Replies to This Discussion

Permalink Reply by John Clifford on September 15, 2009 at 9:16

Thanks for the information. Which Association are you referring to? Would you advise individual homeowners to contact Petro? I live in T17 R13 S19.

Permalink Reply by Doink on September 18, 2009 at 9:35

I have property in T17 R 14W (Dillingham Ave) and was contacted by Twin Cities about ten days ago. They offered $4000/acre for 20%, $3500 for 22.5%, and $3000 for 25%. I didn't learn many other particulars because I wasn't sure what to ask and they weren't volunteering much. I haven't responded. My homeowners' assn contact told me that Twin Cities and Petro (?) were picking off individuals and aren't bargaining collectively. I guess I will bide my time, although an infusion of cash would be nice at this point.

Permalink Reply by John Clifford on October 8, 2009 at 4:44

Thanks for the info. I'm on Time Place, and we have yet to hear from any company. I assume we are in the same homeowners association. The only one I've had contact with is the ShreveCenter Coalition, and they have not been very communicative. Is there another association that we should be working through?

Permalink Reply by Henry on September 18, 2009 at 10:32

Gee, let me understand this....
I could sign with a company that withholds info, backs out of agreements, goes around the homeowner coalition, and treats landowners like dirt. Or, I could lease with Petrohawk. Looks like a no brainer to me.

Permalink Reply by kittycatmama on September 22, 2009 at 12:16

Keith, what sec. t/r was this $7500 an ac offer made for in south Caddo

Permalink Reply by Susie on October 16, 2009 at 6:10

Keith,
What's "3/2/terms", please?

Permalink Reply by Skip Peel - Mineral Consultant on October 16, 2009 at 6:13

3 year lease term with a clause allowing for a 2 year extension based on a set per acre price.