JWindom

Give me a call at your convenience at (480)515-2606 or (480)993-8048. Look forward to talking to you.

I just received the the lease papers today(08-14-08). There is a lot of language in the terms of the lease that don't seen to benefit the land owner. I was told I was the las hold out in the area.

Hi Jim,
What was your lease offer in the 19n 12w area? I am not going to sign mine unless it is modified to be considerably more landowner friendly. It appears the lessee has more rights than the lessor.
OGCalifornia

Hello Jim , I really don't beleive the State numbers are going to help. At this point they may be a hinderance. It is entirely too early in the play for O&G's to make that mistake again. When the Caddo numbers came out last month the $30k /30% that they got caused a serious jump in prices that people were asking for and expecting. Now that they are regrouping or at least trying to , they are holding prices down as best they can or not even leasing at all in some areas. If you look at the prospective drill sights in northern webster I believe that they may be a better indication of what we can expect then the state numbers. At this point they will sacrifice these small tracts , even if they are golden , for the greater good of further leasing in the parish. If they don't pay the state , then "surely the peasants wont expect us to pay them big bucks!" WRONG ! The well docket numbers are...08-1405 and 08-1406 by Nadel and Gussman LLC .Hearing to establish is Sept. 26, 2008. Designated as CV RA SUE and CV RA SUF for the Cotton Valley Formation Res. A and HA RB SUF and HA RB SUG for Haynesville Formation Res. B Delete Comment. Thanks and have a good day.

Jim,
It's good to hear from you. I'm not sure whether my property is in the HS play or not. Time will tell. Take care.
Bob