OK, I don't follow politics no where near as much as I should. I am also trying my best to make an educated decision to sign the right lease. I know a lot of you out there have some really strong opinions on to lease or not to lease. I am curious to hear your opinions on how the upcoming election will effect the lease activity. So let me see what you all think about it. Thanks in advance for sharing!
Just one old man's opinion, we all want $30 to 40 K per acre and 30% but if what has been offered to you would change your life in a big way then there you go. The % of the gas royalties in the long run is the most monies. Of course a well has to be drilled on your section first. I personally will take being free of debt now and wait on the windfall of royalties. But of course baby boomers are a different type.
I hear you on that one. My CPA is out of town until the second week in Sept. and part of me hopes I get no serious offers until she gets back. I really need her advice on whether to take the $ and pay off some business debt, or to stick it in an investment account. Hubby doesn't want it to touch our business, but debt is debt...it is still owed. Just want to be able to make the best decision, so there retirement investment left over, along with something fun too! Hard to sit and wait, when it seems the sooner you sign the better the odds are to get drilled.
Charmine, you mentioned elections, no one knows what will happen after November. In the years I have spent here all I can say is nothing is forever and everything changes. If natural gas prices at the well sink as low as $5, I think the Big Boys in Oil & Gas will sloooow down. But one thing is for certain you and hubby need to be on the same page. We don't need to hear I TOLD YOU SO. Keep the faith that everthing will work out somehow. Signed OLD PEOPLE
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More