"RUMOR MILL" computing residental lots acreage.

I heard:
that some O & G boys are not paying for 1/4 acres,but 1/5 acres.
thats a $1,000 difference on a offer of $20,000 per acre

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Permalink Reply by ledlights on July 20, 2008 at 18:39
Right, the bigs have of course been in natural gas, what they haven't been in to any great extent is these "unconventional" plays. Now it has their attention, and they have the resources to buy their way in, buying leases - e.g. BP's just announced purchase of Woodford shale properties from Chesapeake and/or buying the technology by buying "independents" who do have experience with unconventional extraction.
Permalink Reply by Dorcheated A1 on July 20, 2008 at 23:24
Les, I agree with you for the most part, But with BP'S purchase of 90,000 acres in the Oklahoma play they are moving in quickly.
Permalink Reply by Les Bamburg on July 21, 2008 at 18:43
Pat & Ledlights, yes I am intrigued by the BP move. They have been fairly active in the Rockies so maybe feel they can tackle the shale plays. It just might be some old Amoco hands leading the charge.
Permalink Reply by drillbit on July 21, 2008 at 4:59
I heard a story yesterday where an employee of a E & P company in the HS got his paycheck and the company name on his check was a company other than the one he thought he was working for....the name was not a known affiliate of who he hired on with. Probably no truth in this though. Go figure.
Permalink Reply by RAY on July 21, 2008 at 10:03
drillbit,
its probably true....there are so many under the table deals going on...
I was dealing with this agent,supposely representing CHK,but he forgot who I was and started pushing Petrohawk
Permalink Reply by Natch N3 on July 21, 2008 at 15:14
Permalink Reply by Snake Stewart on July 21, 2008 at 16:44
Nice post kiddo' , Keep up the good work !
Permalink Reply by Natch N3 on July 23, 2008 at 9:26
Permalink Reply by Natch N3 on July 24, 2008 at 4:04

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