Share 'Getting the right price per Acre and Who's really getting Rich?'
Answer; The O&G Companies. Cities, Parishes and State government!
Chesapeake (CHK) DID have 500,000 acres under lease, bt recently closed on a transaction with Plains Exploration and Production (PXP) in which they sold 110,000 acres to PXP for $3.3 billion. That's $30,000 per acre and establishes that amount as a "Fair Market Value". Without question that was what is referred to as "An arms l…
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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More