Replies to This Discussion

Permalink Reply by Checkmateking on September 16, 2008 at 3:48

Re-do's are alomost impossible in this game.

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Permalink Reply by RAY on September 16, 2008 at 4:21

some landowners[force pooled] are not getting any lease $$$$.

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Permalink Reply by Iris on September 16, 2008 at 4:31

What are some & what do you mean...are they not trying for a lease once it is being force pooled?

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Permalink Reply by Snake Stewart on September 21, 2008 at 3:04

Hello Amy , What you speak of makes more sense then the O&G's actually going back and paying more for leases they got earlier in the play. As difficult as it is to swallow, spilled milk is spilled milk. You ain't gonna get it back in the glass.
This will not work however, as the letter of intent is signed, the O&G's will quickly find out that this acreage is already leased and that may not bode well for your negotiations if they found out you were trying to hoodwink them. Turnabout isnt fair play I wouldnt imagine for these guys.Have a great day!

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Permalink Reply by alleyboy on September 21, 2008 at 3:21

huh?

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Permalink Reply by Grice on September 21, 2008 at 4:42

A good group leader should hold the best interest for all members, leased or not. It would be possible for a group to negotiate for the previously leased member(s), so that the entire community is properly served. However, this tactic can be a double-edged sword. The interest for the group, lies primarily with the amount of unleased acreage.

As an example; If a group held 2000 acres of unleased land, and 40 acres of previous leased land, the group can negotiate for a supplement package for those 40 acres. However, if the leased is greater, and/or the unleased is less, the negotiations may become a standstill. Note: this is only an example, as there are other variable to be considered.

In the above example, it would indicate a group is attempting to serve all members. While the efforts should be praised, it should not hinder the unleased members. There may come a time when the group realizes a supplement package has become exhausted. At such time, it would be proper for the group to forgo the supplement package, so that negotiations for the unleased can progress. The group should not be condemned for not being able to negotiate a supplement package.

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