Immpossible to answer without knowing location, tract size, drilling location availabilty, % of unit leased (or section in non-unitized areas), depths available, clauses requested by lessor, term of lease for starters.
KB, can they still get away with saying "he/she used due diligence in locating all interested parties..." when you call and talk to them and try and negotiate a good lease for yourself and they won't agree to your terms?HELP
I believe Buesa, contracted out to CHK on property next to ours; sect 5, T13N 15W; and we were called by CHK in June? and didn't agree to meet with them because we told them we were working with a group. The group fell apart and now it's hard to get a lease...I'm told that once a pad is in place it's too late to try and lease?' is this true?
Its not too late to lease even after they drill a well. Especially if they hit a wall hanger. You wouldnt be able to hide from them if you wanted. A group is still the best bet. Even if you dont need any help, that doesnt mean your neighbors dont.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More