Started Jun 30, 2008
Started this discussion. Last reply by Keith Mauck (Site Publisher) Jun 30, 2008.
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Posted by Char on May 29, 2025 at 14:42 — 4 Comments
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landownerKeith Mauck (Site Publisher) said…
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landownerArmy MP Wife said…
landownerArmy MP Wife said…
I too live in the area and attended the Love Chapel meeting. What were your thoughts? I am not too happy about the 4% of my bonus "catch" to the deal. It was stated that a 100 acres were already committed from sections 11&12 prior to this meeting. At $10k/acre they would already be looking at $40k. How much are attorney fees to look at one contract? This is only a small percentage of the 1280 acres combined in these sections which tells me to hold out or group with others that are not paying this 4%???? The O&G companies have already leased in our area with some so would this not mean that our area at some point will go active and thereby our minerals increase in value and be more aggressively pursued at a higher rate?
This is so early in the play that I feel many are jumping in way too soon and over the next 6-12 months bonuses here will be exactly like what Barnett Shale owners have come to expect. I only want a fair price for what I rightfully own. This isn't my SUV that I'm trying to sell, after all, this has real value.
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