Negotiations with a practically unknown company

A couple weeks ago a landman contacted me about negotiating a lease with M L Benedum, LLC, who is very interested in doing business in Desota Parish; after talking with the company reps, I was impressed with the ease at which our negotiations have gone but I am concern that they are a little known untested oil production company with, to my knowledge, absolutely no track record. Has anyone done business with this company? If so, what is your impression? Who has even heard of them? What are the pros and cons of doing business with such a company?

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Permalink Reply by Kassi on September 9, 2008 at 6:55

Benedum is a wild catter trying to get into the play

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Permalink Reply by Natch N3 on September 9, 2008 at 6:59

Mlbjr:

I just found a discussion separate from this one that mentions this company...

http://www.gohaynesvilleshale.com/forum/topic/show?id=2117179%3ATop...

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Permalink Reply by P12 on September 9, 2008 at 7:11

So this company is a mining company. I resarched this company and have not found much information on them.

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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

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