Replies to This Discussion

Permalink Reply by Foxiecajun on January 8, 2009 at 4:53

Just heard from friend....Sec 16-11-15 Desoto. Whit Porter, 3500.00 acre and 25%.

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Permalink Reply by linda on January 8, 2009 at 13:41

How many acres?

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Permalink Reply by Foxiecajun on January 9, 2009 at 5:08

Not sure...over 5 but less than 10

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Permalink Reply by Paul Mcwhiney on January 9, 2009 at 5:29

$3000 / acre in the ellerbe rd area was told they would only be there 7 to 10 days so they needed an answer in that time frame or they were moving on. That was by petrohawk

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Permalink Reply by RAY on January 17, 2009 at 11:18

Paul, what the latest news on the Petrohawk offer in the Ellerbe Rd area?

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Permalink Reply by Desoto11 on January 20, 2009 at 8:02

Desoto Parish, 4000.00 Acre. Sec 20-11-15 25% Royalty.

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Permalink Reply by OGCalifornia on January 20, 2009 at 15:33

I received a check from Red River Land today. My siblings and I own 75 acres in 4-19N-12W. It probably is not as much as some of you have received but a bird in the hand...........

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Permalink Reply by Bobi Carr ("parker") on January 20, 2009 at 15:54

OGCalifornia,

Is Red River still leasing for Chesapeake?

Also would you mind sharing per acre price.

Thanks for sharing what ever information you are comfortable giving.

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Permalink Reply by OGCalifornia on January 21, 2009 at 8:15

Parker,
Yes, Red River is still leasing for Chesapeake, however the check was from Red River's account.
We received $7,000.00 per acre. We felt that when the price of natural gas and the economy took a dive that it was too much money to speculate with. It is a lot more than the $250.00 per acre we were initially offered. Also I was out voted by my siblings on whether or not to accept. This amount does not include any surface rights and 25% royalty. I wish all of you well in your negotiations. In the end everyone has to do what they are comfortable with.

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Permalink Reply by OGCalifornia on January 21, 2009 at 8:21

Have you been offered two or more in the bush? We did what works for us. I sincerely hope everyone gets whatever is in the bushes for you.

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Permalink Reply by Dorcheated A1 on January 21, 2009 at 8:30

I've been in the Bushes for 8 years. Their telling me it's time to come out.


Just a little joke OG smile.

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Permalink Reply by sesport on January 21, 2009 at 11:51

OG - at least your family voted. I think it was Gosh Darn that posted an article about some man suing his family because he felt he had been blindsided by family. You may not have gotten top dollar, but you've got a family that works together.

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