We live off Hwy169 and Bumcombe Rd. Does anyone know if this is a good deal? We allowed Fortress Management to neg. the lease for us. We haven't signed yet. The royalties are 25 per-cent. Can anyone tell me if there's been a better offer in my area? I'm being told to hold off for a better price.. Does anyone know the township forthis area??
Thanks.. can you give me the name and phone # of the other Greenwood group?
I'd like to sign with them if possible.. 22,000 is better than 19,000.
If it's not too late.
Thankyou for replying..
IF A SOMEONE IS GOING TO GIVE 19000.00 FOR 1 ACER.I WOULD PAY 460 DOLLARS FOR 19000.00.YOU GO TO THE COURT HOUSE AND SEE HOW MUCH WORK IT TAKE TO GO BACK A 100 YEARS ON YOU LAND.IT NOT ON A COMPUTER IT ALL IN BOOKS.
Might ough to take the offer since you are this far in it...Unless you want to take a chance and get less in the future...The hurry up and lease every bit of land around is just about over...They need to start drilling to make the money they have spent on Signing Bonuses that have been handed out....Just remeber the 19 grand is money you didn't have 6 months ago and if it wasn't for the Haynesville Shale----YOU would never have it....Don't get greedy.........
Permalink Reply by Pat on August 23, 2008 at 19:31
The simple math of it all is if you are paying 4% you are over paying. Simple as that. Believe it or not. Anybody that agrees to pay that with all the information out there telling them they don't have to is just uninformed or desperate for a check which is understandable. If you need the money and a guy can get you a check right now for 4% instead of you waiting a few weeks or months to get it for free, then you do it. I am sure people in Ft Worth overpaid for things in the beginning too.
If you want to lease your property, this sounds like a good deal, make sure you have a good lease. As for as Fortress, I personally know Denny and think you can trust him.
He gave you a form letting you know what they were doing for the landowner, Stick with your group.
Yes Raymond..fortress has been very honest,and like they say..I don't have to take the deal.. I was just wondering if there might be something a little cheaper.
thankyou for ya'lls replys