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Permalink Reply by arthur jenkins on January 11, 2011 at 7:14

you have no ideal lol

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Permalink Reply by Linda Whatley on January 11, 2011 at 8:34

arthur jenkins,

 

I'v known Whit Porter since first grade.  We both grew up in Mansfield, and graduated high school together.  I can honestly tell you Whit is a very good man.  If I were you, I'd listen to what Skip, Two-Dogs, and GoshDarn have to say.  They won't steer you wrong!

 

Good luck, and I hope everything works out to your advantage.

 

LJW

 

 

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Permalink Reply by arthur jenkins on January 11, 2011 at 9:10

Whit may be honest, I never judge a book by it's cover but there is this man Paul Hesser who hung up on me when I wanted to talk about his dealings with elder family members.  My family and I are not happy with his dealings and the lies he told to get some of my family  to sign leases. I have spoken with  your folks in California and they agree with the turms of the lease-this is a fact! he told this lie

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Permalink Reply by Linda Whatley on January 11, 2011 at 9:18

arthur jenkins,

 

Maybe you need to contact Whit and let him know what happened. 

 

Again, good luck..... hope it works out for you the way you want it to.

 

LJW

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Permalink Reply by Henry on January 11, 2011 at 12:43

Arthur,

Would you tell us what company is behind JW Porter here?  These land companies usually work under contract, as an agent for the larger O&G company.  Often any funny-stuff that they do is at the direction of the O&G company for whom they are acting as the agent.

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Permalink Reply by Frank on January 11, 2011 at 13:20

Their offerings are capped as well.  No pun intended. 

 

The company authorizes the maximum they can offer in their own negotiations.  It moves into the O&G company offices if you want more.  They will go up on price and continue negotiating through the land company if your proposal is attractive and they want the lease.  It takes time, but offers do move based on their business model.  Be prepared for a deadline when they are about finished with talking money.  Do it or find someone else at that point.

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Permalink Reply by Frank on January 11, 2011 at 13:28

I might add that the positions you and the O&G company hold in the eventually proposed unit have a lot to do with their leverage from being the controlling interest in the filing.  if it is not a formed unit.  You loose a lot once it has been defined so drilling plans may proceed.  They will sweep up with lower offers unless you have some acreage of interest in other unit definitions to prop up the weak one.  At some point you decide to fight for your UMI interest or sign up for the regular checks.

 

The up front money is not significant long term.  The terms and conditions of the lease are very important.  It's your land once it is over.

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Permalink Reply by Linda Whatley on January 11, 2011 at 14:36

Thank you Scott, that was well said.   

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Permalink Reply by Frank on January 11, 2011 at 14:46

A good landman that knows the court house and is willing to work to correct perceived flaws is worth his weight in gold for the landowner that needs to complete a lease.  I had one on just a few acres that Russel Poole cured on CHK's bill.  I can't say enough about that effort.

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Permalink Reply by Linda Whatley on January 11, 2011 at 15:13

I too can't say enough about the landman that I worked with.  His name is Howard Pritchart, and he was very helpful in getting some legal issues cleared up so I could lease my minerals.  He and I became good friends during his tenure with Chesapeake, and we remain good friends to this day........   Thank you Howard!  

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Permalink Reply by Two Dogs, Pirate on January 11, 2011 at 16:11

Arthur, I never lease the old folks before leasing the young folks or the ones in the family that have the experience of previous leasing. You seem to have a problem with the division of interest? All Porter can go by is the courthouse records.

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Permalink Reply by buckmaster on January 11, 2011 at 16:14

J W Porter is honeycut hill. leasing for      chesapeake

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