Replies to This Discussion

Permalink Reply by Joe Aldridge on November 7, 2017 at 4:27

Hey Jay, You are 1000% correct. This guy wants a 5 year lease at 200 an acre paid up and an option for another 5 years. This at 20% royalty. Thanks for the heads up. We also have a group wanting a free lease for a year so they can market the area. All of this and a well right across the River at Goudau that is producing 1,000+ bbls per day. Thanks for the input.

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Permalink Reply by Joe Aldridge on November 7, 2017 at 4:57

I bet you do know the answer. Its Kirk. His guy says they have 90,000+ acres under contract and If I don't sign I'll get left out. Ha, Ha, Ha, LOL!!!! Thanks again Jay!!!!!!

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Permalink Reply by David Crockett on November 3, 2017 at 6:31

Nice. Hope you work out a good deal. Always great to have some leasing going on

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Permalink Reply by Joe Aldridge on November 7, 2017 at 4:30

David the deal has to be right. Can't sign something that would encumber the property for 10 years.

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Permalink Reply by Joe Aldridge on November 7, 2017 at 11:47

What royalty is EOG signing leases for?

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Permalink Reply by Joe Aldridge on November 7, 2017 at 20:03

Thanks Jay..........

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Permalink Reply by John Matherne on November 8, 2017 at 5:33

What do you get with free? never heard of that

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Permalink Reply by Joe Aldridge on November 8, 2017 at 10:15

Kirk is taking free 1 year leases on a representative basis. Similar to a real estate listing agreement. He susposally has 90,000+ acres under contract and will take it to one of the shows and market it as a block. And his guy that talked to me threatened me with the line that you don't sign with us you'll get left out. I did not appreciate that.

Kirk is the one that got on GHS during the hot TMS days and told the world that I have been a "pain in his ass for 25 years". He went on and on. I have never met the man and don't know why he feels so threatened by me. Needless to say I'm not signing with him.

Jay is right; the other guy that called is representing a speculator. He wants a 5 year lease at 20% and 200 an acre with a 5 year option. So he wants to lock up acreage for 10 years. I told him no thanks. He told me to call him if I changed my mind. I don't think that is going to happen......

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Permalink Reply by Snoopy on December 5, 2017 at 7:38

Following up on Joe's post, as we have just been contacted by one of the same land men speculating in the same general neighborhood SW of Zachary. Nice to see some action, so I'm reminded to follow things more closely. Wanted to bump this thread along to hear from others with insights.

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