Bee Bayou, LA Richland Country Land for sale in Alto, Louisiana

$9,500

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 Bayou in Richland Parish.
The Sacksonia Gas Field lies to the Southeast of the leased properties.
See the attached documents for full details on the leases. Leases are recorded in the office of the Richland Parish Clerk of Court. Buyers should review the leases, or have them reviewed by their own legal professionals, prior to making any offers to purchase. Neither RecLand Realty, LLC, nor its agents, make any claims or guarantees regarding any potential lease/royalty income from these leases. All lease information shown here has been provided to RecLand by 3rd parties.
Price: $9500
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