What Company? Devon is leasing the Pine Acres Sub-Division on the West side of town for $1,000.00 an acre, 25% royalty, Pugh Clause, and no additional cost to the owners, except the usual taxes( for 3yrs. and 2 yr. option at the same price).
The old Goodwin school is about 200 yds from where Encana' s permitted to drill a well off FM1277. I got an email today from Devon inquiring about our property at the FM705 & 103 intersection. Things seem to be heating up again! FYI, I'm a Cheerleader fan ..... Motherload, baby, Motherload!!!
CL, this close to a new year and a new budget, I don't think I could seriously consider offers made this week (unless they were really good, of course). 2009 budgets were set at the depths of the recession last Dec./Jan., although I'm sure they get reviewed, and possibly revised, quarterly. I'm just inclined to wait and see what comes out for 2010. If you've waited a year for an offer why would you get in a hurry now?
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