Replies to This Discussion

Permalink Reply by Creek on December 7, 2008 at 6:04

LEE,

IT IS PATROON (NOT PAT RONE). JUST SOUTH OF SHELBYVILLE ON 87.

CREEK

Permalink Reply by Bill R on October 14, 2008 at 8:49

Our family has leases throughout San Augustine and Shelby counties in and around Shelbyville-Hurstown-Neuville, with most of the bonus checks being based on $3400 per mineral acre and 25% with three year leases. On Friday 10/10/08, one of the companies out there offered to lease ALL of our remaining holdings at a higher rate per mineral acre and 25% on a two year lease, as well as expressing the desire to lease any and all holdings in the area that are at current contract end or expired. They stated that all payments will be in the form of bank check and not drafts. Part of the agreement is that we not disclose the interested party, but they are still leasing out there and paying some pretty decent dollars to do it.

Permalink Reply by Eric on October 14, 2008 at 9:02

Bill what abstracts are you talking about?

Permalink Reply by Lee Davis on October 14, 2008 at 13:35

Don't you find all this confusing? It would seem that the difference in prices is what is fueling a hold out. This can't be to the oil company's benefit, can it? Do they think we won't check out what is going on in the area? I've done nothing but read for days on oil and oil leases in Shelby county. Frankly this web site has given me more insight than a lot of printed material on the subject. And yes, no bank drafts... Please keep giving us information!!!! We out-of-towners are at a disadvantage.

Permalink Reply by Gone Fishin on October 15, 2008 at 2:31

Just incase anyone thinks Cpk will not have anymore money to spend in the near future. I thought I would post this little clip from their october 10th press release along with the link it came from.

Assuming the successful completion of the planned asset sales and as a result of the additional capital expenditure reductions discussed above, Chesapeake anticipates generating excess cash of approximately $1.5-2.0 billion in the 2008 fourth quarter and approximately $1.0-1.5 billion in each of 2009 and 2010. The company's goal is to end 2008 with approximately $2.5-3.0 billion of cash on hand.
http://custom.marketwatch.com/custom/earthlink-net/mw-news.asp?GUID={82B09A90-885D-4946-A7FF-64AF81CBFEB0}&destination=2&symb=chk

Permalink Reply by Lynn on October 20, 2008 at 13:17

Bill, I'd love to get information from you. I have not been able to find out who is leasing to these people in Neuville area. I have acreage to lease, but not sure who to contact...

Permalink Reply by Don Howard on October 21, 2008 at 12:07

Lynn: I would be interested. Email your information (legal, # of acres, etc.) to me :
hilligas@sbcglobal.net
Thanks, Don

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