Replies to This Discussion

Permalink Reply by ogmladvisor on February 15, 2009 at 14:54

In other words, some landmen may not understand geology but they do understand greed, dishonesty, and dissemination of misinformation.

What a tasteless and rude comment. Adam and I have done nothing but talk truth and reality in this thread...the problem is that the truth hurts, and none of the landowners want to hear it. Your comment tells us not to take it personal, then insults the ethics of people we work with on a daily basis.

I am sure you would like it if someone were able to give you a heads up when a landman with less than noble intentions was going to contact you...so you could be prepared. Just the same, it would be nice for someone on my side of the business to be made aware of what kind of person you are, with your preconceived notions and holier than thou attitude...so that we could make the wise choice to avoid dealing with your kind altogether.

It's people like you...not landmen...that give landmen a bad name.

ogmladvisor

Permalink Reply by ogmladvisor on February 15, 2009 at 15:17

King John:

No need to declare anything, you would just need to find someone to drill a "lease well" on your tract. For a horizontal drainhole well, this is possible...and within the bounds of the RR Commission Rules...but not very likely, due to tract size. No matter how this tract sets up, the between well spacing and length of horizontal lateral would not fit into the criteria we use (or other companies in the area), which is 1000'-1200' between wells and 5,000'-6,000' laterals. Using these numbers, we would need between 115 and 165 acres for one well. This is the reason I told Laurie that I could fit one nice big horizontal well on her 163 acres.

However, if you could talk someone into drilling vertical wells, you could put two of them on your 80 acres...and once again, no need to declare anything; they would just be lease wells. And assuming you own a full interest in those 80 acres of minerals, you would enjoy a full 25% of the production from those wells...not too bad if they are good producers. You are welcome to PM me if you have any more questions, I will do my best to help.

ogmladvisor

Permalink Reply by ogmladvisor on February 15, 2009 at 16:02

So now I am a bad person because I don't enough "profile points". Wow, it just gets better and better here. And I never offered to lease anyone's minerals here, but I did mention what companies in the area are offering currently. I can't help it if you choose not to believe me, or think my intentions are bad, or apparently if it makes you very, very angry.

When you say "knock him over the head", I assume you mean King John. Why don't we ask King John for his opinion: King John - was my post an honest attempt at answering the 80 acre unit question you asked, or was it a bull##** scare tactic that graysands thinks it was? Your response would be appreciated.

ogmladvisor

Permalink Reply by ogmladvisor on February 15, 2009 at 16:28

I fail to see how the number of profile points I have accumulated correlates to the level of my integrity. I also don't take it very lightly when someone accuses me of being dishonest. Do you think you could back that up with some specific examples?

Any of the landowners that have seen me post here before, and whom I have helped and answered questions for, feel free to back me up here.

Permalink Reply by ogmladvisor on February 15, 2009 at 16:55

No sir, I did not get your point at all.

I am asking you once again to back up your accusations of my dishonesty with real examples. Avoiding and ducking my simple request again by wanting to "meet me", or pehaps more name calling, will show everyone here what they need to know about me, and about you as well.

ogmladvisor

Permalink Reply by king john on February 15, 2009 at 20:55

since you asked my opinion ogmladvisor, i think you and adam should crawl back under the rocks from which you came from.

Permalink Reply by ogmladvisor on February 16, 2009 at 2:31

Then I'm sorry I offered my honest opinion to you on your 80 acre unit, guess I should have known better. Don't ask for my input ever again, because you won't get it.

Permalink Reply by ogmladvisor on February 15, 2009 at 19:17

Hey Graysands, I found this on another GHS board...I am posting this so everyone here gets a look at your reputation elswhere. And ironically enough, I find lots of people referring to posts you made on other discussion boards, but no posts...they have all been removed:

Reply by Spring Branch,mineral owner on December 26, 2008 at 3:23pm
A typical graysands post.....most helpful to all who read it. Let me see.... in reviewing your brilliant posts on this thread, I've been called a "crackhead", "smart ass", "asshole", "scum sucking bottom feeder", "jerk".........did I leave anything out graysands? I'm sure other readers of this discussion are mesmorized by your brilliance. From start to finish, exactly what have you added to this discussion which might be helpful to anyone other than your psychiatrist?

Permalink Reply by edukador on February 16, 2009 at 6:07

It's people like you...not landmen...that give landmen a bad name.


Here's what I actually witnessed. Landman comes a knockin' a few years ago and says, "there's nothin' down there but I will give you a hundred an acre for it". It ends up being $150 for three years with a two year option. Since then, another company has bought the 2 year option and their landman says, "It's down there and we want to drill on your property".

What would you conclude about the first landman if you were the landowner?

Maybe it's a preconceived notion, but it's based on what I personally witnessed. When I wrote not to take it personally, I meant it because I didn't want to throw all landmen into one category. But for you to say this doesn't happen won't wash because, for better or worse, it does.

Permalink Reply by Craig Cooper on February 16, 2009 at 6:48

I don't want nor intend to perpetuate this flame, but I would like to provide one possible alternative view of the situation you describe above. I don't know how long 'a few years ago' is but if you meant more than 5 years ago then it is honestly possible that both landmen were correct.

Shales, like the Haynesville, have only recently been considered a legitimate reservoir. So it could be that prior to the recent Haynesville discoveries, prevailing industry wisdom for the area encompassing your land was that "there's nothin' down there....". Now that companies have shown it is in fact possible to economically drill & complete wells in shales, specifically here the Haynesville, a landman today would probably have good reason to tell you that "it's down there and we want to drill on your property".

It doesn't necessarily mean that the first landman was deceptive or dishonest.

If gas prices remain low or go lower for an extended period of time due to decreased demand/increased supplies you probably won't have as many landman coming around.

Permalink Reply by ogmladvisor on February 16, 2009 at 7:24

edukador:

I can see your point. I am just tired of being labeled greedy and dishonest for merely existing in my profession. After a while, it grows pretty tiresome, especially if you at least believe that you are one of the good guys.

Permalink Reply by edukador on February 17, 2009 at 5:39

I totallly understand and I can relate to where you are coming from. I'm in the education field and I have to put up with a lot of preconceived notions and negative comments about what is happening in today's schools. I'm in the same boat as you in that I believe that I am making a difference and one of the good guys. To borrow a phrase, "I feel your pain".

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