Replies to This Discussion

Permalink Reply by Coonman on April 29, 2009 at 2:09

What about 40 and 100 acers?

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Permalink Reply by Ronald F. Adams on April 28, 2009 at 20:17

On page 14 of last weeks copy of Financial Times, April 24, 2009 there is an article talking about Aubrey McClendon losing all his shares of Chesapeake because of a margin call he couldn't meet. His board of Directors voted to pay him a bonus of $110,000,000.00 as a reward for him selling huge chunks of Chesapeake Leases to BP and other companies. This apparently violated a few laws in the UK, he is being sued. The SEC and the IRS are also interested in these activities as violations of law protecting Chesapeake Share Holders. Boards of Directors are supposed to be independent protectors of shareholders interest. This doesn't appear to be the case with Chesapeake. They may end up being bankrupt. Sounds like Mr. McClendon is not the sharpest tack in the box when it comes to manipulating stock. This may cut down on competition for leases in the near future.

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Permalink Reply by Babs Lloyd on April 29, 2009 at 7:18

Sorry the days of $20,000/ acre bonuses are GONE.
The city meetings about bonuses really hurt some. They were told not to take your 1st offer and now there is hardly any leases taken at all.
Biggest players-
Petrohawk- No leases, no bonuses
Chesapeake- Few lease, biggest bonus paid mow is $1000-$1500
Prices may have change but not much.

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Permalink Reply by Bobi Carr ("parker") on April 29, 2009 at 7:26

Babs,

Sorry, but we don't expect a landman (woman) to say anything different.

I'm sure that there is much valuable information that you are capable of sharing, but the amount of acceptable lease bonus isn't something that I'm going to pay much attention to when it's coming out of the mouth of a landman.

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Permalink Reply by The_Baron on April 29, 2009 at 9:36

Why don't you enlighten us to real lease activity Jay.

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Permalink Reply by Cathaus on April 29, 2009 at 9:12

I hear blah, blah, blah, blah Babs!

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Permalink Reply by Cathaus on April 29, 2009 at 12:17

I get a chuckle out of saying her name. I took the stripper name challenge and that was the name that I was assigned!

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Permalink Reply by Skip Peel - Mineral Consultant on April 29, 2009 at 12:21

KB. Now don't write Bads off so quickly. We all come here to learn. If she hangs around and pays attention long enough, she may go back to her bosses and say "fogettaboutit, the members of GHS are too informed to pull the wool over their eyes. If we expect to do business with any of them, we better find another approach". Reality takes awhile to set in. That may sound a little unrealistic but I do not think Babs and the rest of the industry are dummies. I just think they are in denial that the world has changed in regard to their dealings with mineral owners in the HS. And that old ploys no longer work to the extent that they have in the past. Cue Jack Blake. And thank Keith.

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Permalink Reply by lanadan Ds3 on April 29, 2009 at 20:42

Skip,

" . . . And the old PLOYS no longer work to the extent that they have in the past . . . "

Don't you mean LIES instead of "ploys"?

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Permalink Reply by r.w. on April 30, 2009 at 6:27

we leased 81 acres to petrohawk a few weeks ago with 5000 per acre lease bonus

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Permalink Reply by Skip Peel - Mineral Consultant on April 30, 2009 at 6:46

Thanks, rw. I hope you get some good wells.

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Permalink Reply by Kenya Simonton on April 30, 2009 at 7:26

kb ? i have 20acres down there in 20/16n 15w all ready 1 well there rec papers on a second to be placed there soon and should produce better will i rec good money from this?

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