some people, when I deal with them, it's just not worth it. I won't go into details but... when you have this much money flying around, it makes it ten times worse.
I tell ya what, you seem like a good sport, I'll take you to lunch sometime. Or meet you at The Cub or somewhere and buy you a beer. I do regret my attitude a few posts back. I am definitely stressed out. Dealing with people in this deal is definitely a challenge. But this is really big, there's plenty to go around. We can all get happy if it turns out good.
Go tigers!
Posted on 6/24/08 at 8:31 pm to justbill
Haha, thanks I appreciate it, I wonder if there is any other internet forum like tigerdroppings.com. Where else but Louisiana could something like this exist.
I bet the Cub will see some nice revenue increases. I bet a big portion of the money earned in this goes there.
Best of luck to you and your business as everybody in NW Louisiana, whether they like it or not, is about to get involved with something big and I think our area will be better because of it. Don't work too hard!
GEAUX TIGERS :geauxtigers
I bet the Cub will see some nice revenue increases. I bet a big portion of the money earned in this goes there.
Best of luck to you and your business as everybody in NW Louisiana, whether they like it or not, is about to get involved with something big and I think our area will be better because of it. Don't work too hard!
GEAUX TIGERS :geauxtigers
Posted on 6/24/08 at 8:49 pm to ShreveportTIGER318
JustBill, my family has some mineral acres on the fringe of this play. We would consider offers to sell these minerals. If you or any of your clients has any interest in details, please email me at injuredskier@yahoo.com.
Posted on 6/24/08 at 10:45 pm to 330ash
(no message)
This post was edited on 7/2/08 at 3:07 pm
Posted on 6/25/08 at 1:53 am to ShreveportTIGER318
LINK
This is the state's Dept. of Natural Resources website. They have maps over laid onto Parish boundaries and much more information all free. TCB
This is the state's Dept. of Natural Resources website. They have maps over laid onto Parish boundaries and much more information all free. TCB
This post was edited on 6/25/08 at 1:55 am
Posted on 6/25/08 at 12:27 pm to TigerDog83
quote:
Samson drilled a well to the shale (Muslow well 12-19N-15W), and they are currently fracing it.
Any new info here?
Posted on 6/25/08 at 3:06 pm to lorilemaris
It is in north Bossier, T23N. The OG asked me not to be specific on terms, most important were: bonus less than $300/ac, Royalty more than 20% net, term 3 years, important clauses: Excludes Haynesville Shale, horiz and vert Pugh clauses.
Sorry so long to answer, other priorities.
Sorry so long to answer, other priorities.
Posted on 6/25/08 at 3:43 pm to dsquareg
That is a very fair lease. Hope they make a well.
Posted on 6/25/08 at 4:12 pm to pittboss33
Pittboss:
Thanks so do I, the money is in the production not the bonus.
I thought it was fair even tho a lot of friends said don't do it!! I don't think, from all I can find that HS extends that far north and I had rather get on with it than haggle. The fact they were willing to exclude HS and include the Pugh clauses convinced me. They "said" they hoped to drill within a year. [
Thanks so do I, the money is in the production not the bonus.
I thought it was fair even tho a lot of friends said don't do it!! I don't think, from all I can find that HS extends that far north and I had rather get on with it than haggle. The fact they were willing to exclude HS and include the Pugh clauses convinced me. They "said" they hoped to drill within a year. [
Posted on 6/25/08 at 4:54 pm to dsquareg
There would be no reason not to do it. The fact that they excluded the Haynesville Shale shows that they don't believe it's up there. People like you who have a level head about this whole deal are few and far between. Too bad it doesn't go up there, more bad news for a struggling town (Plain Dealing.
Posted on 6/25/08 at 5:24 pm to nyvram
quote:
Is this a variable amount?
Yeah, it's based on a lot of variables. Each deal is different, there is no hard and fast rule.
Posted on 6/25/08 at 8:12 pm to justbill
JustBill
I have some land in 15N.Range 16W. Leased months ago. They are offering $25.00 per acre to do seismic. Does that mean a will is going to be drilled in my section soon?
I have some land in 15N.Range 16W. Leased months ago. They are offering $25.00 per acre to do seismic. Does that mean a will is going to be drilled in my section soon?
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