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Comment by Muddigger on January 17, 2009 at 20:17

Minus the optimism, I would say that Lerret is the landman working the deal against MC Ward and Family

Comment by Lerret on January 17, 2009 at 17:00

Under current market conditions, the $25,000/acre stuff is gone...long gone and may not return for some time, years. If $500 is unacceptable, then expect to wait a while. You can probably squeeze a few hundred more out of 'em but we have a number of companies who went 'on the ropes' financially from July's peak gas prices to the present time. There will be a lot fewer players in the coming months.

Comment by Cathaus on January 14, 2009 at 7:58

$500 an acre isn't bad as long as they are agreeable to a royalty of 80%!


Cathaus, dreamer of the impossible