Replies to This Discussion

Permalink Reply by Duster on June 30, 2008 at 14:55

I also need to know. I would like to lease in the 4-6weeks (along with a few others in red river) and saw where these two companies leased state land (next to me) for big bucks weeks ago. But are they operators? And does anyone know who these people are? !!!!. Does it matter?

MANNA ACQUISITIONS, LLC $13,179.00 $17,179.00
RED RIVER 11, 12, 13, 14, 18, 19, 23, 24, 7 T13N R10W, R11W

PINNACLE LEASING, LLC $13,777.00
RED RIVER 11, 12, 13, 14, 18, 19, 23, 24, 7 T13N R10W, R11W

• ▶ Reply

Permalink Reply by SOLAOGA on July 1, 2008 at 6:18

These companies are probably land companies hired by larger companies to acquire leases. You can go to the Secretary of State's website and search the corporation database for information on the company. If they are in Shreveport or Lafayette, they are more than likely land brokers, and not the gas company.

• ▶ Reply

Permalink Reply by Randy on June 30, 2008 at 14:58

The con is that you don't know who the operator will be. It could be a horrible operator that cares nothing about the environment or your peace of mind, safety, security, or sleep. I don't like to use absolutes, but I would NEVER sign a lease without knowing the final operator and checking their background.

• ▶ Reply

Permalink Reply by Snake Stewart on June 30, 2008 at 15:21

Con being that he has to sell to somebody else. If he were not in the deal , that would leave more money for mineral owner.If you are working directly with big O & G you are more likely to get paid in a more reasonable time frame.I know of only one Pro and that would be if your property was undesireable to big O & G and someone leased your land thinking they could turn around and make a profit. Cutting as many middlemen out of the equation as you are comfortable with can save you a large sum of money depending on all the factors of course.

• ▶ Reply

Permalink Reply by insomniacnla on June 30, 2008 at 15:31

You can ask the landman who he is leasing for and insist that their name be on the lease. Like Twin Cities leasing for Chesapeake, make sure that is it Chesapeake who is listed as the company leasing your land.If you can lease direct with the company, you may not have to worry you are being shorted just because the landman wants to make a huge profit.

If the landman says he does not know who he is leasing for...

• ▶ Reply

Permalink Reply by Kassi on July 1, 2008 at 9:09

You can also contact the O&G company directly to verify someone is working for them.

• ▶ Reply

Permalink Reply by herefordsnshale on July 1, 2008 at 2:37

Look at the initials after the comapny name, if you see an LP (Limited Partnership) after the name it is probably an investor group. If you see LLC (Limited Liability Corporation) that is probably a "middleman" who will flip the lease for a profit. It's pretty safe to say companies with these initials are not operators. But some corporations may not be operators either, the best policy is probably to check out any company you've never heard of.

• ▶ Reply

Permalink Reply by ttaylor on July 1, 2008 at 8:55

I know for a fact Manna leases for Chesapeake.

• ▶ Reply

Permalink Reply by RAY on October 9, 2008 at 1:29

who are the small operaters, they should be moving in for the kill,to lease those who CANT wait !

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on October 9, 2008 at 1:59

herefordsnshale, you may be correct on the LLC but LP is used by Chesapeake on many of their leases that I review. Chesapeake Louisiana LP.

• ▶ Reply