Replies to This Discussion

Permalink Reply by Landowner on February 15, 2009 at 16:15

I think I would laugh at an offer like this also. I would rather not lease than accept such a low offer.

Permalink Reply by Taylor on February 18, 2009 at 14:19

Check out Chesapeake's new map..... things might get a little more interesting in your neck of the woods. Heads up!

http://library.corporate-ir.net/library/10/104/104617/items/322428/...

Permalink Reply by Kepler on February 20, 2009 at 7:18

Had a similar offer in 15N 8W from CanAm. I heard from a Petrohawk rep that they were trying to pick up some low cost leases in this area. I told them no thanks.

Permalink Reply by KP-s26-15-r8 on February 20, 2009 at 7:33

We also got the same laughable offer, we did not reply

Permalink Reply by Bill Fowler on March 25, 2009 at 8:45

So if this offer is too low, what's an acceptable offer?

Permalink Reply by Oil Guppy on March 25, 2009 at 12:45

I countered with $5,000.00 per acre and 1/4 royalty. That counter offer is location specific and based on what's been drilled to date in that area and based on what I know today, the price could increase sharply without prior notice as events progress.

Permalink Reply by JT on March 25, 2009 at 9:12

I think I would use this for toilet paper and then mail it back to them.