Just sent you an email on you Aol account.

Kassi, please send me your email. I am out of town and not on my computer so I do not have your email. Please send it to me. thanks TCB

our property is on the border of Keithville and Shreveport, at the South end of Kingson Hwy

How close does our property have to be to yours to join? Do they have to be connected? Delete Comment

How many people are in your group that make up 150 acres?

Thanks for the advice. Patience has helped us thus far. We are working with our neigbor to give us more bargaining power. Have you lease your land yet?

Kassi, you made a comment that said if you are in North DeSoto or South Caddo you should not settle for anything less than $20K an acre, This is where our 20 acres is at. Do you think this is a good spot for leasing? We have had multiple offers and are still waiting

Kassi,
What is the latest activity with your lanowner's group. Have you gotten any offers yet. Will the information that has come out this week from Petrohawk and Chesapeake make the land more valuable? How much longer would a landowner have to wait if they joyned your group to get the deal finalized? Are you talking weeks or months?

Thanks for the info,,,im sure we all need something to start with...thanks again

Hey, I know you are super busy but I just wanted to drop you a line or two.You know me ,I am forever rambling. Just wanted to tell you how proud I am to know you, "Shale" wise anyway.You have helped thousands of people from all over the place and we are indebted to you more than you will ever know.From now on , anytime someone has a problem with a post of mine , I am going to send them straight to you.Because you are the reason that I know what I know about this Play and you are one of the reasons that I am so passionate about this. That being said,you must take full responsibility for my actions from here on out. HA! HA! That would certainly have been a full time job!

If there is anything that I can do , please don't hesitate to call. Again, Thank you from the bottom of my heart and may God continue to richly bless you!

Kassi,

The mineral rights inclusion contract, is that your own contract you used ?
if so with what company ?

kassi,

in an earlier post i seem to remember you saying that sabine would be going for 10-15 once some reports were issued this week. have they been issued? thanks.

I heard that Means in Mansfield is charging 3% to review leases etc. I have used him on succesion and other real estate work. He is slow but good. Just a suggestion. TCB

How much land and how many people are in your group so far? Who is your attorney? I might be interested in negotiating as a group. Please reply to my email addy here.
Thanks Kassi.

Kassi, do you have a name and contact info for XTO landman? I saw your post that they were offering $14,500 and acre w/ 1/4 royalty. Thank you.

Kassi,
I'm with lanadan here - I'g getting more interested in negotiating as a group. Would you please provide me some details too? (I emailed you last week, but you didn't reply.) I have more land than lanadan, and would be glad to provide details in an email. Could you reply to my email? I can also put you in contact with a company that I've had very good dealings with -- they seem very willing to make good offers.
Again, great job.
msfva

Kassi, I have 75 acres in Desoto Parish, sec. 20, 11n 15w. At this time, I am talking to a landman that works out of J W Porter's. The company is Honeycutt Hill (for Chesapeake). We are negotiating at this point. It now stands at 7500, 1/4, 3yrs.
I am beginning to think that I may be better off joining a group like yours. Could you please tell me some of the basics, such as how much do the attorneys get? And when do you think this will gete kicked off?

Hi, Kassi, if we get Chesapeake to lease at say $17K/27% and include the clause below we would be covered for any larger bonuses & royalty % that come in the future.

This was number 4 on the list of clauses I email you that PetroHawk accepted already.

It is called a FAVORED NATIONS clause.: "If at any time or times prior to a well being completed on the leased premises, or prior to a well being completed in any pooled or unitized units in which the leased premises are included, Lessee or its assigns shall obtain a lease from or make a contract with a mineral owner under the Leased Premises other than Lessor, then Lessor shall be entitled to any benefits paid for, granted or reserved in such lease or contract which are greater or more favorable than those paid for, granted or reserved in this lease. Lessee shall pay Lessor immediately Lessor’s prorate share of such benefit, including without limitation, bonus, royalty, rental or shut-in payment or any other benefit more favorable to such mineral owner than the payment for or the benefits of this lease. If necessary in the opinion of Lessor, then Lessee shall amend this lease to confer such benefits upon Lessor.

Below are notes further explaining how to negotaite to get the landman to accept the clause.

If the landman refuses to accept this clause (many will hem and haw about it,) at least get them to put in a "depth" clause (which they should be able to supply you.) A depth clause is fairly common and they shouldn’t balk at that. If they do, I’d be a little wary of leasing to them. Chesapeake will give you one I’m sure. Also ask them for a “no deductions” clause and a “shut-in” clause, which they should also supply you in the form of a “rider” that will be attached to the lease. These are all protective clauses for you and should be included in every lease you sign if possible." TCB

kassi,thank you for the info. Thay did drill in my section, they went to a depth of 5,380 and hit nothing. It is my understanding that they are applying for a permit to go deeper. my contract will be gone over by an attorney on monday of next week. Again thank you for your response altonmcmellon@comcast.net