enough is enough
what everyone think if chesapeke would stop airing that show they could save all that money and pay us more for our leases
Views: 147
Replies to This Discussion
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Permalink Reply by Dan Carter on
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They serve their purpose: providing an uneducated electorate with good and accurate information. Of course, they have their angle but since they have leases on some of the largest gas plays in the US...they are making an investment in their ROR.
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Permalink Reply by North LA on -
Come on man. Personal attacks don't do anything but cause a thread to be a flame session from which no one benefits. There are other ways to get your point across. Use your higher I.Q.
I totally agree with your last paragraph.
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Thanks, but the thread began as a flame.
Too many people think the O&G companies should shuffle to their doors with bags of money and beg them for a lease. The first post is a great example of that mentality.
People need to quite griping...they need to educate themselves and treat this like the BUSINESS transaction it truly is! The O&G companies are out to get you, if you are not prepared because that is their job!
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Permalink Reply by P.G. on
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Folks ARE getting educated!
The oil and gas companies have taken all the easy candy they are going to get and now the kids have wised up to these bullies!
Now they are going to have to start paying a fair value for their minerals for a change! Maybe the O&G companies should stop whining!
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Permalink Reply by North LA on
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You still don't get it do you. These companies took a risk when the play first started. They set up rigs and drilled at a cost of $8,000,000/rig with no guarantee of return. A lease is worth whatever the land owner signs for so a year ago the lease was worth $200/acre. That's all the O&G companies were willing to pay because there were too many risks to pay a billion dollars just to lease 50,000 acres. Leases are now worth $25k/acre because that's what the O&G companies are willing to pay not because land owners got smart. The gas companies know that there is a lot of gas down there so they are willing to compete for it. This is great for the landowner!
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I reasoned mind amongst all the foilage!
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Permalink Reply by P.G. on
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The O&G companies paid $25k because they couldn't get those $200 leases anymore!
And I'm sure they had done their homework before they tried acquiring hundreds of thousands of acres at any price!
If they could still have kept the news under wraps they would still be only offering $200/acre!
Landowners did wise up! There's no more land owners for the O&Gs to take advantage of anymore!
The OGs didn't offer those big bonuses because they suddenly felt generous! They just can't get by paying less than fair value anymore! They knew full well that what they were buying a year ago for $200 were worth far more than that! I'd call that preying on the unsophisticated!
The real estate commission and rules were created because of similar circumstances with real estate brokers and unwary citizens.
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Permalink Reply by P.G. on
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So you think the OGs were competing with each other and bidding up bonus payments to $25,000+ per acre on just a hunch there might be gas on those leased acres? I still find that a bit hard to believe. More likely the big companies were doing their best to hog known gas rich territory! I agree that if only one company were the only game in town, we wouldn't see the figures we are seeing. But I don't think they are gambling as much as you say. If that were the case, why aren't they leasing elsewhere and get a better lease deal?
No, the companies know what we are sitting on and they got as much leased as they could, as cheaply as they could. When the other companies got interested, that's when things went crazy. If an acre is worth $25,000 to them now, it was worth it to them then. They just knew the landowners were too stupid to know what they had.
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Permalink Reply by North LA on
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The $25k/acre had little to nothing to do with the landowner. I can promise if CHK was still the only company leasing around here everyone would be getting $100-200/acre. Companies are competing for your land so they are trying to one up or shut others out. CHK knew they had the resources to shut others out of the play with high leases and that's why they spilled the beans.
Now land owners should learn as much as possible so they aren't screwed just like any good business person should. It's a great time to be a mineral owner. This is a sellers market for leases due to supply and demand but (just like in any business deal) if you are unreasonable you will get passed up.
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Permalink Reply by North LA on
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"The O&G companies paid $25k because they couldn't get those $200 leases anymore!"
Supply and demand is the reason they couldn't get the $200 leases anymore.
"And I'm sure they had done their homework before they tried acquiring hundreds of thousands of acres at any price!"
Of course they did but there were NO guarantees. The Elm Grove well was the first well to produce from the HS and results just came back a few months ago until then this was all just potential. Potential doesn't pay the bills.
"They just can't get by paying less than fair value anymore! "
Who appraises leases now days? I need to find this guy so I can get a fair lease also.
I just can't understand how some of you people are turning this great opportunity into something negative. Study as much as you can and make this as good as possible for yourself. Form a partnership with the gas company by allowing them to do all the work and then send you some mailbox money if everything works out. Do you know how many others in this country would take your place in a second. BTW if you signed for $200/acre then take it like a man. You made your choice. I have freaking 1/4 of an acre and I'm thrilled. I'm going to do the best I can to maximize the amount of royalties I get from my 1/4 acre and to help this region/state prosper. I suggest you stop whining and do the same.
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Permalink Reply by sesport on
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Assuming you mean the reference to MORONS, thank you North LA. Now, on that last paragraph, if businesses are driving prices up on products & making good money for stockholders, haven't some said that's the nature of capitalism? So, why can't the individual landowner dabble in that same capitalism? However, 2 yrs. ago we had some dirt with trees on it AND a valuable resource under it. If I were a tree farmer, I would have expected the going rate for my trees.
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