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Natrual gas drilling ?s
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<blockquote data-quote="backhoeboogie" data-source="post: 303187" data-attributes="member: 3162"><p>I've got a well recently near Marshall in the cotton patch. Got six wells being drilled in the Barnett Shale here. Best thing I can tell you is to hold out for all the nickels you can get. Right now land is leasing for $1500 an acre, 25% royalty, and $50,000 for a 5 acre drill pad. Check the Hood County News for Saturday two weeks ago to see the article. Just three years back $325 an acre and 20% royalty was a deal you could feel good about. </p><p></p><p>They are paying $10 a foot for gas line through your place. You can only hope they take the longest diagonal route across your pasture. </p><p></p><p>I only wish I had bought more land 30 years ago. I passed on 50 acres at $1,000 an acre 20 years ago. It just leased for $1375 an acre and 25% royalty. </p><p></p><p>If you can buy land cheap with minerals, buy it.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 303187, member: 3162"] I've got a well recently near Marshall in the cotton patch. Got six wells being drilled in the Barnett Shale here. Best thing I can tell you is to hold out for all the nickels you can get. Right now land is leasing for $1500 an acre, 25% royalty, and $50,000 for a 5 acre drill pad. Check the Hood County News for Saturday two weeks ago to see the article. Just three years back $325 an acre and 20% royalty was a deal you could feel good about. They are paying $10 a foot for gas line through your place. You can only hope they take the longest diagonal route across your pasture. I only wish I had bought more land 30 years ago. I passed on 50 acres at $1,000 an acre 20 years ago. It just leased for $1375 an acre and 25% royalty. If you can buy land cheap with minerals, buy it. [/QUOTE]
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