For about the last week I have been hearing phrases like "all offers are off the table"," We are not signing anything right now."." They got an e-mail telling the to stop signing anything til further notice", "Cheaspeake is pulling there people out and concentrating on other area>" What actual real facts do we have? Anyone have any contact, calls, contract offers the last couple days? Any FACTS one way or the other?
Maybe that's what they want us to believe so folks will hurry up and sell. Believe me, there are way too many companies out there and as long as the shale is producing and they are in the buisness they will come along sooner or later... no rush, those why wait will do much better.
frome Sabine parish posting>>
Petrohawk representative to hold 2 day meetings at Converse City Hall on August 13th and 14th from 9am to 7pm. Bring property discriptions for possible leasing. (end quote)
That pretty much seems in line with last weeks chatter that the Big Boys were concetrating their attention west and south of Shreveport/Bossier.
My subd. rcd its first letter from Red River yesterday for us to call them. I called and spoke with Mr. Howell (Red River) said they are wrapping up the "little land left" they have leased the "big land" all around us.......... Only offer is $8,500 25% 3yr. I told him you had better offers,(quote ends)
In late July Petrohawk did walk away from a deal in Texas for a large leasehold (thousands of acres) with no explanation given. It was sandwiched between an area where they have existing HBP acreage and an area where they have acquired/attempting to acquire leasehold.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More