Quote:
Originally Posted by cgoods17
my understanding is they go up for lease every 5 years unless someone cant pay.
im pretty sure anywhere worth a crap is a pretty penny....
whats that famous saying, "you pay, for what you get"?
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Yes I believe they go up for auction every 5 years or the lease holder can pay 25% more or something like that to avoid an auction.
Between the bidding wars and paying more to avoid a bidding war I can imagine they not cheap.
I also know its South Louisiana Politics and the rules may be subject to change depending upon the leasee.
You prob know this already but I tell people looking for a lease to call the Oil Companies and try that route. Way cheaper, and you don't have to deal with someone snaking your spot for the most part.