It's an oil & gas find called the Haynesville Shale.
Going rate is a 3 year lease for $6k per acer and 25% of royalties.
I have 5 other lots too.. this is kinda a nice surprise.
The shale is deep... 10,500-12,000 ft down and requires horizontal drilling to extract it.
Going rate is a 3 year lease for $6k per acer and 25% of royalties.
I have 5 other lots too.. this is kinda a nice surprise.
The shale is deep... 10,500-12,000 ft down and requires horizontal drilling to extract it.