When you least expect it up comes a piece of good luck or fortune. Received word that someone is interested in leasing the mineral rights on Angeles again. Turns out it is Anadarko Petroleum.
Strange sounding lease. $150 per acre for three years with an option for two more years at $75 per year. The $150 was said to be the bonus, like they are doing us a favor or something. Lots of questions.
I did a web search on Anadarko and Pointe Coupee and came up with the LaCour Field. Never heard of it. Well of course not, it is new. But it is based on the old Pennington well and the Austin Chalk formation, not gas but oil.
Austin Chalk extends from Austin Texas over to Biloxi, MS. And it runs right under the plantation. But it extends down to 16,000 feet or so in depth.
Any rate we are hearing good and bad things and will go with a lawyer this time for the lease. We can get a lawyer for $2 per acre to negotiate the lease for us.
I had thought all such activity was long gone and here it is again. As my grandfather once said, "Its like finding money in the road. You did not do anything for it, you just get it." The place has probably been leased five or six times over the years.
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2 comments:
Retire Military? Thanks for your service to our country. What did you do?
Thomas, I am a retired Colonel from the USAF. I was an aircraft maintenance officer for the most part. But along the way I was a squadron commander (twice) and subsequently a Deputy Commander for Maintenance. It was 26 years and it fit me well.
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