re: Tuscaloosa Marine Shale

quote:

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Thanks for the heads up. I am going to hold out. I could use the moneys, but the way I look at it, it money I never had to loose in the first place. Everything around me is now leased. Last company that called wanted to put a well on my place. I will just wait and see.

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If they contact you again you could always ask for a drilling commitment and maybe take a slightly lower up front bonus. You can ask for anything you want and it will either be agreeable or not agreeable to whoever is making you offers whether it's an operating company or a broker. Depending on how much property you have you can either hold out and hope that the play turns into a commercial success or you lease and take the risk out of the equation. If the play works your property will be much more valuable. If it is not successful then you are back at square one. There aren't any guarantees in the oil and gas business. It appears that you at least understand your situation and how you stand in the play if it can become viable.