Replies to This Discussion

Permalink Reply by kittycatmama on October 26, 2010 at 13:56

I heard they choked back sec. 7 to 6mcfd for Sept., but until Sonris updates, I can't be sure of that.

Permalink Reply by Linda Whatley on October 27, 2010 at 7:28

I kinda figured they'd be doing that.........

Permalink Reply by kittycatmama on November 4, 2010 at 8:43

I am out of town, but some friends ours in sec. 7 got an offer of $30000 per ac. to SELL minerals. They wouldn't consider it, but that is the highest offer we have seen

Permalink Reply by Linda Whatley on November 5, 2010 at 10:53

I wouldn't sell.....

Permalink Reply by RONNY on November 5, 2010 at 15:14

Anyone know what company made the $30000 offer? That's getting close to my breaking point. I possibly would sell for $30000 per.

Permalink Reply by Henry on November 5, 2010 at 23:40

I assume the offer is so high because this is one of those sections where ECA has plans to drill 8 wells?

I would consider it. EnCana might run into financial problems and decide not to drill all those wells per section. And, aren't minerals taxed as a capital gain (very low, if you do it this year)? JMHO.

Permalink Reply by kittycatmama on November 6, 2010 at 2:43

Henry, I wondered about that. If a person lives on the property where the minerals are, wouldn't that be different tax wise than an investor owning land. Any tax people on here

Permalink Reply by kittycatmama on November 6, 2010 at 2:42

If you are in sec. 6 or 7, you will probably get a similar offer;however, if someone is offering that much, then they must know something. I would assume at least 8 wells for these sections. I definitely WOULD NOT SELL.

Permalink Reply by DeeDee on November 6, 2010 at 2:07

I wouldn't sell.

I guess maybe everyone knows this but production for July and August are on Sonrise for VP well 7-14-14

Permalink Reply by Linda Whatley on November 6, 2010 at 4:57

DeeDee and I are on the same page........... unless you really need the money bad, don't sell.

Permalink Reply by Linda Whatley on November 6, 2010 at 5:05

Production looks good to me......

Still haven't received anything from Chesapeake for their portion of royalties on Virginia Packert 6H. ... Hopefully, the DO will come soon.

Permalink Reply by DeeDee on November 11, 2010 at 2:55

Still no DO Nov 11. Reading some good news LOAG. Chevron buying into Marcellus Shale, this means they don't think NG will be down forever. Looking at brighter side!

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