THEY ARE NOT DONE RIPPING US OFF?

I just got an e-mail from the landman who leased my 280 acres for $200 per acre a year ago. They want me to sign a road r/w for $25 per rod (16.5) feet. I thought that they would throw me a bone because they ripped me off so much to begin with. I have read on this site the going rate is $200 per acre. So they are going to pay 1/8th of the going rate if I let them.
THIS IS FOR A ROAD TO ANOTHER SECTION. THEY AREN'T EVEN GOING TO PUT THE WELL IN MY SECTION.

He even had the audacity to tell me that it is in my lease for an access road. I have already explained to him my lease doesn't pertain to access another section where I don't own property.

PLEASE let me know if you have had any success dealing with this sort of thing or if you know someone who has.

Views: 142

▶ Reply to This

Replies to This Discussion

Permalink Reply by Bobi Carr ("parker") on August 8, 2008 at 5:08
The $200 - $250 per rod is priced out at the running foot (but it is making the assumption that the running foot is also narrow (30 - 60 feet).

If you multiply it out, you can then compare what the price is by the acre.

You would need to compare this to surface sales to get a reasonable comparison though - not to mineral leasing prices.
Permalink Reply by po boy on August 8, 2008 at 5:05
When we sell property, we usually figure 40 foot as the width of access roadway.
Permalink Reply by Bobi Carr ("parker") on August 7, 2008 at 22:02
Was your offer for a road or pipeline r/w?

Also if you wouldn't mind could you share what type of property it is and the general area of its location?

It would be greatly appreciated.
Permalink Reply by RL on August 8, 2008 at 9:09
I don't blame you for being pissed off, Parker. I would be too, especially when you could be a millionaire on easy street now.
If they wanted a road on my land, I would stick it to them like they stuck it to you...say $1,000 a rod at least. If they need access, they will pay. Remember in the grand scheme of things, another $100,000 for them to access millions in gas is peanuts!
Permalink Reply by Bobi Carr ("parker") on August 8, 2008 at 9:58
I may get hot under the collar sometimes, but I have NEVER lost focus of the fact that this is a blessing that I wouldn't ever have even dreamed of praying for.

Also the more irritated I get, the more informed I get.
So I win just in the knowledge gained.
Permalink Reply by herefordsnshale on July 14, 2008 at 13:37
I saw in your other discussion that it was EnCana, yes I have seen their commercials and their emphasis on handshakes. EnCana has been in East Texas for a while, over around Rusk County and almost every landowner I know who has dealt with them has had problems. It seems they are a Canadian company and their management is accustomed to dealing with the Crown instead of with private landowners and they have a reputation for trying to ride roughshod over landowners.
Permalink Reply by Bobi Carr ("parker") on July 14, 2008 at 17:36
I have asked "Haynesville" to start a discussion group for people who are already leased. If you are interested could you contact him also. I would like to see a forum for alread leased owners or owners of large (100+) acreage owners. There are items to discuss even after the lease is signed. If I wouldn't have been on here, I would have had to contact an attorney just to see if I had a problem.
THANKS
Permalink Reply by Bacon on July 14, 2008 at 13:40
Having an attorney deal with it would probably make a difference in the payout and aggravation factor.
Permalink Reply by Bobi Carr ("parker") on July 14, 2008 at 16:31
I will probably have to do this. The attorney that worked on my lease is not OG so I will not use him to fight with them.
If you have a good attorney that is OG, please let me know.
Permalink Reply by Les Bamburg on July 14, 2008 at 18:11
Parker, this is outside of my expertise but I think wetlands mitigation can be expensive. It seems they should be willing to pay you something like 60 - 70% of the avoided cost for wetlands mitigation and timber damages in addition to the standard road ROW fee. I don't know how much those are but you may able to dig up some estimate.
Permalink Reply by Bobi Carr ("parker") on July 14, 2008 at 18:15
Thank you. I am planning on contacting someone with expertise in this are. I believe the least expensive would be $15,000 per acre for disturbing wetlands. I beleive this is a VERY conservative price.
It just seems like they feel like I was a "sucker" in the past that I will fall for this now.
Permalink Reply by Bobi Carr ("parker") on July 14, 2008 at 18:19
The landman said "your are where everyone elso wants to be". We'll be drilling on you soon. So I am supposed to take a low ball price for the road so they can drill on someone elses property.
I feel like if they want me to take this price they should at least drill on my property.
Of course, that may not be the best option either. They may get better results with the more experience they get in this field.
THANKS AGAIN.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service