We have four acres in Elm Grove and have had an offer of $15,000.00 acre. How do we go about negotiations?
I don't want to be greedy and yet I don't want to be ripped off either. Does anyone know what price we should be looking at to aim for?
Views: 60
Replies to This Discussion
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Permalink Reply by Kassi on
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Many groups are allowing people from various sections as our group did. Have you talked to anyone in the sections around yours? First and foremost research! If you or someone in your group is not comfortable enough with your knowledge to negotiate then hire someone. Be sure you look at more than the money and get clauses in the lease to protect your environment, quality of life and property. Make sure you also define what production in paying quanitities is so you do not get held in production by a 2 cent a month well some day.
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Permalink Reply by Jane T on
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Hey Earl,
Where is this SWAMO meeting taking place? What time Thursday are they meeting? You guys need to remember that we're clueless on just about every aspect of this stuff.
Thanks,
Tom & Jane
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Permalink Reply by Bobi Carr ("parker") on -
Jane,
Since you are new to this PLEASE, PLEASE, PLEASE read what ShaleGeo has to say:
Elm Grove, duh? I would not lease for less than 30 and 30.
DO YOU KNOW WHO SHALE/GEO IS? HE IS OUR RESIDENT GEOLOGIST GURU, WHO HAS HELPED MANY OF US OTHER CLUELESS PEOPLE ON THIS BOARD.
If you don't listen to what anyone else has to say listen to what Jay has to say.
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Permalink Reply by po boy on
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Parker, do you or Randy have on comment on the rumor that CHK is positioning to buy Petrohawk?
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Permalink Reply by Bobi Carr ("parker") on
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Randy works for CHK he may know something.
I don't know much about either other than what I have read on here.
It was discussed on Tiger droppings but most dismissed it on there.
I sure hope not. Petrohawk's offers are one of the things keeping CHK's offers higher.
I would think if Petrohawk sells out, it would be to one of the big guys. (Exxon, Shell, etc.) Just my humble opinion.
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I will be there. The guy is supposed to be in contact with us on Friday. We are definatly not signing anything until we are totally comfortable with everything. We have a lawyer set up to look over everything before anything final is done. It sounds to me like 15/25 is shooting way to low.
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Permalink Reply by Bobi Carr ("parker") on
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GOOD LUCK.
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Permalink Reply by Snake Stewart on
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How many miles as the crow fly's is that from the Grove ?
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You are about 16 - 18 miles south of me. I'm 11 or so away.12 -16 miles aint all that far as the crow flies. Closer then a lot of the Shreveport areas are. But they do have their own wells to salivate over.
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I believe that to mean ... $30,000 bonus up front money and 30% Royalty.
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