Replies to This Discussion

Permalink Reply by Bobi Carr ("parker") on July 10, 2008 at 4:08

I don't think it is just the "greed" factor. I am one of the people who was paid $200. per acre to lease in the beginning. I was am not uneducated and a was advised by an attorney. I also consulted several friends in the OG industry. I feel a little "snookered". I believe you would too. But I hope anyone who is unleased will get the most possible for their property.

Permalink Reply by Bobi Carr ("parker") on July 10, 2008 at 4:16

I beleive that this is something that IS on the minds of alot of people who may end up with more money than they ever conceived possible in their life. People who are in this situation should start thinking about what they could do with this money to actually do some good. Most lottery winners are not very happy in the long run. Maybe its because all "things" have a very short lifespan for making us happy. If you think this discussion is inappropriate forward it to Haynesville and I will be glad to take it down. It is just something I have been pondering.

Permalink Reply by Bobi Carr ("parker") on July 10, 2008 at 4:51

Taylor,
Thank you.
I also think it will be fun to see what shows up on What "bad" will you do with your HS money? I'm sure there will be some funny posts on there.

Permalink Reply by Har C2 on July 10, 2008 at 16:48

bravo

Permalink Reply by Jack Blake on September 27, 2008 at 3:44

Don't be a hater wpt.

Permalink Reply by wpt9452 on July 10, 2008 at 4:30

I was also one of those that leased early, $275 an acre. Of course it bothered me at first but you can't worry about it now. I do think people should get a fair price for their mineral rights but at the same time we have to realize there has to be balance here. It seems that many people want to "out do" the last highest price and set a new record. I truly hope we all benefit from this Haynesville Shale and it changes our life in a positive way. If we become angry and paranoid then greed will set in soon after and some people will wish none of this ever happened. No, I don't want this post taken down, I just hoping people don't get their hopes up before the checks start coming in. It doesn't hurt to dream as long as we can keep everything in perspective.

Permalink Reply by Bobi Carr ("parker") on July 10, 2008 at 4:38

I agree. I try to not look back.
I have been told by many that the earliest leased property is where the OG wanted to be most. So hopefully that is true for both of us. I tried to get 25% instead of 22.5% and they turned me down. That has been the main thing that has bothered me with the leasing company.
Anyway, good luck to all. Shreveport-Bossier is definatly going to be a different place. No Shrevepatch here. A lot of money will get into our economy. We are lucky that most of the HS was not held by production.

Permalink Reply by GEORGE D BROCKNER on July 10, 2008 at 4:58

A wise friend once told me, the worst thing you can do to a child is to leave him money.

Permalink Reply by Bobi Carr ("parker") on July 10, 2008 at 5:02

This has been one of the things that has been on my mind as of late. I once read an interview with Bill Gates and he didn't plan on leaving much money to his children. Growing up poor has been one of the best blessings of my life. Of course, I had to get grown to appreciate it.

Permalink Reply by GEORGE D BROCKNER on July 10, 2008 at 5:31

Yeah, but to Bill Gates, what is much money? Not a penny over 100 million? My grandfather used to say, "I'd rather be a rich bastard than a poor bastard". I'd like to think though that I would be a generous bastard if I had money. The trick is not to die rich.

Permalink Reply by Jack Blake on September 27, 2008 at 3:47

I like your words of wisdom George.

Permalink Reply by herefordsnshale on July 10, 2008 at 8:17

Since all this started it has reminded me somewhat of the lignite craze in DeSoto Parish in the late 70's and early 80's. Dow Chemical came through and bought up around 5,000 acres of land, paying the people $4,000 an acre across the board. That was BIG money at the time, people became millionaires overnight. After about ten years a lot of the people who got the most money had already gone through it. A few took theirs and grew it and did really well. Dow never mined any lignite, the government dropped the lignite subsidies, making it unprofitable. Of course that didn't involve any royalties, it was a one time pay-out for a few people much different from the HS in that regard. Still it was an interesting lesson in how money can come and go.

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