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Update on Eagle Ford Shale
Replies to This Discussion
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Permalink Reply by Scott C. Suffel on -
Lease Bonuses really are dependent on a lot of things in South Texas. I have heard people signing for $1200.00 with a 25% royalty for all depths. A few months ago, a gentleman in Webb county signed for $250.00 an acre and 25% royalty, but that was only for the shallows. If you are in a prime area, and have all depths open, then I'm sure the bonuses are far north of 1200.00 by now. If you are just now being approached, then you are probably out of the "prime" area. However the "Prime" area keeps expanding. If you know of anyone in Webb County that has open acreage, please let me know. My firm will pay top dollar for their lease.
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Permalink Reply by Marshall Diamond-Goldberg on -
It does depend on whether you are in the gas/condesate window or in dry gas window. If the latter, the lease value will be much less due to the poorer economics for gas. While a 25% royalty is possible, it also depends on the activity around your acreage and the overall size of the mineral acreage that you have. Where are the minerals and what size of acreage do you have??
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Permalink Reply by Rusty Ferguson on
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Our property is listed as Refugio County School Land Co. Survey #7, A-397. It consists of a pool of 290.7 acres. Our last lease expired in April from Milagro Exploration but they only drilled down to the Austin Chalk formation. Even so, their production was consistent which leads me to believe that there is even more hydrocarbons available in the source rock of the Eagle Ford Shale. Whether the product is in the gas/condensate window or dry gas window, I wouldn't know (I don't have that information in front of me).
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Permalink Reply by Marshall Diamond-Goldberg on
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It looks like the land is in the dry gas window of the Eagle Ford play. Not much activity is taking place because of low gas prices so I wouldn't expect to see anything above $1,000 per acre at this time. As the play develops, there may be more information on nearby wells which may make your acreage more attractive to interested lessors.
Rusty Ferguson said:Our property is listed as Refugio County School Land Co. Survey #7, A-397. It consists of a pool of 290.7 acres. Our last lease expired in April from Milagro Exploration but they only drilled down to the Austin Chalk formation. Even so, their production was consistent which leads me to believe that there is even more hydrocarbons available in the source rock of the Eagle Ford Shale. Whether the product is in the gas/condensate window or dry gas window, I wouldn't know (I don't have that information in front of me).
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Permalink Reply by Mark Williams on
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Any idea on how active Leon County, Tx is, in the Eagle Ford play?
Marshall Diamond-Goldberg said:It looks like the land is in the dry gas window of the Eagle Ford play. Not much activity is taking place because of low gas prices so I wouldn't expect to see anything above $1,000 per acre at this time. As the play develops, there may be more information on nearby wells which may make your acreage more attractive to interested lessors.
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Permalink Reply by Randy Sisk on
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Three acres, Lavaca County, with companies contacting us quarterly about what sounds lke simple mineral rights to oil.
Randy
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Permalink Reply by Clay Wommack on -
HI all, through inherritance, I own 1/3 of 1/3 of 1/2 interest in rights for approximately 1,000acres in Atascosa County, Tx. We signed a lease (3 years) with renewal rights on our interest last 12/09. no biggie, been through this before.
We have now received two letters from Texas based financial planners asking assitance for wealth planning _ha however this last letter referenced that I am a royalty owner in Eagle Ford Shale-news to me.
Any thoughts? I researched Eagle Ford and it does appear quite active in that area. Thanks in advance,
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Permalink Reply by J on
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What area on Atascosa County is your property located? Certain areas of this county are pretty hot.
Clay Wommack said:HI all, through inherritance, I own 1/3 of 1/3 of 1/2 interest in rights for approximately 1,000acres in Atascosa County, Tx. We signed a lease (3 years) with renewal rights on our interest last 12/09. no biggie, been through this before.
We have now received two letters from Texas based financial planners asking assitance for wealth planning _ha however this last letter referenced that I am a royalty owner in Eagle Ford Shale-news to me.
Any thoughts? I researched Eagle Ford and it does appear quite active in that area. Thanks in advance,
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Permalink Reply by Jim Ed Holmes on
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Would you be willing to sell your mineral acreage?
jehhydrocarbons@gmail.com
Clay Wommack said:HI all, through inherritance, I own 1/3 of 1/3 of 1/2 interest in rights for approximately 1,000acres in Atascosa County, Tx. We signed a lease (3 years) with renewal rights on our interest last 12/09. no biggie, been through this before.
We have now received two letters from Texas based financial planners asking assitance for wealth planning _ha however this last letter referenced that I am a royalty owner in Eagle Ford Shale-news to me.
Any thoughts? I researched Eagle Ford and it does appear quite active in that area. Thanks in advance,
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Permalink Reply by Steve on
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PLEASE FOLKS!! I understand the excitement of your possible windfall of "found money" and I realize all the freedoms and possibilities that may be provided to you by these, but before you make YOUR decision please watch the documentary "Gas Land"..…
Thank You
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Permalink Reply by Phase Dos on
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Steve,
Quit drinking the kool-aid and stop trying to sell it here. Gasland is a load of BS and if you believe that crap you might as well assume Oliver Stone is a historian and not a film maker. The facts in Gasland have been completely refuted by several government organizations. See here for the response from the COGCC:
http://cogcc.state.co.us/library/GASLAND%20DOC.pdf
If you want to sell that hippie propaganda, I suggest you grab your banjo and hop in a VW bus en route to San Fran. The people here are hard working Americans that want to see their energy produced, purchased and used from and in the USA. Isn't that better than giving it to the America hating countries to the east?
If anyone is concerned about their water, add a water well testing provision to your lease. If you don't trust the operator, call the COGCC. They will test it for you for free. Yes...free!
In closing, I would like to say God bless the USA which is the ONLY country in the world that minerals can be owned by private everyday Joes like you and me. That's a fact.
Steve said:
PLEASE FOLKS!! I understand the excitement of your possible windfall of "found money" and I realize all the freedoms and possibilities that may be provided to you by these, but before you make YOUR decision please watch the documentary "Gas Land"..…
Thank You
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