Replies to This Discussion

Permalink Reply by Two Dogs, Pirate on September 18, 2009 at 5:02

This just means that a unit is being formed. I think that the State of Louisiana could use better language in their notification process that would not alarm landowners with the term forced pooling.

Permalink Reply by NUDOG on September 18, 2009 at 5:16

THANKS TWO DOGS. SO YOU ARE SAYING THEY WILL BE COMING AROUND WITH AN OFFER TO LEASE.

Permalink Reply by Henry on September 18, 2009 at 6:30

NUDOG,
Chesapeake will probably find your friend soon. Tell him to start thinking, now, about what is important in a lease -- it's not just the money. There are other features, such as cost-free royalties, no surface ops, vertical pugh clause (reserve for yourself the undrilled gas both in the shallow and deep directions if you can), etc. And, make sure your friend knows that lease prices are going back up in this area. Don't let him rush in to a low ball offer.

Permalink Reply by waltcop on September 18, 2009 at 6:41

Henry,
In addition, you are not obligated to lease with Chesapeake, you can get other companies to give you a bid or even go unleased....isn't this correct?

Permalink Reply by Henry on September 18, 2009 at 9:16

Waltcop,
Absolutely. If someone else wants to lease NUDOG's friend, all the better. Competition!

And... my bad. I thought I read Chesapeake somewhere in this thread. I mis-read. So it may be Chesapeake or someone else. Read the pooling notice to see who is behind it. Oh, and now I read below, and see that it IS Chesapeake. What a lucky guess on my part.

Permalink Reply by Skip Peel - Mineral Consultant on September 18, 2009 at 6:39

NUDOG. This is likely a pre-conference notice letter. And I agree with Two Dogs and Henry. What would be of value for the members is the name of the O&G company forming this unit or units. And whether this letter covers any section or sections other than 29. If you could post a copy of the letter, that would be helpful. If not, please try to provide these two facts.

Permalink Reply by NUDOG on September 18, 2009 at 8:27

HOPE IT UPLOADS OK!!

Attachments:

• Chesapeake Haynesville Shale letter.pdf, 171 KB

Permalink Reply by ken hatcher on September 18, 2009 at 9:15

Thanks for this post. I own some land in 33..... so glad that corridor along hwy. 171 is getting some attention.

Permalink Reply by Skip Peel - Mineral Consultant on September 18, 2009 at 9:40

It uploaded just fine, NUDOG. Thank you.

Permalink Reply by ken hatcher on September 18, 2009 at 10:57

NUDOG< Looking at who is in that section, probably the majority of that section is already leased.

Permalink Reply by Two Dogs, Pirate on September 18, 2009 at 15:29

Yea, but what is a good lease and what is a bad lease?

Permalink Reply by ken hatcher on September 18, 2009 at 16:04

The point i was trying to make was cheasapeake or who ever won't have many people to deal with. In answer to your question a good lease is a good lease....a bad one probably occured before march 08 !

• ‹ Previous
• 1
• 2
• Next ›
• Page