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 Lightfoot on November 24, 2008 at 12:53
>> I'm not either, But 1/5 x 5 = the whole acre. So the answer would be no.

Hi, Parker. If your response was directed at me, thanks, but I'm afraid I don't understand it.

If 1/5th royalty is worth $1K, wouldn't 5/5ths be worth $5K?

An unleased acre is 5/5ths royalty, isn't it?

What am I not understanding?
Permalink Reply by Lightfoot on November 24, 2008 at 13:11
>> I'm just as lost as you Lightfoot.

I'm sad for you but happy for me. Usually I wander around lost all by myself.
Permalink Reply by Spring Branch,mineral owner on November 24, 2008 at 13:27
That's fantastic!
Permalink Reply by Lightfoot on November 24, 2008 at 13:40
Well, she nicely summed up the state of my mind.

It just don't all seem right... somehow.
Permalink Reply by BirdDawg, plain ole' idiot on November 24, 2008 at 14:13
KB,
I think I have been dealing with those folks. Unfortunately, a lot more money involved.
Permalink Reply by Snake Stewart on November 24, 2008 at 13:57
Reply by KB 53 minutes ago
I'm just as lost as you Lightfoot.

KB, you aint lost sweetie! We are just in a round room looking for the corner.
Permalink Reply by BirdDawg, plain ole' idiot on November 24, 2008 at 14:14
Why come we can't reply to some posts? Snake, thanks for letting us reply to yours.
Permalink Reply by Two Dogs, Pirate on November 24, 2008 at 14:24
Ask Jim Henson. I saw this in Layrinth.
Permalink Reply by Two Dogs, Pirate on November 24, 2008 at 13:05
Seems that MC is buying where CHK is fixin to drill so yes if your acre is unleased and you are within their unit it is concievable they may pay that but I doubt that they will.
Permalink Reply by Snake Stewart on November 24, 2008 at 14:05
Reply by KB 1 minute ago
Hard to find the pole position in a round room, too . . . .

KB, I certainly hope that wasnt in reference to those little old ladies working at the poles on election day, voting establishment in Doyline on election day.
Permalink Reply by sesport on November 24, 2008 at 15:41
I think the image is lasered into our brains ... little old grannies pole dancing. And I imagined Mr. Stewart's wife smacking him upside the head with her iron skillet when she realized where he'd been that day. LOL
Permalink Reply by Spring Branch,mineral owner on November 24, 2008 at 13:18
Probably not, but it's ok to dream. I can't dispute the logic.

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