Replies to This Discussion

Permalink Reply by Paul Peterson on September 12, 2013 at 10:33

Thats ok and I can understand I had to listen a couple of times to make sure of what he was saying. Like I said I am just glad they have plans to finish the well, this is the well the rumors are flying around about, maybe they will tell exactly what is going on at some point. AMA, I just signed a new lease in this area last week so to me that is a big positive and tells me swn is here for a while.

Permalink Reply by tony allen on September 12, 2013 at 11:03

Paul, I understand if you don't want to disclose this information but if you can give any, that would be great. There are many people coming up for renewal and any info would help with their decision. Lessee, location, primary term, options, RI or bonus.  Again, if you are uncomfortable disclosing any this, I understand. 

Permalink Reply by AMA on September 12, 2013 at 13:54

I love positive information!  Wouldn't renewal terms already be lined out in the previous lease contract?

Permalink Reply by Land Rat on September 12, 2013 at 14:11

I'm sure they aren't going to exercise those options when the market price is much lower.

Permalink Reply by ddozier on September 12, 2013 at 14:40

Then they won't be getting mine again. I'll go unleashed and wait for the 100 percent drilling cost recovery after which I'll own the entire percentage.

Permalink Reply by Land Rat on September 12, 2013 at 14:46

@ddozier they asking for it? I don't think they're going to carry anyone from what I've heard.

Permalink Reply by obed w odom on September 12, 2013 at 15:18

I heard Whiting say yesterday that the current price of oil is around $107 per barrel. I don't think this is much if any lower than it has been before.

Permalink Reply by Land Rat on September 12, 2013 at 15:22

Allow me to clarify....market rate for bonus.

Permalink Reply by GoshDarn on September 12, 2013 at 15:28

Land Rat:

Forgive me -- 'cause I'm sorta coming late to some of this leasing stuff in certain locations, although I, in fact, do know the truth as to what a certain landowner inked on a certain lease a number of months back in the BDLS.

Anyway, Land Rat, what's the going bonus rate for what operator in regards to the context of your post and what's the going royalty?

Permalink Reply by Land Rat on September 12, 2013 at 15:48

Less than the options SWN purchased with their original leases. Not implying naiveté...and one's experience will vary based on the usual factors (size, location, urgency, etc).

Permalink Reply by Land Rat on September 12, 2013 at 15:55

I'd say the renegotiation process is just getting going...geographically selective based on what has been learned thus far.

Permalink Reply by Paul Peterson on September 13, 2013 at 2:28

Tony I had posted in lease renewal options. My original lease was 3/4 300/250 it expired in august. I was contacted Sep 3rd about renegotiating, the new lease was 4/3 200/200. I accepted the offer, I know of two large land owners that expired at the same time as mine, I know swn let these expire also and is trying tor release them under lower terms. I am in sec12-22n r2w in union parish.

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