80 acres in Bienville Parish, LA - Haynesville Shale Get Land, timber and 100% minerals in hot Nat Gas area Start Price USD 1,800,000.00 Current Price USD 1,800,000.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Monday, August 25, 2008 End Time Wednesday, September 24, 2008 Location DIXIE, USA See more about '80 acres in Bienville Parish, LA - Haynesville Shale' Description tashabay716 Store 80 wooded acres located in Bienville Parish, Louisiana in Section 9, T15N, R8W on Hwy 792 in the middle of the hot Haynesville Shale natural gas discovery. Planted about 12 years ago in plantation pine on plowed and beaded rows. Great wildlife area with lots of white-tailed deer. 100% of the minerals will be assigned to the purchaser. Very clean title for quick closing. Purchaser gets land, timber and 100% of the minerals for $1,800,000.00. Purchaser could pay for the property in lease bonus payments alone with a few years of oil and gas leasing. Purchaser could pay for the property in 4-6 months of royalty payments if a well is drilled in the unit that the property is located and the well produces like the most recent wells drilled in the Haynesville Shale. This property is NOT currently under lease. Similar properties in the area have leased for $4,250.00 - $7,000.00 per acre for a 3 year lease with a 25% royalty retention. Properties just 15 miles away have reportedly leased for $22,500.00 per acre for a 3 year lease with 27% royalty retention. This property would make a great investment property as well a providing recreation potential.   Place a Bid!