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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Broken_Clock who wrote (21213)5/3/1998 2:25:00 PM
From: stevedhu  Read Replies (2) of 95453
 
Papaya, I realize you are a long way from Louisiana, but you were the last post so I figured I would start with you, and with luck someone on this thread will be able to answer the question. Does anyone know what the average BPD production in Louisiana is? It seems that a long lost relative passed away and in time it was found out that my dad is one of the hairs, 1/30th to be exact. There is land involved and one parcel is 96 acres which is being leased by an E&P Co. (which one unknown at this time, but I will find out) for $500.00 per acre for the first 3 years and $200.00 and acre for the last 2 years, plus 25% of all oil, and or gas produced. All the royalties will be divided 30 ways of course, but 1/30 is better than nothing the way I look at it.
Thanks in advance and take care.
Steve
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