Would love to know recent lease offers on properties in Wilkinson County. Received offer of 250/acre on 3 year lease with 250 acre/with 2 yr. option. 20% royalty. Approx. 50 acres.
What area of Wilkinson County are you in? We have been haggling for months with $200 acre, $200 renewal and 1/4 royalty. The company will not budge. There is no doubt that we are being taken advantage of badly but what can you do? There are no better offers coming forth.
I contacted a company called Petroleum Partners. They are leasing for Encana. I am waiting for an offer. According to the woman I spoke with Encana is expanding their leasing in Wilkinson County, that conversation happened about 3 weeks ago. I will update when I actually have an offer in hand. I only have 17 acres in Wilkinson County. I am 18-13N-2W.
Somebody out there is leasing, why would anyone not be willing to help their neighbors?
Thanks for sharing, Jane.
Crosby Lumber recently leased 1000 acres in the northern northern Townships. If people would cooperate,
we could probably have the leasing price up to at least $500 acre by now. The way it is playing out, we are in the fairway of the most lucrative parts of the productive drilling area. See the website Tuscaloosa Trend and you will see what I am talking about. If you don’t, let me know.
Just wanted to let you all know that I had a call from the Encana contact and was offered $300 and 1/5 royalty. I told her that I really am not worried about the bonus but will not sign for less than 1/4 royalty and language that will assure that I have no cost royalty. She said Encana is offering no more than 1/5 presently, I told her to give me a call when they did, I feel sure that will happen. I am originally from north Louisiana and have property in the Haynesville Shale. I am looking much more in the long run than the short gain.
Jane,
I contacted Encana (and quite a few others) about leasing. Encana told me that they were not leasing in my area right now. I was flabbergasted because they are all over the top of me already. I only have 168 acres so they may be going after the larger tracts?
How large is your tract?
Bob
Very small, just under 18 acres. I spoke with Petroleum Partners. They are leasing for Encana. I contacted an email address on their website, contact@explorationland.com. I gave them my description and they called me back the next day. If you contact them I would prefer you do not use my name, I am hoping for better terms and would rather my name not be mentioned.
Thanks,
Jane
Present offer is: 300/acre on 3 yr. lease with 250 acre/with 2 yr. option…20% royalty…
After several months of inactivity, I got a call last night. I am supposed to receive details by e-mail in the next day or so. Anybody dealt with Stone Energy?
Didn’t accept latest offer, please let us know what Stone Energy offers?
I am now discussing leases with a couple of companies (including Stone) in various parts of Wilkinson County. The best offer I’m getting for a lease bonus of $300 an acre is a 20% royalty. I think that if I took less on the bonus side (like $250), I could get the royalty increased (to like 25%). Are any of you getting better deals? Thoughts?
Howard,
I have been dealing with Stone for several months and will share with you on here in a little while…
Bob Buie Sr
Just began leasing in December 2012 with Merlin Oil & Gas …20% and 25%…only 16 Acres Section 23 and 28 Township 1 North - Range 1 West.
Just began leasing in December 2012 with Merlin Oil & Gas …20% and 25%…only 16 Acres Section 23 and 28 Township 1 North - Range 1 West.