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).