Replies to This Discussion

Permalink Reply by Grice on October 8, 2008 at 4:22

If what he stated is true, it should have no effect on when (or if) you enter into a lease agreement. Your mineral rights have not changed. If anything, the reduction of workforce would indicate the landman would need to put forth more effort into getting a mineral owner to sign a lease. They (landman) must accomplish the same task as before, but with less time in which to do it. Please do not allow an executive decision by the company to influence you into doing something you may regret later. If you have a need to sign now, then I wish you much success. However, that decision should not be based off the decisions of another. Do what is right for you, not from fear, nor from intimidation, but from an educated and well implemented plan. If you do not feel you have the available resources to make that decision, might I suggest consulting with someone who does. Either way you decide to go, good luck.

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Permalink Reply by Catfish on October 8, 2008 at 5:13

I spoke with a landman from another co. He said chk was lowering lease bonous due to ng prices. He was working the east 80 area of Haughton and was offering 15k but no longer. If you turned down recent offers from chk it may be awhile before they go back up.

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Permalink Reply by Father of the Year on October 8, 2008 at 5:54

People, the capital markets turmoil has had a huge impact on the Haynesville E&P's. These companies obtain capital for leasing and drilling by issuing debt and equity. The debt markets have seized up. The equity markets are even worse. For example, HK's stock price is now down 80% from its high in July.

There was alot of speculation that HK CEO Floyd Wilson was looking to sell HK. Unfortunately for him and HK shareholders, that may now happen in a Wachovia-type acquisition.

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Permalink Reply by Grillin' - MmmMmm on October 8, 2008 at 6:34

Heck, things keep going like this, I'm going to cash in my bottles and cans from the side of the highway and make Floyd an offer!!! I'll even throw in a coupon for 50% off at Luby's!

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Permalink Reply by OGCalifornia on October 8, 2008 at 10:06

I also was contacted by Red River Land Services yesterday. I was told that Chesapeake was going to lowering their original offer of 7k/acre due to the drop in the price of natural gas and oil. And that everyone else in my area had signed already.

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Permalink Reply by P.G. on October 8, 2008 at 6:40

I wonder if any of this has to do with the political climate it looks like we may be heading into?

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Permalink Reply by Carter on October 8, 2008 at 9:48

95% of the people on this board wouldn't take a bird in hand...

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Permalink Reply by Grillin' - MmmMmm on October 8, 2008 at 9:56

Yeah but I had a bird in my hand once and that sucker pooped on my hand!! Humor at times like these can ease the pain!!! I'm going home and listen to all of my old Bill Cosby albums from the 1960's! That dude was funny...Fat Albert...Chicken Heart...

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Permalink Reply by Catfish on October 8, 2008 at 11:33

I did just belive it was the best choice for me. Time will tell.

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Permalink Reply by Kassi on October 8, 2008 at 14:46

Remember folks, the price of gas is down, the stock market is down and it is the end of the fiscal year for many companies. Also, the companies need to drill what they have. Be patient, take a breath, learn, organize and wait. The price of gas will go up when winter sets in, the market will stabalize with time and a new fiscal year will be ushered in. The leasing will continue. The prices will go up and dow dependent on the market forces but those who are organized, patient and wise will still get good lease deals and more importantly, good protective terms.

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Permalink Reply by Bill on October 9, 2008 at 21:10

It may be awhile before the summer frenzy of 08 repeats.....Hopefully long enough to freeup my acreage..LOL......."TIme........is on my side" "Yes it is"..............hopefully anyway !!!!!!!!!!!!!Best of luck to all!!!!!!!!!!!!If they start drilling and hit, thats aight too!!!!!!!!!!Drill baby drill or wait!!!!

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Permalink Reply by gawain on October 10, 2008 at 2:39

Bill may be singing "Time is on my side", but every time I read the title of this discussion, I hear it in my head as the first line of a three-chord Delta blues lick: "Yes, I spoke with a landman this morning . . . ."

If you want hear what I'm talking about, tune in Raoul Breaux's "Blues Box" on krvs.org (the Lafayette public radio station) between 9 am and 1 pm today (or any other Friday).

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