Friends - after many years of being unleased, I received a lease offer last week for our modest 30 acres in north Cherokee, J. Hamilton survey A-23. A little research on your site and Tx RRC has uncovered some activity in the area and what appears to be impressive results about 1 mile away with 07331537 Wilkinson McElroy - (same operator). Any thoughts on what the counter offer should be? Offer was $200/acre 3/16 3 year + 2 year option. Or should I just hold out? This was my dad's favorite place...just want to do right by him as best as possible. Many thanks.
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Did the offer come in the mail or by phone or personal contact?
In the next survey over, A recently completed well came in "Race Horse" style.
See G-1 and G-5 attached hereto.
11 million cubic feet per day and 500 barrels+ of condensate.
That's a ridiculously low offer, suggesting bad faith.
Tell them to have their Dad call with real money.
Here is the RRC map viewer link:http://wwwgisp.rrc.texas.gov/GISViewer2/
Good luck.
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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