Petrohawk says the 2008 Land Grab is over!
I was at a lunchen today with a speech given by a VP from Petrohawk. It was an infomative talk about the HA. He did say that the Hawk and CHK are partnering up on some wells, and are trying to work together instead of creating competion in the leasing game.
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Replies to This Discussion
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Permalink Reply by The_Baron on
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I don't feel that the fact you will receive 100% of your pro-rata share of the wells profit constitutes sidesteping you.
Having a unit formed that excluded your land altogether would be sidestepping.
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Permalink Reply by The_Baron on
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Is this really any different than Wal-mart setting the maximum price they will pay for a jar of pickles?
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Permalink Reply by Sue on -
The Baron,
This girl does not want that jar of pickles let alone what it is sitting on! The O&G wants whats under my land! LOL
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Permalink Reply by P.G. on
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Walmart can get away with doing that so long as pickle growers keep selling pickles to them, right?
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Permalink Reply by BirdDawg, plain ole' idiot on
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Aren't we comparing pickles to oranges here?
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Permalink Reply by The_Baron on
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The Ha is dry gas, so unless they find another formation to produce from......
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Permalink Reply by P.G. on
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What mineral owners have right now is something that's not really needed yet. Big OGs are speculating there will be a need. But even they have limits on what they will risk
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Another thought! If all the money the major OGs have paid for leases were divided into the acreage they hold, how much per acre do they have invested? Let's count too how much money they got flipping some of those acres or part interest in to the huge players.
Probably haven't paid all that much on average, considering they got a lot of land for a couple of hundred dollars, huh?
Sounds like they have enough acreage to keep them busy for quite awhile considering the market they have for the NG as well.
I believe mineral owners won't see anything big go on until a significant market opens up for NG so I doubt if the drillers will crawl out on the limb any further for the time being. What the drillers can do now is simply take advantage of those mineral owners who are hungry. They couldn't afford to pass up deals like that, right?
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Permalink Reply by The_Baron on
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Both CHK and HK have said that they have enough acreage to keep them busy for some time. I don't know about Encana. I would imagine most leaseing wouuld be by new comapnies trying get in, but with the inflated lease prices, lack of pipeline capacity, and the economy imploding, the pool of interested companies is likly to be small.
I would imagine the lease market for those in the hot spots would still be good. Not as good as this summer, but historically at high bonuses.
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