Replies to This Discussion

Permalink Reply by BirdDawg, plain ole' idiot on March 11, 2009 at 16:10

Jay M.,
If you haven't seen much on that it is because you haven't been on this site very long.
And I think that gas or oil have very real value before it is reduced to posession. Otherwise people would just give you their leases and you could just pay them what you wanted to, when you wanted to.
Believe it or not Jay, oil and gas in the ground had value before you entered the picture. I know this is hard to realize, but the O&G business existed for quite a while before you took it over.

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Permalink Reply by Snake Stewart on February 27, 2009 at 15:05

The question isnt........... silly, if you believe its fair to blame all those chickens for the demise of Pilgrims Pride.

Were the O&G's doing anything for l/m owners when they bellied up ?
Or was it something else altogether ?

I think its also important to remember that the going rate back then was $15 an acre and 1/16 th. Sounds much more like too much J.R.Ewing lifestyle and stupid business decissions then anything else. Having the visionary skills of a blind wombat is no reason to cast blame towards the mineral owner. They gambled and lost. Happens quite frequently in the Shreveport / Bossier area every day.

I am assuming that mineral owner greed is to blame for the current troubles of said " 'bout to go under O&G companies". Thus , the reason behind this hideous comparison you make. If that were so, which of course it isnt, you assume incorrectly that it is a huge concern, to anyone outside of your industry, whether or not three more O&G's go out of business when compared to the thousands of other companies that are also under the gun.

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Oil & Gas ProPermalink Reply by Jay Murrell on February 27, 2009 at 16:27

Snake:

I have seen so many (very well considered) mathematical augments posited as justification for five figure lease bonuses, but the best you can do in dissecting the proposition of risk is what you've posted above?

It that it?

Best,

Jay

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Oil & Gas ProPermalink Reply by Jay Murrell on February 27, 2009 at 16:40

Good point, however, I posit that the possibility of getting stuck in a $12M HA lateral is much more worth the risk at $9 Mcf than $4.

It has happened.

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Permalink Reply by Snake Stewart on March 2, 2009 at 14:24

Mr. Murrell,

??????????????

My response had absolutely nothing to do with signing a 5 figure lease bonus. I have explained the facts on several different places on GHS. I would explain it to you tonight but I have an important meeting with my "hottie wife". We are watching taped episodes of NCSI.

Besides, you are one of those low ball flunkies that arent allowed at my table. For business purposes anyway.

P.S. It doesnt matter what you think its worth. It matters what I know its worth.

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Permalink Reply by Snake Stewart on March 2, 2009 at 14:24

Hey Mr. Murrell,
What do I know ? I am a future parasite. :-)

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Oil & Gas ProPermalink Reply by Jay Murrell on February 27, 2009 at 14:34

no insult intended, but concern noted and I will adjust accordingly...:-)

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Permalink Reply by Snake Stewart on February 27, 2009 at 13:11

This will be easy. Just a few questions of my own to set the boundries.

How many O&G's have gone bankrupt ?

How many lottery winners end up busted and broke shortly after their big payday ?

How many O&G's that went bankrupt , resurfaced with a clean slate under a new name to try it one more time ?

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landownerPermalink Reply by Margaret Wren on February 27, 2009 at 13:29

I signed a lease in 1999, I haven't gone bankrupt......yet.

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Oil & Gas ProPermalink Reply by Two Dogs, Pirate on February 27, 2009 at 15:00

There are far more Lessors that have gone bankrupt than Lessees that have gone bankrupt, simply because there are more lessors than lessees. I feel sorry for anyone that has to go bankrupt, but I still remember my dads advice, "Don't deal with people that have gone bankrupt".

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Oil & Gas ProPermalink Reply by Jay Murrell on February 27, 2009 at 16:55

KB:

I believe it is the case that failure to pay royalties after demand is grouds for termination of a lease, even if the owner of the lease has filed for bankruptcy protection.

Jay

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landownerPermalink Reply by SueBaby on February 28, 2009 at 2:43

If you have been VERY careful WHO you sign a lease with, Can you keep them from selling it to another company ???? .

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