Replies to This Discussion

Permalink Reply by david crocket on March 3, 2013 at 13:25

Thanks for the info. 

Permalink Reply by Jean on March 5, 2013 at 13:01

I just thought I sent you a message but I think I messed up.....I'll try again....Do you know who is offering $1000 an acre in Echo?? I just found out that Halliburton is down there doing something but I'm not sure what?   But my source says that they do "mud" work????Heard anything???

 

Permalink Reply by Two Dogs, Pirate on March 5, 2013 at 13:38

A bunch of  folks just lost out on getting anything because they were holding out on that rumor of a $1000 per acre that you and several others have been floating around. Bonus money is  just  one  thing to consider in granting  an oil lease and it takes a back seat  in my book to other more important components of  the  lease. In every situation that I have looked into the lessors were adding the bonus money and the extension money together to come up with the higher figure with the highest amount being $1300. Give us a name of  who got the $1000.

Permalink Reply by Jean on March 6, 2013 at 10:22

Darlin'....If anybody missed out on anything that would be their own fault...we're all grown ups here and able to think for ourselves...we don't know everything there is to know and I will continue to relay what I do hear and everyone can decide individually what they want to do with the information...I am very well aware that the bonus is not the most important thing in a contract, that is why before signing anything I would definitely encourage everyone to get a qualified attorney to check it out first. TD, I'm not here to make your job easier but to give the landowners the information that I "hear" which so far has been pretty accurate...what they do with it is their business...After all,isn't this what this page is far????

Permalink Reply by blackjackjackson on March 6, 2013 at 12:12

source is friend of a friend. source says this $1000 guy is not as knowledgeable as he could be.  he might be thinking 500 + 500 or the paperwork actually didn't actually match the spoken word?   it took a while to get the source of the source.  soo, this could be a rumor, or not?

Permalink Reply by Jean on March 6, 2013 at 12:25

Thanks Blackjack....do you know the o&g company? or what Halliburton is doing there in Echo?

Permalink Reply by blackjackjackson on March 6, 2013 at 12:52

i don't know but i'll ask around.  someone else might respond first.

Permalink Reply by Oilman28 on March 6, 2013 at 13:10

Halliburton is there fracking the Broadway well.

Permalink Reply by Jean on March 7, 2013 at 1:44

Well, you are probably right...but I "heard" that they are working down a road by the volunteer fire station in Echo????

Permalink Reply by Two Dogs, Pirate on March 6, 2013 at 13:16

Halliburton is  probably down there for the frack job that is going on on the Broadway well.

Permalink Reply by Two Dogs, Pirate on March 6, 2013 at 14:18

Blackjack, I don't think  that the lease offer  would double with two crap EOG wells and a dry hole on the Lambright. Where is the $600 offer? Ask the folks up around Shreveport that turned  down $20,000 offer and never were contacted again. Some folks main agenda is to say that  they got a better deal than their neighbor. In my time in this biz I have dealt with more dry holes than hits. Some  landmen rejoice  in telling the mineral owner that was holding out for a better deal that the deal is pulled off the table. I don't like doing that.

Permalink Reply by Dogman125 on March 3, 2013 at 9:31

Does anyone know of any current activity (leasing or proposed permits) in the Libuse area?

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