Replies to This Discussion

Permalink Reply by Kassi on August 8, 2008 at 16:52

I think you would be wise to wait a bit and research a bit then decide

Permalink Reply by DYST_JP on August 13, 2008 at 6:13

I can confirm offer north of Grand Cane. Wifes coworker lives in RanchLand acres. Land not HBP. They leased to PetroHawk for 22.5 k and 27.5% royalty on 8 acres.

Permalink Reply by Pantherman on August 13, 2008 at 10:42

Everyone,

Many thanks for the replies. My family made a counter offer today consistent with the numbers shared on this blog. I will let you know how this will pan out.

Permalink Reply by Ladyoaks on August 14, 2008 at 0:30

Jim-

We are right in the Ranchland acres area as well. Do you believe 25K/25% royalty is reasonable? We are in no hurry. Any thoughts?

Permalink Reply by smith1 on August 14, 2008 at 5:02

how do you determine a unit,

Permalink Reply by GetSmart on August 15, 2008 at 8:33

Does anyone in DeSoto have current offers on the table, or has anyone had offers pulled in the past couple of days?

Permalink Reply by msfva on August 21, 2008 at 23:21

I did not have an offer "pulled," but I do know this. Three weeks ago, Chesapeake told some of the people in my area, with whom they were negotiating, that they had until the end of the day to agree to terms. This message was delivered in the early afternoon. And, not just agree on dollar values, but also agree on lease clauses. I know of one case, where the dollar values had been agreed to, but not the lease addenda clauses. So, the people backed out, rather than sign a lease they weren't comfortable with. I know of another case, where the message was left on the answering machine at 2pm, and the person did not find the message until a few days later. No deal for that person either. In the long run, they'll probably both end up doing better, as prices go up. But, patience will be required in the short run.