80 Net Ac Mineral Lease in Bee Bayou Area

80 net acres of Oil and Gas Leases in Richland Parish, LA

For sale are 3 Oil and Gas leases only in Richland Parish, Louisiana, covering 80 net acres of mineral rights.

NO LAND IS BEING CONVEYED...ONLY OIL & GAS LEASES.

2 leases are located on an 80 acre tract of land described as S of SE 1/4 of Sec. 31, T18N, R8E and collectively consist of 40 net acres of mineral rights. These leases are for a term of 4 years commencing on Jan. 15, 2013 and pay a royalty of 20% of net production. In addition, the leasee has the right to extend the lease for another 4 years for the amount of $150 per acre.

The 3rd lease is located on an 80 acre tract of land described as W of SE of Section 17, T18N, R8E and consists of 40 net acres of mineral rights. This lease is for a term of 5 years commencing on Jan. 15, 2013 and pays a royalty of 20% of net production.

These properties are located north of Bee...