Replies to This Discussion

Permalink Reply by olddog573 on August 31, 2009 at 2:16

5000k 3year lease 25% royalty

Permalink Reply by Keith Mauck (Site Publisher) on August 31, 2009 at 3:47

interesting, do you have STR for that? This is slightly higher than what Ive heard thus far. thanks!

Permalink Reply by olddog573 on September 2, 2009 at 0:06

I heard they were looking for anything in T's 9 10 and 11.

Permalink Reply by Keith Mauck (Site Publisher) on September 1, 2009 at 8:50

i heard this today as well

Permalink Reply by Keith Mauck (Site Publisher) on September 2, 2009 at 4:56

Can anybody confirm 5k offers from Petrohawk?

Permalink Reply by ken hatcher on September 10, 2009 at 16:02

yes, between converse and oak grove just off 174.....petrohawk leased for $5000.00 p/a

Permalink Reply by Skip Peel - Mineral Consultant on September 10, 2009 at 16:19

ken. Would that general area be Township 9N- R13W? Possibly Sections 3 & 4?

Permalink Reply by ken hatcher on September 10, 2009 at 16:31

Skip, 9-n 13-w would be correct. About two mile's east of converse slightly south off 174.

Permalink Reply by Skip Peel - Mineral Consultant on September 10, 2009 at 16:51

Thanks, ken. Though there are only two HA units in 9N - 13W presently, interested land/mineral owners should be aware that the development activity to the immediate north ( 10N - 13W) has increased significantly in the last few months. 10N - 13W now contains 28 HA Drilling & Production Units (out of ~36 sections). The southern most of those units are within a mile of the most northerly sections in 9N - 13W. Those members with unleased minerals in 9N - 13W, particularly the northern half, should be paying attention about now because it appears that their opportunity to lease is in the very near future. Hopefully they will make informed decisions.

Permalink Reply by grasshopper on September 11, 2009 at 15:19

My family and I which includes nieces, and nephews, were part of a group that Chesapeake left high and dry. They did not honor our Agreement to Lease. We had been sent leases to sign and these had all been executed. By way of explanation, our property had been partitioned in 1991 and we all had signed Agreements to Lease and Lease documents. Only 3 out of the 8 parcels were leased, 25 acres were left unleased. We are in Section 9; Township 9N, Range 12. As of this date, a drilling site is being developed in our section. So far, no one seems to very interested in leasing us. Would it be to our advantage to remain unleased, or should we be calling landmen? (I am Mrs. Grasshopper.)

Permalink Reply by Skip Peel - Mineral Consultant on September 11, 2009 at 15:29

grasshopper, CHK is obviously aware of your mineral interest in this unit. Post wide spread leasing competition, the most advantageous time to lease is after a HA well has spudded. I suggest that you hold tight and let the drilling begin. In the meantime decide on the lease clauses that you value and prepare your own Exhibit "A" page to present to the next landman that comes calling. Go slow and be deliberate. Once the lease terms are agreed to, then discuss lease bonus. The closer the well gets to completion, the more motivation for the operator to have you under lease.

Permalink Reply by Henry on September 12, 2009 at 3:40

Mrs. Grasshopper,
So why are you not taking CHK to court? You were likely left high and dry at a much higher bonus than you will get today. There is no statute of limitations on this.

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