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Permalink Reply by Bobi Carr ("parker") on July 17, 2008 at 6:53

Yes.

Please look at my post, They are not done with us yet. I will bring it up to the front page.

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Permalink Reply by Donna Thornton on July 17, 2008 at 8:21

Okay, Parker. I will make you feel better. Our family leased our 96 acres at $100 per acre, 3 year primary term with a 2 year option for $50 an acre, and 18.75% royalties. Yeah, ouch it hurts. All that you and I can do now is hope that they drill in our section. Donna

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Permalink Reply by Bobi Carr ("parker") on July 17, 2008 at 17:50

Hopefully that was a good while back and they WON'T DRILL quick enough. Then they will top-lease you.

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Permalink Reply by Donna Thornton on July 24, 2008 at 10:02

July 2007. That was inherited property on my mother's side. I also have some property (only 5 miles apart) inherited on my father's side that is being solicited for bids now. Hopefully, it will make me feel a little better on this go-around. The tables have turned this time. Bad thing is, I have much more acreage on what is already leased. But, you are right. Now, hopefully they will drill in our section.

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Permalink Reply by Bobi Carr ("parker") on July 24, 2008 at 14:20

Or not drill. In this play, not drilling is as good as drilling. If they do not drill and your lease expires you can re-lease for a decent bonus.

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Permalink Reply by RL on July 17, 2008 at 10:48

Wow. I really feel for you guys and gals. Some of my eldery neighbors signed for $400/ac on 5 acres. They have lost thousands. Hopefully, you will have the last laugh through royalties and after the lease ends, all of you can give a little pay back!

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