Lots of interest in buying my Caddo Parish rights-- is there lithium there?

General Mineral Rights Discussion
1

Hi all, I remain pretty ignorant about rights, and have learned what I can from you on this forum– thank you.

BPX, the main driller on my Caddo land in the Hayneville Shale complex, is trying to buy my rights from me, as are a handful of other companies including Maven. Maven offered 10k and BPX 8.5 k per acre. As a skeptic, I assume something is happening that these companies want, and my husband has read about the Smackover Formation and the possibility of lithium. Does anyone know good information about this topic/area? I would love to sell and pay off bills, but I am balancing that need with the idea that I might be making a mistake not waiting for a bigger payoff related to lithium.

Thanks in advance for giving me your thoughts!

2

Well the money is in oil and gas, lithium is not worth that much, compared to oil and gas , I do know that you will have taxes to pay when and if you sell, personally these oil companies will make a lot of of your minerals, I would not sale !!! You be glad you didn’t when you start getting mail box money, just my to cents, I live in caddo and have interest in Arkansas! Lithium will be a long time before it get delivered to markets! Hope this helps some? Good luck

1 Like