LANDMAN JUST STOPPED BY ABOUT 30 MINUTES AGO (CADDO 19-15-36)

TWIN CITIES DEVELOPMENT LANDMAN STOPPED BY ABOUT 30 MINUTES AGO. WANTED TO DISCUSS LEASING OUR LAND. I TOLD HIM I THOUGHT ALL LEASING HAD COME TO A HALT. HE SAID NO THEY WERE INTERESTED IN OUR AREA BUT LEASE BONUSES WERE WAY DOWN. HE OFFERED $2,000 AND 25%. I ASKED HIM ABOUT THE LETTER WE RECEIVED FROM SAMSON CONTOUR ABOUT THE REDEFINITON APPLICATION. I ASKED IF HE REPRESENTED THEM. HE DID'NT SEEM TO LIKE THIS VERY MUCH AND SAID THAT HE WASN'T SURE WHY SAMSON WOULD APPLY FOR THAT WHEN CHESAPEAKE ALREADY HAD 70% OF THAT LAND LEASED. WE THOUGHT WE WERE IN 19-15-36 ACCORDING TO PROPERTY TAX INFO BUT HE SAID WHEN HE PULLED OUR DEED WE ARE ACTUALLY IN 18-15-01 SOME TYPE OF GLITCH AT THE COURTHOUSE. ANY THOUGHTS...

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Permalink Reply by louisiana lady on November 21, 2008 at 15:12
MOMOF3, when you find out the actual section info, please post. If you are in 18-15-01, the Samson pre-app hearing verified that they have 0% leased in section 1.
Permalink Reply by sesport on November 21, 2008 at 16:28
MOM - find out what that glitch at the courthouse is. Can't imagine property tax info being incorrect, but i wouldn't say it's not possible. Do you know how to access Caddo Assessors website & verify your info?
Permalink Reply by Akuda Matada on November 21, 2008 at 17:03
I would find out who else is in the area, as I understand, XTO may be in there as well, I would rather go with XTO than with Chesapeake, considering what Chesapeake has been going through. Not to mention they sold a great deal of their working interest to Plains Exploration. Also, Twin Cities is a group of pacifier babies with hardly any experience. I would consult someone with a great deal of knowledge, such as a oil and gas attorney. Just my two cents! Good luck!
Permalink Reply by Spring Branch,mineral owner on November 21, 2008 at 17:24
It should be remembered that, as I understand it, Twin Cities' primary area of responsibility is in leasing town lots, ie urban leasing. If a person has 1/4 of an acre and is being offered $2000 an acre for his lot, I wouldn't thing one could afford to spent too much money on an attorney or he'd just
have to sign over his bonus to pay the attorney's fee.
Permalink Reply by The_Baron on November 21, 2008 at 17:52
Twin cities will lease anything CHK is interested in.

The pursue what CHk tells them to.

They do seem to specialize in urban areas...but if you call, and CHK wants land in your area they will work with you.

The only question is, will they give you a good deal??
Good luck, and be careful.
Permalink Reply by Spring Branch,mineral owner on November 23, 2008 at 18:03
"Twin Cities is a lease broker" is a correct statement , Buck. "Their job depends on signing leases at the lowest price possible to make Chesapeake the most profit" is generally correct , but spun in such a way so as to infer that they are doing something illegal or unethical by trying to get the best deal for Chesapeake (who employs them) as they can. My job as a land owner is to lease my land for best deal I can negotiate taking bonus, royalty rate, and many other factors into consideration. Twin Cities also has a job. Their job is to try to buy a lease from me which contains terms which are as favorable as possible for their employer, Chesapeake. If they offer terms which are unacceptable to me, I can make the choice not to lease to them. If I am making demands which are unacceptable to them , they can make the choice not to lease my land.
Your earlier post at the start if this thread when discussing Twin Cities, stated: "they will resale the lease for a profit". Surely you understand it is Chesapeake's money they are spending, Buck and that Twin Cities is not flipping leases as your post inferred. Rather they are buying leases for Chesapeake, with Chesapeake's money, and at terms which are favorable to Chesapeake because that is what they have been employed to do just the same as if you go and hire an attorney. That attorney will be expected to sell a lease for you, using your minerals, at terms which are most favorable to you, because that is what you have employed him to do. It should be assumed that your attorney and the Twin Cities broker will be honest and ethical in their dealings. If that turns out not to be the case, it is not an indictment of the legal profession or of landmen in general, but rather of that particular attorney or that particular lease broker. Thank goodness in this country, "profit" is not a bad word. I want Chesapeake, Petrohawk, and all the others to make plenty of money so they can drill loads of $ 8million wells and make us all a lot of royalty $$$$$.

I have no quarrel with you and regret calling you and K B out.
Permalink Reply by Seeking Information, Blanchard area on November 22, 2008 at 1:54
Has anybody received a letter from Hargrove Oil regarding putting 10 wells in in Section 18. A friend said that they had received a letter. We went to the Expo and didn't get much out of it. We are interested in hauling salt water and we received more information on why we couldn't do that even though we have the trucks, personnel, etc. Sounds like the "bubba's" have that all locked up.
Permalink Reply by Harvey on November 22, 2008 at 5:18
What a Mess, I agree with Buck. Twin Cities and Chesapeake are the biggest Scam Operators the Oil and Gas Industry has ever seen and Chesapeake will be the next Enron... Harvey
Permalink Reply by Randy on November 22, 2008 at 16:45
Rumor that may be true.
Permalink Reply by insomniacnla on November 23, 2008 at 4:24
I refuse to believe that the landmen hired by the o/g company will ever fight for something on behalf of the landowner. The only changes to my lease that were ever made were at my request. The landmen never offered to change anything to make the lease more beneficial to the landowner, me.

That is why I will never invite one in for coffee. The landmen do not show up at my house to be my friend or to fight for anything on my behalf and I do not delude myself thinking otherwise. They were here working for the o/g companies.
Permalink Reply by insomniacnla on November 23, 2008 at 4:28
Some might want to take a look at JPD also. Where I am out here in Stonewall, I believe that when JPD assigned their leases that JPD also kept a percentage of ownership in the leases.

I wonder if the same is true for the folks out in Greenwood.
Permalink Reply by The_Baron on November 23, 2008 at 4:38
They don't work for free.

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