Replies to This Discussion

Permalink Reply by Laman_71106 on October 8, 2008 at 11:06

Amen X 1,000,000 Sue. I'm with you!

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Permalink Reply by Snake Stewart on October 8, 2008 at 11:02

Hello HBP,

It may sound like rhetoric to you but it sounds like a sane ,well informed statement to me. Much better then the rhetoric that was floated by the O&G's a year ago. It is also important to realize that this play is only 7 or 8 months in the open.If you feel that the big money has peaked and is now forever falling down hill, I would dare say that you havent seen anything yet.

According to the inflated and speculative aquisitioners of this play , this is the largest natural gas field in the continental United States of America.Not my words but theirs.

This is a difficult time for everyone,unless they live in a bubble. The only people with something left in this play that are in trouble are the ones that would have signed something 6 months ago if only someone would just offer something.Anything.

You can call it conspiracy theories if you like and thats o.k. with me.If you think these clowns wouldnt use this downward economic trend to their advantage , you dont know much about how they go about doing their business.They arent stupid but they certainly arent very original either.They perfected many of these techniques on the Barnett. The poor market will help them sell another round of goods in the next few months when they pick up again.It is a vicious cycle that has been repeated again and again.So what if it takes them more time to lease the land.That will only benefit the patient, well informed mineral owner. Have a good day HBP.

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Permalink Reply by HBP on October 8, 2008 at 11:30

Sue, you said that big oil is using the market as a ploy to offer lower prices. Ridiculous. the market for leases is what it is at any given time.

Snake, you have a great deal of time on your hands.

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Permalink Reply by Snake Stewart on October 8, 2008 at 12:57

Hello HBP ,

24 hours a day! Same for yourself I assume but what in the world has that got to do with thinking the Haynesville Shale has seen its hayday already, only months into this play? Ridiculous is trying to BS people into thinking that the O&G's wouldnt use any available means to line their pockets. They dont like this downturn by any means. Their stocks are getting shelled! But to say that the leasing market is what it is at any given time is disengenuous to say the least.As if the downturn was caused by the leasing slowdown or that they saw it coming.You should be a speech writer for one of our candidates for President.They could certainly use a boost from someone as frothy and forthcoming as yourself.

As for me, I do have a lot more free time on my hands of late because I have all but stopped posting on the site.Thank you for noticing tho.It can really make a fella feel good to know that he has been missed.As for the free time that I have , I believe I am going to start writing greeting cards for Hallmark.I am kind of a softy deep down.Have a good one anyway... :-)

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Permalink Reply by HBP on October 9, 2008 at 4:23

Don't know anymore than anyone else. I'm keeping an eye on Claiborne as well.

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Permalink Reply by getoverit on October 9, 2008 at 3:04

Amen, Snake-
I'd go unleased before I would accept some of the offers made yesterday. My 40 acres in DeSoto is worth a lot more than a mere $2000-3000 per acre or less.

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Permalink Reply by ETOilman on October 9, 2008 at 3:17

How much did you buy the land for? Do you think that maybe the previous owner thinks he got a raw deal. Let's turn the table here. A "mere" $3000 an acre?

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Permalink Reply by Gone Fishin on October 9, 2008 at 4:02

Well let me see if I have this right. The economy is in the dumps because the banks have decided not to lend to each other. ( I was under the impression that they made money by lending responsibly).
Now all i see on tv is how we need to get off dependence on foreign oil and start using natural gas , wind , solar, and nuclear. I have never in my life heard so much about natural gas on tv. I didnt know about LNG, CNG. I have seen Slim Pickens, and Aubry McClendon so much on tv till I think I could call them by their first name if I met them.
So you're telling me the companies like cpk are not leasing anymore land that is right in the middle of a major market of users. Land that they know for a fact has more natural gas and shale oil than they've found anywhere in the world. How dumb do you think we are. Obveously I'm not expecting companies to knock down my door, tie me to a chair and beg me to sign a lease for $30000/ac. But I'm not stupid enough to say they aren't interested anymore because the economy is bad.

Permalink Reply by getoverit on October 9, 2008 at 4:11

I have no idea who bought the land. It's been in the family for years. We leased the other 38 acres for $7200 back in May, and we'd be fools to lease for anything less than that now. I think we'll just sit back a while and see what happens.

Permalink Reply by Snake Stewart on October 9, 2008 at 12:29

That would be a really poor investment if I just tried to break even on a lease deal when I live on the largest natural gas field on this continent! Its not about what you paid, its about what its worth.Kinda like those car auctions on tv.Bought the car new in '63 for $743.26.Things worth $250,000 now.

Permalink Reply by George III on October 9, 2008 at 4:46

I prefer the simple explanation. Chesapeake and Petrohawk have used up their available funds to acquire as much acreage as possible. The remaining funds will have to be used to develop the acreage and hold the leases. In the coming months and years they will get more production online, and when prices for nat gas rise they will be able to lease some more acreage at higher prices. Until then, we can hope that the really big guys will get interested and jump in - I think Exxon and Conoco or any major would have a great strategy if they decided to invest here instead of buying their own stock back! The majors have more cash than anyone except the U.S. Treasury. Anyway, prices fluctuate, and markets will fluctuate, and higher prices will come back, sooner or later. If you can afford to wait, then it makes a lot of sense to wait.

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Permalink Reply by Sue on October 9, 2008 at 5:19

I agree with you George III. I will wait. The gas under my land is not going anywhere. They will come for it someday........We all consume it!!!!

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