Our old BEUSA, Energy Lease was Purchased by Petro Hawk Now What

I just learned from my aunt in Louisiana that Petro Hawk bought out the old BEUSA, Energy lease from my family and they want to pay us $2,500 per acre to cut through our land in an effort to place wells elsewhere. They are asking for 3.8 or 4.8 acres to cut through. They also want to drill horizontally. I am not an expert in this topic, but this doesn’t sound right does it to you? My cousins had a great experience dealing with Petro Hawk I do not know what to make out of this please help? 

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Permalink Reply by Rozzy on December 10, 2010 at 10:05

Thank you so much for your help and contact information for the attorney. I will pass this on to my older brother...

Permalink Reply by Tom Hough on December 10, 2010 at 10:28

Rozzy we just leased to Petrohawk acerage for well pad and easement and got a better deal than that. Friend me and I will email you the details.

Permalink Reply by Rozzy on December 10, 2010 at 11:27

Thank you for the advice Tom, Looking forward to receiving your email...

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