Looking for valuation of 200 acres of a currently leased parcel of 200 acres in the William Chapel Survey A-169.
The 2 companies listed on the forum were of no help.
Does anyone have an honest company or person to recommend?
This is a new play, so there is a lot of speculation. The wells they have been drilling are producing 10-20 MM in revenue in the first year or about $5K per acre per well, but you are quite a ways away, so you may not see anything for a while. Most likely your lease will expire, then you’ll have another opportunity or two. So factor in a few bonus payments every 5 years with time value of money, then royalties starting for the next thirty years in ten years on one well, then 5 years later on another 4 wells. $0.02 worth of help.
In other words, it is difficult to value without some idea of when they plan on developing it.
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Comstock is the best company to lease to in Leon County, Texas. Their lease broker is Surprise Valley Resources. $1,000/acre, 1/4 royalty, 3-year lease. They will pay you.
She is already leased. She is much further east than the easternmost drilling to date. Like 20 miles east.
It’s gas. Right now gas isn’t worth much of anything. There haven’t been many wells drilled in the play. nop_llc kinda summed it up, a valuation is very very subjective. If you get 2-3 wells it’s worth a decent amount but the odds of that in 2-10 years are what…1%, 5%, 10%? 
Hard to value something when it’s either worth zero or worth a decent amount and even professionals are just wildly guessing at the chance of either happening.
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There is some unreported leasing activity in the Northeastern area of Leon County at the present time. Also, there have been a group of landmen in the Houston County Courthouse for over two months. Only in the last week have they started contacting mineral owners. The Deep Bossier gas play is not the only play. Also, the Haynesville Shale formation tends to be different as you get farther East. Some people are very negative about the oil and gas industry, so I would not pay any attention to negative stuff! Don’t let them “talk you down.”
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