Replies to This Discussion

Permalink Reply by Paul Mcwhiney on July 5, 2008 at 16:05

Just wondering if the offers have gone up since petrohawks annoucement last week.

landownerPermalink Reply by insomniacnla on July 5, 2008 at 16:47

I hear rumors of $18,000 per acre but has anyone here actually received any offers over $17,500?

landownerPermalink Reply by Sheila C on July 5, 2008 at 18:16

Please elaborate!

Permalink Reply by Paul Mcwhiney on July 6, 2008 at 7:09

Are they offering this to people that only have one to two acres.Just asking because I do not feel like I should have to pool with a large group to get a fair value.

Permalink Reply by Snake Stewart on July 6, 2008 at 8:06

You are correct Mr. Mcwhiney, You shouldn't have to !

But since these guy's aren't making bonus offers out of the goodness of their hearts, you have to make them pay you more money.Being in a position to hold up drilling in a particular area is a threat to production or a chance for a competitor to slip in on their turf.Once there, the competition begins eating up profitts because they are going to get a larger cut then our measley 25 %. Being a 1 or 2 acre holdout is simply just an inconvenience to BIG O&G. Nothing more.

Not to mention the fact that larger groups on the Barnett made between $8,000 & $10,000 per acre MORE , then individuals or small groups did on average.
I said on the Barnett because some of the groups around here without strong leadership and are not as informed will not do as well.The only thing these neighborhoods are doing is making it easier for the landmen to process their leases because they are gathering their own legal descriptions and handing them over.

Permalink Reply by Johnson on July 6, 2008 at 14:55

Airline Baptist Church just agree to lease it's land for 16K per acre, .25 royalties

Permalink Reply by Gatorguy on July 7, 2008 at 2:11

Which company offered this?

Permalink Reply by carol on July 7, 2008 at 1:57

Does anyone know if there have been any offers around the Lakeview area behind KCS? There was a meeting a few weeks back but i was not able to attend so i'm not sure if there is any activity going on around here.

landownerPermalink Reply by Cathaus on July 7, 2008 at 3:06

Can anyone tell me who brokered the mineral rights for Evangel?

Permalink Reply by Red Sonya on July 7, 2008 at 3:51

Fortress Management (Tom Turnbow & Denny Reedy) made the Evangel deal.

landownerPermalink Reply by Cathaus on July 7, 2008 at 5:00

Thanks Red Sonya. There is a man here in the Blanchard area that is working to sign homeowners up for 5% of their bonus. He is telling us that he brokered the Evangel deal! Aha, just as I thought.

Permalink Reply by Red Sonya on July 7, 2008 at 5:41

You can check out their website at www.fortressmanagementllc.com to see what areas they are currently working on. They are asking 4%.

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