Replies to This Discussion

Permalink Reply by Jane T on August 17, 2008 at 11:59

I guess we just have to go with our gut and hope for the best. A few prayers wont hurt either. I guess if its Gods will he will guide us to do the best thing for ourselves and our family.

landownerPermalink Reply by Bobi Carr ("parker") on August 18, 2008 at 14:01

Hi Jane,
Someone named "the brat" from Monroe posted the following on How much received and by whom discussion.

Have 160 ac in Sect 25 in Bossier Parish. Signed a deal with Petrohawk 2 weeks ago for 25k/ac for a two year lease

He stated that his property was in 25-17N-11W. That is just 3 miles from you.

Good Luck. Don't decide too soon.

landownerPermalink Reply by Bobi Carr ("parker") on August 17, 2008 at 18:51

Pal,

Not just someone. Jay the geologist on this board is the one who said 30/30.

He is someone worth listening to.

Permalink Reply by pal on August 20, 2008 at 16:39

Jane,
Have you leased? I have been talking to chk, havnen't been able to get above 20/25. for 3year, 2 year option. They offerd to pay 22,500 for a five year.

Oil & Gas ProPermalink Reply by Dion Warr, CPL on August 21, 2008 at 9:07

Jane:

I hear what Pal is saying, but based upon experience, going above the 25% barrier is unpalatable to most lessee/operators. Going to 30% would at best bring on a furious case of indigestion, if not cause them to walk away entirely.

Have you poked around the other lease terms, yet?

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