Replies to This Discussion

Permalink Reply by max73 on October 21, 2008 at 5:05

Which company has made the offer?

landownerPermalink Reply by Terry on October 21, 2008 at 8:29

We've had several companies contacting us. I'd prefer not to say who until I can find an answer on who we share rights with. I can say that several companies have a presence in the area, namely Hunt Petroleum Corp, Devon, Elora, St. Mary's, Marathon, Mustang, and others.

landownerPermalink Reply by Eat Beef on October 22, 2008 at 11:31

Someone else on the Shelby County Group wrote about having 4.657 acres of minerals that they didn't know about in the Bigger Abstract 94 and 89. You may want to read what has been said to them. It's just down a few spots from your. The company that approched them was St. Marys.

landownerPermalink Reply by Eric on October 23, 2008 at 8:51

EB that would be me or actually my wife that was approached by St Mary's. Terry is a distant family member that is involved in the same battle as my wife. While St Mary's seems real active in the area as far as leases, we are just shopping around at this point. We haven't to the greedy stage yet and hopefully we wont but we want to insure our interest are met.

Oil & Gas ProPermalink Reply by Carter on October 23, 2008 at 12:51

It's good that you are not greedy, b/c St. Mary's does not pay...

Neither does Hunt (XTO now)...

Ellora doesn't have much of a position in that particular area. Within a few miles, yes, but not in your area.

Marathon has not been active around here since about 2003.

Devon has put on the brakes; Chesapeake has backed off, they were the only price drivers. No real buyers out there for bigger money right now.