Replies to This Discussion

Permalink Reply by Snake Stewart on August 16, 2008 at 5:57

I would tend to believe that someone was telling a lie. Either the landman or the company. Either way it wouldn't be good for the mineral owner.

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Permalink Reply by po boy on August 16, 2008 at 11:14

Did your neighbor recieve an actual offer or a "bulk mail" inguiry?

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Permalink Reply by po boy on August 16, 2008 at 15:29

AWFULLY QUIET!

Any current offers working, signed or pending? Anyone?

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Permalink Reply by Har C2 on August 16, 2008 at 15:36

I guess patience is the key. I think I might hibernate for a while. That seems to be what the O/G are doing.

O/G probably assessing what they have and they have to do to drill the acreage they have already leased. They will take another bite of the apple but it may be a wait.

I can wait because I have to.

If you look at the history of the Barnett this same thing has happened before. The Haynesville has its boundaries and those boundaries will be expanded as time goes by. I BELIEVE!!!!!

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Permalink Reply by mike wilson on August 17, 2008 at 6:24

You do not have to look far to see what is happening in my opinion. Natural gas is trading below $8.00/MCF and the Barnett Shale is shallower and less costly to drill and complete. Natural gas has dropped over 45% I think in a short period of time. The companies like Chesapeake and Petroquest and the rest had a brief shinning moment to cash out big time....Natural gas at almost and all time high, price of oil running through the roof with no end in sight; these companies ran the price of leases sky high on a few acres to try to flush a deal with a major oil company out....Now the majors if interested are sitting back licking their chops waiting for someone to cry uncle and the first one that does could possibly get really hurt. Only time will tell that is why everything is a risk....a risk to sign a lease.////a risk to not sign....Good luck to us all...

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Permalink Reply by P.G. on August 17, 2008 at 6:59

The big players were like lions who ran in to run the jackals off the kill. Now that they have likely accomplished that, they can sit down and enjoy their meal in peace, right?

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Permalink Reply by Landowner on August 17, 2008 at 8:44

I do not believe that the o/g companies only have 6 month windows. They have enough property to now trade among each other and start their drilling. They will need more property at a later time. You just have to wait for them to start their leasing again.

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Permalink Reply by Don S Martin B1and Cb1 on August 17, 2008 at 17:45

Someone called me about land in Harrison County, TX last Friday. My land in TX is already leased (3 years ago + 2 more). He called back a couple minutes later and ask if I knew of any unleased land in Harrison County.
He was looking for CHK (and mentioned $8-10K).

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Permalink Reply by Alexy McGill on August 18, 2008 at 6:09

Can you provide me with the info for contact? I have unleased property in Harrison County and would be open to possible leasing.

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Permalink Reply by Don S Martin B1and Cb1 on August 19, 2008 at 5:40

Alexy, send me an email. DMartin315@sbcglobal.net

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Permalink Reply by Ran Ran on August 17, 2008 at 10:27

Thought we had a deal with CHK, but when agent came out, found out we only had half a deal. They wanted to wait on the rest, Very disappointed in company. Agent said everyone wants to lease with CHK. Feel like CHK is feeling a little too big headed, and they lost a lot of their credibility with me.

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Permalink Reply by ETOilman on August 17, 2008 at 10:35

Well on the bright side, maybe the other half will be worth more in the future.

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