Haynesville Shale meetings

By
Real Estate Agent with Friestad Realty

There have been tons of meetings in Shreveport, Bossier City, and surrounding areas concerning the Haynesville Shale.  I've heard so many stories of new companies being started, retired folks being taken advantage of, and attorneys getting huge payments for negotiating leases.  But the best stories are of the landowners who own 6 or more acres and never dreamed of getting such large lease bonuses on their property.  Lives are being changed mostly for the good.  I'm curious to see how our city will change when wells begin to produce.  It's exciting for sure. 

But that brings me to a point, most landowners still do not have themselves in an organized group.  It has been shared numerous places that it's best to group your land with other landowners in order to negotiate a larger lease bonus.  I've gathered my neighbors together and have been contacting them every week to inform them on what is going on.  In doing so, I've run into a few other people who are doing the same thing and we are joining together.  There are no fees being charged by us, but the attorney that will handle the lease will be compensated a flat fee that is very low compared to other attorneys in town. 

If you know anyone in the area who has yet to sign a lease with a company, please send them my email and have them get in touch with me at Friestad Realty, OR they can come July 1st, 2008 at 6:30pm to the Forty & Eight Club on S. Lakeshore in Shreveport.  (Go west on S. Lakeshore off of I-220, past Jolly Napier on the right side of S. Lakeshore, look for the canon.)  We will have a very informative meeting with Mr. Rellis Godffrey, a certified Oil and Gas Attorney as I have been told.  I plan to ask lots of questions on resale of homes, our real estate market and how it is effected in Shreveport and Bossier.

If you haven't gone to a meeting yet and you own your mineral rights, it'll definitely be worth your time to come. 

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bossier city real estate
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Anonymous
AubreyJ

Great article and thanks for the info...

AubreyJ.........

Jun 27, 2008 07:12 AM #1
Anonymous
Frank De Long

I live on 121 Atlantic Ave. in Shreveport and i own my mineral rights but only have about a half an acre of land. Is there any chance that the oil companies will be leasing mineral rights off of people in shreveport? thanks in advance for your time..       Frankie

Jul 26, 2008 05:59 AM #2
Anonymous
Kerry Friestad

Yes, it appears the oil and gas companies are willing to lease out as much land as they can in Shreveport.  I'd call around to your friends and family and see if there is a  group of landowners in your area working together to get leases on their properites.  I hope that helps,

Jul 26, 2008 06:38 AM #3
Anonymous
Shannon Hollier

I live on Clingman Drive (Broadmoor) in Shreveport.  I received a letter from a company interested in a land lease and royalties.  If I received a letter, I'm sure everyone else in the Broadmoor area has as well.

How can we go about putting as many landowners as possible together in order to negotiate the best price?

Jul 29, 2008 08:03 AM #4
Anonymous
kerry friestad

You may want to search online for a neighborhood group association, just in case there is already one but if you can't find one the best thing to do is put out a flyer of some sort in your area to get people working together to organize.  If you can put out flyers on every 4th home then when they call you, you can encourage them to reach their neighbors to the side of them and in front of them.  That way it's less work for  everyone.  Or if you know someone on each street, you could get them to cover their street.  Once you get a small group organized, then hold a meeting and work from there.  We just got a letter from Twin Cities for $17,500 bonus per acre for our section.  This was unexpected since we didn't negotiate with them for it.  It makes me wonder, why such a large amount upfront?  But our area has 3 diffferent groups all working to do the same thing, so Twin Cities realizes that we are serious, and their past attempts to sign us at $7500 have not been successful.  I'd go to any meetings that are in your area and network.  But the main thing is to keep everyone unified and on the same page -- and don't get greedy!  I hope that helps!  I will tell you, it's alot of work!  You may just want to hire someone to do it for you.

Jul 29, 2008 08:29 AM #5
Anonymous
Thunder Dave

I purchased a piece of property just south of the fair grounds in Shreveport at a tax sale several years ago.  I am looking for a group to join in that area.  Can anyone help me out here?

Sep 05, 2008 09:36 AM #6
Anonymous
Anonymous

Do you have a deed to the property and own it out right now, where there is no chance the previous owner can redeem the taxes? 

I don't know of a group in that area.  Sorry!

Sep 05, 2008 09:43 AM #7
Anonymous
Thunder Dave

I have the tax deed.  It was sold for taxes 20 years ago.   I aquired the deed 17 years ago.  Not much acreage.  Only 50' X 135'.   I have been thinking about doing a monition.  I never thought it was worth it until now. 

Sep 05, 2008 11:36 AM #8
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