This Sure Sounds Familiar

http://blogs.forbes.com/christopherhelman/2011/01/21/chesapeake-ene...

 

http://morningstarpublishing.com/articles/2011/01/05/leader_and_kal...

 

It worked so well in Louisiana, they decided to do it in Michigan....  The entire articles can be read in the links above, but an excerpt is here:

 

Most of the plaintiffs are landowners in Texas and Michigan who agreed to lease their land to Chesapeake (often at prices more than $5,000 an acre) for oil and gas exploration. They signed contracts with Chesapeake, or one of its agents and received orders for payment in amounts totaling millions of dollars. So imagine their surprise when a few weeks later instead of getting cash the landowners instead got letters from Chesapeake claiming to void the leases and stating “we will not be funding the order of payment.”

Views: 251

▶ Reply to This

Replies to This Discussion

Permalink Reply by P.G. on February 3, 2011 at 5:09
That's the whole point isn't it?
Permalink Reply by Linda Whatley on February 3, 2011 at 5:12
YES!!!!!
Permalink Reply by P.G. on February 3, 2011 at 5:41

Maybe there could be companies who specialize in mineral lease transactions with escrow services people could hire. Like a real estate closing..

Kind of amazing something as important as these transactions can be are still conducted on a hand shake basis, huh?

May be something a title company could do as a sideline...

Perhaps offer Mineral Title searches like they do for mortgage companies..

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Bienville Parish lease offer

Bienville Parish lease offer
2 Watch Skip Peel's Interview with the University of Minnesota on the Haynesville Shale

Watch Skip Peel's Interview with the University of Minnesota on the Haynesville Shale
3 Bienville Parish lease offer

Bienville Parish lease offer
4 Permian Gas Bottleneck Demands More Takeaway Capacity, Execs Say

Permian Gas Bottleneck Demands More Takeaway Capacity, Execs Say
5 Seller Beware!!! How Mineral Companies Work Together.

Seller Beware!!! How Mineral Companies Work Together.
6 Louisiana lawmakers want to cut taxes for oil. They'd pay for it by upping taxes on natural gas.

Louisiana lawmakers want to cut taxes for oil. They'd pay for it by upping taxes on natural gas.
7 Lithium Brine Lease letter from Red Oak East, LLC - Location Cass County, TX, near Naples, TX

Lithium Brine Lease letter from Red Oak East, LLC - Location Cass County, TX, near Naples, TX

Blog Posts

History of GoHaynesvilleShale

The History of GoHaynesvilleShale.com

GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…

Continue

Posted by Keith Mauck (Site Publisher) on May 21, 2025 at 6:00

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service