Replies to This Discussion

Permalink Reply by P.G. on August 9, 2008 at 7:34

I can't imagine a landman would cut someone to the bone for merely a pat on the back by his supervisor. Yes there's always a brown noser but the name of the game is to get land leased, right? Not see how far they can low ball someone, unless there's something in it for them.
Perhaps at the end of the day, all the landmen check in and one gets a gold star for having the least payout, huh?
Of course your right that the landman is on a mission to skin as many landowners as he can, (I'm still scratching my head as to why though if it's not tied to his own financial situation) so yes a landowner needs to be on his toes or find someone to represent him that is!

• ▶ Reply

Permalink Reply by intrepid on August 21, 2008 at 12:41

I've found that sometimes getting a higher offer is only a matter of asking. I'm still asking. So far they have been going up. Started off at 200 and ac. up to 5,000 an ac. Big difference.

• ▶ Reply

Permalink Reply by Bob on August 9, 2008 at 8:46

You were happy when you signed. You had the right to refuse and/or wait. Someone is ALWAYS going to do better than the other guy. Accept it!!

• ▶ Reply

Permalink Reply by Joan Williams on August 20, 2008 at 6:29

Sorry but it just sounds like your neighbors made a better deal than you did.
You were not robbed by Chesapeake, unless you were forced to sign the lease. And I am certain that did not happen. You chose to accept and sign the lease as it was written so quit trying to blame the O&G company. Eventually, almost everyone is going to find they could have gotten a bigger bonus if they had held out longer. And just a thought, maybe you should have been better friends with your neighbor ?

• ▶ Reply

Permalink Reply by smith1 on August 20, 2008 at 6:34

i totally agree with joan williams, some of our neighbors insisted on signing early on (even though we "supposedly" joined together as "1") and they settled for less than us. their fault, not O&G, not ours, they signed the deal.

• ▶ Reply

Permalink Reply by Cathaus on August 20, 2008 at 6:35

I agree Joan. We are quick to use terms like robbed and cheated when we start talking about these O&G guys. Did they put a gun to your head, threaten the lives of your loved ones? I didn't think so.
We have not signed with any company. Seems right now, we are undesireables in 18N 15W! When I do sign, I will just "suck it up" when I hear that someone got a higher bonus.

• ▶ Reply

Permalink Reply by po boy on August 20, 2008 at 6:57

This subject has been talked to death. Some of the smaller landowner in my area Jumped of the first $100 check direct mailed. They were also proud of their good fortune- until someone got more. They weakened my bargaining position but they are not bitter, and neither am I. They made a free will choice .

• ▶ Reply

Permalink Reply by hoover182 on August 20, 2008 at 7:11

We are apparently held by production and received a BIG FAT ZERO for a lease bonus. I would be thrilled to get $ 5,000.00 now.

• ▶ Reply

Permalink Reply by Tim on August 20, 2008 at 7:54

I am glad to see so many people in this thread feel as I do. People need to look in the mirror and see the person to blame if they do not like their lease bonus, royalties or terms. This is a problem with society as a whole. We need to take ownership of our decisions and the consequences (good or bad) that occur.

• ▶ Reply

Permalink Reply by jkw3 on August 20, 2008 at 9:30

I seem to remember a scene from the 1978 movie "Heaven Can Wait" where the former owner of the LA Rams is lamenting the sale of the team to the ultra-rich Mr. Farnsworth.

Former owner: He got my team. The son of a bitch got my team.
Advisor to former owner: What kind of pressure did he use, Milt?
Former owner: All I asked was sixty-seven million, and he said "okay."
Advisor to former owner: Ruthless bastard.

• ▶ Reply

Permalink Reply by Brad on August 21, 2008 at 9:59

go drill your own well then. your the idiot that signed the lease. Nobody forced you too. be happy with what you got. damn complainer!!

• ▶ Reply

Permalink Reply by Dan Carter on August 21, 2008 at 11:23

You weren't robbed; you were stupid!

This is a business transaction, not welfare. Treat it like a business transaction, do your homework, and be prepared to negotiate.

• ▶ Reply

• ‹ Previous
• 1
• …
• 5
• 6
• 7
• 8
• 9
• 10
• Next ›
• Page