wpt9452

I live right before you get to 169. They offered us at first 1,000 an acre. Came back two weeks later with 3,000 and 25% at first it was only 20%. Told them we will call them. Looked the company on the papers up on the Secretary of state web site they are not in good standing. Didn't file a end of year report or something like that. The landman are I think thats what he was said thats the going rate now. I've walked around and talked to alot of people and they have all signed leases for a lot less than that. I just as soon lose 9 thousand then see somebody next door to me get 12 thousand a acre. A lot of people around me signed for a couple of a hundred dollars. All the meetings and I've been to alot of them say just wait. Everybody jumping ship and signing low nobody will make money. I think everybody in this area around Hops corner and Four Forks need to have a meeting and form a group if they dont already I haven't heard of one. Just to keep everybody informed on whats going on.

I was told that my great grandfather Roderick Goodwin dug that lake. When I was a young kid my grandmother would stop at the Teague store on 79 to talk, I believe she said that they were related, cousins I believe. Lillie Mae Goodwin Married Joe Odom. Her sister owned the Perry place just North of the lake off 79. My mother was Josephine Odom.

wpt. Does your lease have a "shut-in clause"? Eight years is a long time to have a well shut-in. You may want to reread your lease, confirm the last production date and ask some basic legal questions on the main page.