Kimball County, NE - Oil & Gas Discussion

Comment

Comment by David Gifford on March 22, 2012 at 8:38pm

We just received an offer for 12N, 56W of $25/acre for 5yr. and 5 yr. option.  This is after not signing the first offer of $10/acre for two years with extensions at not much more.

I have a question about SHUT-IN WELLS.  The agreement says if they find a well capable of producing gas or oil, they can, at their sole discretion, cap it and pay us $1 per year per acre with the option of reducing the number of acres they lease.  Can they tie up the well and reduce the lease to 1 acre and pay us $1/year?

Comment by John Hinshaw on March 21, 2012 at 5:35pm

We just recently received an offer to lease minerals in 13N, 55W. Initial offer was at $10/acre for a 5 yr lease plus a 5 yr option.

Comment by Linda Thomson on March 15, 2012 at 12:42pm

We've just received a "Geophysical Permit and Exploration Easement Permit Agreement" from the company that holds our lease. Anyone know what this involves?

Comment by VICKY HOOVER on March 9, 2012 at 1:56pm

Can any one connect us to a land man who is making offers?  We inherited a small interest formally a Texeco Interest, but played out in 1998.  I have a

tollfree number  1.888.700.0513.  Do not know too much about it except it would be hard to find the heirs, myself without this forum.  I really appreciate this forum and any info.

Comment by Curt Horne on January 31, 2012 at 2:18pm

I own a small mineral interest in the S/2 of Sec. 22-13N-54W, Kimball Co., NE. I have been offered $15/acre for a 5 year lease, with a 5 year option at $15/acre, and a 1/8th royalty. The contract landman is of the opinion that his is a J sands prospect, but the company website is hinting that they may also be looking at it as a horizontal shale play. Any thoughts?

Comment by R.A.P. on January 13, 2012 at 11:16am

I'm not familar with reasonable lease rates down there, I would think that closer to Colorado would be better because of the sucessfull wells they have hit down that direction, but the shale play may not reach that far into NE near the boarder.  In WY by cheyenne they have leased as high $1000 an acre or more during the boom in 2010.

Comment by David Gifford on January 12, 2012 at 5:15pm

R.A.P.

Thanks for the response.  Dad's rights are in T12N ,R56W that is right on the Nebraska, Colorado boarder I believe it is about 2 or 3 miles west of Hwy 71.  Any idea of values there?

Comment by R.A.P. on January 12, 2012 at 10:08am

David,  I have an offer on the table for quite a bit more per acre than that, but I understand that certain parts of Kimbal county definitally have higher lease values than other parts, these are in T16 R57.  I also know that the number of mineral acre's you have can affect the price. I haven't signed anything yet but the offer has been made. However it would be a 5yr lease with a 5yr option.

Comment by David Gifford on January 11, 2012 at 9:13pm

Dad just receive an offer $10/acre for 2 years with their option to extend to 7 years and again for another 3 years at a bit more per acre.  

Comment by R.A.P. on January 6, 2012 at 12:14pm

Thanks for the intel.  I was contacted by company wanting to do siesmegraph (sp?) work on my land but I hadn't leased all the mineral rights yet.  I asked to talk to the company they where working for.  Now I'm playing phone tag with the landman in regaurd to a potential lease so we'll see what happens.  I was able to lease a little bit back in July for about 200 an acre...I'll keep you posted.

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