landowner

New offer this yr

We were just offered 4000. in Aug09 on Sec12,T16,NR14W Now the offer has gone up to 5000. w/ a 25% royalty.We were ready to just hold out this past July when they came up w/a 1500. take it or leave it offer. Now we wonder how many in our section have already signed and if we should hold out for a while. Can anyone tell us if this is fair or should we just wait for the100% royalties and no bonus payout.

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landownerPermalink Reply by P.G. on October 9, 2009 at 3:06
If I had it to do over again, I'd not sign anything until they showed me the rigs!

landownerPermalink Reply by adubu on October 9, 2009 at 4:09
What Company? Who the operator?

landownerPermalink Reply by JHH on October 9, 2009 at 4:12
yes, what company is offering $4,000? jhh

landownerPermalink Reply by Gary on October 9, 2009 at 8:19
Chesapeake is the one making the offer, thru landman JPD Energy

landownerPermalink Reply by JHH on October 9, 2009 at 15:07
Very good. Thanks!
jhh

landownerPermalink Reply by Bacon on October 9, 2009 at 4:59
$5K & 25% seems to be petty normal for now. I know HK was offering that a few months ago and I've seen people post on here, similar offers from other companies recently.

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