I have title experience and was trying to get a landman job before all of this broke loose. I don't hold it against anyone for doing their job. If you have seen any of my post I was not even mad at getting $200 per acre for 275 acres. I felt like that is a part of business, but enough is enough. Could you please read my post about they are not through ripping you off and give me your opinion.
Parker, they totally skipped me when my ex signed on our property that we have together. They only leased his portion is what they told me. The well is now flowing and I am still waiting on them to come lease my portion. My portion of the property is a little over 1/2 acre. Are they required to lease Me as i do not want to be forced pooled into this.
If the true number is $6,000,000 which I highly doubt at this point, would roughly be $9375 per acre if my math is right.I have read that drilling cost are skewed and that actual costs are between $3,000,000 & $4,000,000 bringing the per acre amount to between $4687 & $6250. For a 1/4 acre resident of a subdivision , they could be consent well owners from $1171.75 to $2343.75 ???????????
Some of you guy's in the know please check my math because this can't be right.
From what I understand , that is correct. Pushing the issue on these horrendous tactics may very well begin to blow up in their faces.With all the instant millionaires around this area it may not be difficult to find an investor to back you . Especially since they haven't drilled a dry hole on the Barnett or the Haynesville as yet. Doesn't sound like too much of a risk to me at this point.
As I have stated previously , they ain't looking for business partners, so they better be careful. This is the largest N/G field in the country.# 4 in the world until next month when it moves up another notch or two. This could sure beat some of the crappy #'s my mutual funds are dishin' out!
SS, I don't know where you get your information but time for a new source. There have many wells drilled to the Barnett Shale that produced a mere fraction of their capital cost in revenue and will never get close to paying out. Mitchell Energy spent a lot of money before developing the technology and identifying the better spots of the play. Also, let's not forget about karsting or the absence of the Viola lower frac barrier.
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