Replies to This Discussion

Permalink Reply by Greedy Landowner on September 25, 2008 at 15:36

No. The development of this play is in it's infancy.

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Permalink Reply by foxypianist2003 on September 25, 2008 at 15:40

Thank you!

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Permalink Reply by Mrs R.Sojka on September 25, 2008 at 15:46

i understand.my group is still in negotiations too.im getting a little frustraded.it seems to be taking a long time.right now many people need the extra money bad.im one of those people.i keep cheking my group website and it has yet to be updated since 9/15/08 and at that point they had 2 companies that were interested and they were having meetings last week to discuss lease terms and payment details.

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Permalink Reply by T16N R14W S09 on September 25, 2008 at 17:47

Robert,
We seem to belong to the same Homeowners Coaliltion.

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Permalink Reply by Mrs R.Sojka on September 26, 2008 at 12:29

i think we are .section 3 t-16N r-14W.part of swshc.&krbkpoc.i got an email today stating that there should be an offer in 3 business days from chesapeake!can't wait to see!email dated september 24.so maybe monday!

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Permalink Reply by Kassi on September 26, 2008 at 12:57

It takes a while to negotiate a lease. This is not a fast process. Especially if you are negotiating protections they do not like to give and for a lot of people. Hang in there.

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Permalink Reply by Kassi on September 27, 2008 at 3:11

You have a valid point. Now they will likely concentrate on areas they can lease for less and drilling in areas they already have leased. They will then come back to the other unleased areas when the outlying areas are gobbled up or the prices come up there as well.

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Permalink Reply by Shaleguy on September 26, 2008 at 3:47

I'd probably wait it out. NG prices have plummeted to the point that producers are considering shutting in wells (not Haynesville). Credit markets have seized up. Stock prices have been cut in half. Right now, E&P companies have more pressing concerns than getting that last little bit of acreage and are probably offering half of what they were a couple of months ago. Things will get better eventually, so I'd hang on until then. Good luck.

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Permalink Reply by Catfish on September 26, 2008 at 6:05

I have an offer on the table 15k, some in the section are taking it some belong to the east 80 group whose goal is to lease everyone in the group for 17.5k at one time, all or none. I belive this will be hard to with the number of sections included. My question is if say 70% leases what tatic could they use to get the rest since the hold outs or most may be part of the east 80 Group? What would ya'll do sign or hold out?

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Permalink Reply by foxypianist2003 on September 26, 2008 at 14:47

Thanks everyone!

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Permalink Reply by Wolverine on September 27, 2008 at 3:30

Well Said Desoto Man!!!

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