TheHat

I dont know if anybody here knows about this, but the Haynesville Shale, which is a natural gas field has been dubbed the next gold rush.

And yours truly, TheHat, is sitting right on top of it!

I will be frank. Right now, people I know all around me are getting anywhere from $200-$4,250 per acre upfront. This doesnt include the 1/4 and 3/16 royalty per mineral acre taken afterwards by the wells themselves. Who is giving out these large lump sums of dough? The oil and gas companies. They are willing to give people top dollar in order to lease their land for at least 5 years.

I have a couple of old friends whose families are going to be raking in over $54,000 a month from this. A MONTH, not a year, A MONTH!!!!! I will let you do the math on that one.

Of course, one must do their homework to find out how big a chunk you can get. If you take the initial offers from the O & G companies will be doing yourself a huge mistake b/c that is just an initial offer from the O & G company.

As of right now, I have an initial offer, I wont say how much, but I will soon be negotiating it up to the gentlemen whom I know is getting the $4,250 per acre.

This guy I am talking about had an initial offer of only $300 an acre. So he asked around and found another O & G company dishing out $4,250/acre, so he went back to the othe company that gave him the initial offer and asked for the same the other guy was getting. The O & G company told him if he shows them the receipt from the gentleman getting the $4250/acre then they would be happy to do the same.

And whats more? Everyone in the northwest corner of Louisiana now knows about this and the prices are only getting higher!

If you want to know more about it, google: Haynesville Shale.

The O & G gold rush is acomin!

notahack

are you looking to adopt a grown man

__________________
"We have met the enemy and he is us" Pogo

TheHat

Hey hack! No new news as of late on this.

Now, I cant say that for others in the area, the price per acre keeps going up if you own alot of land.

Stay Tuned!

FRYandBENDER

Congratulations, I hope this opportunity serves you well.

__________________
Neither am I the means to any end others may wish to accomplish. I am not a tool for their use. I am not a servant of their needs. I am not a bandage for their wounds. I am not a sacrifice on their altars. ... I owe nothing to my brothers, nor do I gather debts from them. I ask no one to live for me, nor do I live for others. I covet no mans soul, nor is my soul theirs to covet.

Ayn Rand, Anthem.

Common insult examples and how to avoid them

TheHat

UPDATE:

Got another letter in the mail.

Royalty is up to 1/4.

Price per acre is now at: $5,500.

And it keeps going and going and going.....

notahack

hat, is that per acre per month? Also, the 1/4 royalty, is that 25% of the net profit, gross profit ?? I'm curious but heck i'll let someone mess up my yard for a good monthly fee with a condition that it must be returned to it's pre-use condition (and if it can't be, then they buy it) and they are responsible for any superfund cleanup fees

__________________
"We have met the enemy and he is us" Pogo

louie

Did I say how much I love you TheHat?
sounds cool

TheHat

The $5,500/acre? That is what the oil and gas companies are willing to dish out for every acre of land a person owns to get into a lease. So if I have 200 acres of land, multiply that by $5,500/acre and you get 1.1 million for the signing bonus upfront just for signing up.


the .25 royalty is a per day thing. If a well, like the one in Elm Grove that is dishing out 18 mcf/day, is dishing that out and what not, if you own a quarter of an acre, then per day you would get about $500 depending on the price of gas at that time. Now, the kicker is that is per day, per well producing. In our area they want to drill 6-8 wells on a 640 acre tract of land. So you would then multiply that $500 a day times the numbers of well pumping at the time.

We are talking big bank hank here!!!!

Bingo!

Here is another local news story on it.

Haynesville Shale: So far, so good!

__________________
"Get out there and nail everything you can!"

Wraith

Congrats Hat. BTW need a new bestest friend for life?

__________________
"Oh people, know that you have committed great sins. If you ask me what proof I have for these words, I say it is because I am the punishment of God. If you had not committed great sins, God would not have sent a punishment like me upon you!" -- Genghis Khan, Bukhara 1220

Grokmaster

Congrats! I tip my hat the The Hat,you Capiltalist Pig !!