Replies to This Discussion

Permalink Reply by bagger on September 18, 2009 at 17:11

Where is this shallow well in sec 36? I can't recall any site in that area.

Permalink Reply by msfva on September 5, 2008 at 12:41

Bagger,
Help yourself out, and go find out what everyone else in your section is doing. Find out if they signed, who with, and for how much. Your bargaining position is very good if you are the last unsigned person. If no one, or very few, are leased, get together and negotiate in a group. This is no time to sit back. Get this information, and go get yourself many, many thousands per acre! But you need to know where you stand. They do. Don't let them negotiate with superior info. Be just as informed.

Permalink Reply by ken hatcher on September 6, 2008 at 15:10

DIXIE S2, Got a letter today ( LISKOW & LEWIS ) , you can include 6,3,8,9,10,11....am in section 8 and unleased. Really have not had a decent offer....oh well !!!

Permalink Reply by Dixie on September 6, 2008 at 16:01

Ken,

Thanks for the information, I have added those sections to the diagram. That makes a total of 23 sections that are already or will be unitized in 9N-12W.
Good luck with the offers, I hope you get the price you are looking for ---or even better.

Permalink Reply by Patricia on September 6, 2008 at 16:10

Ken, you said you are in sec. 8, is that right south of Belmont?

Permalink Reply by ken hatcher on September 6, 2008 at 16:35

No, I am in mitchell...east side of sistrunk loop !

Permalink Reply by Kane Bennett on September 7, 2008 at 15:41

I'll keep my fingers crossed for you Ken. I appreciate people like you who do their best to help others in N. Sabine stay informed.

Permalink Reply by msfva on September 6, 2008 at 23:57

ken_hatcher,
Patience. You are now in the driver's seat. If you are unleased, and unitized, Shell needs you to get to your gas. Congratulations. Don't cave in for a cheap offer. Your gas is worth a LOT. Read this site about how much the gas under your land is worth. At least two investment houses have said there is enough gas to justify lease bonuses of $40k - $50k. Recall that the CEO of Chesapeake has said that $30k is "chump change" for these leases. Everyone of you in 9-12 should be banding together and demanding a fair price.

Permalink Reply by Rick on September 7, 2008 at 14:35

Ken, as others have told you, sit tight, you are in a VERY good position now. I own land in DeSoto and they are nearly complete with the drilling of a well just a few hundred yards behind my house in my section. I only have a little over an acre and they haven't seemed too interested before, but now that the well is getting close to complete, they are getting real interested. They don't want to have to pay me, you or any other unleased landowner 100% revenue minus the operating expenses because regardless of what anyone tells you on here, your take would be more that 20-25% and they want to keep that difference in money; so let'em leave you unsigned and when a rig starts drilling, set back and smile and wait, you'll hear from them!

Permalink Reply by Chad Procell on September 17, 2008 at 13:55

Does section 8 include Hot Wells area on 191?

CP

Permalink Reply by ken hatcher on September 17, 2008 at 14:54

No, that probably IS range 13 WEST. Not sure what section though.

Permalink Reply by bagger on September 7, 2008 at 16:46

I talked to a couple close to me they claimed they pulled out on them. I can't say for sure if that's true. I know one person near me leased with chesapeake. Chesapeake reps talked to others around me. The rep told me he was waiting on signatures for those who's property join mine. In all it would be close to 200 acres. I don't know who to believe. The landman or the neighbors. Some of the property is a Church and graveyard. I think those two could use some money for operating funds.

• ‹ Previous
• 1
• 2
• 3
• 4
• …
• 16
• Next ›
• Page