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landownerPermalink Reply by Henry on September 25, 2011 at 8:34

James,

I have no idea about  prices.  But I strongly urge you to read the many discussions on this site about how CHK pays its lessors lower prices for gas.  You should ensure your mother gets help from a qualified O&G attorney who can provide her with an Exhibit A to any lease.  This Exhibit A should contain language that will ensure your mother receives the fair price and that CHK cannot take a gazillion deductions that ultimately reduce her gas price by up to $1.00.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 25, 2011 at 9:52

james, pay heed to Henry's advise.  As to the bonus offer, it's the highest I've run across in a couple of months.  Chesapeake likely has other leases in your section and has plans to drill a well before they expire.  Get you beneficial and protective lease language first, then negotiate bonus.  If you can get the language you need, I'd say $4K is a very good offer at this time.

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Oil & Gas ProPermalink Reply by HBP on September 25, 2011 at 15:19

James,

Do you mind posting your Section, Township and Range.  Or a general area near Coushatta.  There may be some similarly situated folks that would like to know what offers are floating around lately.

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Permalink Reply by James on September 25, 2011 at 15:40

I MADE A MISTAKE HERE...THE LAND IS OUTSIDE CONVERSE, NOT COUSHATTA!

 

Sorry for the confusion, I will try to get more info!

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