O&G Landman knocking on my door for 'lease' - Page 4 - TigerDroppings.com

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Breesus
New Orleans Saints Fan
House of the Rising Sun
Member since Jan 2010
24557 posts

re: O&G Landman knocking on my door for 'lease'


quote:

Except for boosie, junky, and me


mine were correct also



This post was edited on 1/16 at 5:43 pm


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GaryMyMan
USA Fan
Lower Garden District
Member since May 2007
10565 posts

re: O&G Landman knocking on my door for 'lease'


Give me a cushy in house job so I can stop dropping leases in this guy's mailbox.





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ForeverLSU02
Penn Fan
Albany
Member since Jun 2007
27329 posts

re: O&G Landman knocking on my door for 'lease'


I know of a certain landowner who turned down $30k/acre and 25% for his 1200+ acres b/c he was a greedy SOB at the peak of the Haynesville leasing. The best thing he was offered after that was $5k/acre







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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
91510 posts
 Online 

re: O&G Landman knocking on my door for 'lease'


quote:

If they don't drill your section in the primary term then 100% of the minerals will return to you


100% of the mineral rights never leaves the lessor. Only the right to explore, develop, extract, process, and market the minerals is transferred by an OGML. Transfer of mineral rights is a whole separate thing.






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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
91510 posts
 Online 

re: O&G Landman knocking on my door for 'lease'


Once I get my cushy in house job, I'll keep you in mind





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Pectus
New Orleans Saints Fan
Internet
Member since Apr 2010
44562 posts

re: O&G Landman knocking on my door for 'lease'


DRILL BABY DRILL





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thedogman
New Orleans Saints Fan
Member since Dec 2008
1475 posts

re: O&G Landman knocking on my door for 'lease'


quote:

100% of the mineral rights never leaves the lessor. Only the right to explore, develop, extract, process, and market the minerals is transferred by an OGML. Transfer of mineral rights is a whole separate thing


I worded my statement poorly.

Your rights to lease your minerals to another company or produce them yourself return to the mineral owner.






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777Tiger
LSU Fan
Member since Mar 2011
10347 posts

re: O&G Landman knocking on my door for 'lease'


quote:

certain landowner who turned down $30k/acre and 25% f

I know a guy in Grand Cane that did something similar.






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ForeverLSU02
Penn Fan
Albany
Member since Jun 2007
27329 posts

re: O&G Landman knocking on my door for 'lease'


How do you turn down $36 million before royalty?





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thedogman
New Orleans Saints Fan
Member since Dec 2008
1475 posts

re: O&G Landman knocking on my door for 'lease'


quote:

How do you turn down $36 million before royalty?


Greed.

You would be floored at how much of this went on in 2008.






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777Tiger
LSU Fan
Member since Mar 2011
10347 posts

re: O&G Landman knocking on my door for 'lease'


quote:

How do you turn down $36 million before royalty?

In the case of the Grand Cane guy, it was a matter of already being pretty wealthy, and very hard headed. He already made his $ in another field, and had 4 producing oil wells on his property. Still dumb.






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thedogman
New Orleans Saints Fan
Member since Dec 2008
1475 posts

re: O&G Landman knocking on my door for 'lease'


quote:

Once I get my cushy in house job, I'll keep you in mind


Throw me in their too please our company just shut down.






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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
91510 posts
 Online 

re: O&G Landman knocking on my door for 'lease'


Damn that sucks. We just fired a shite ton of people.





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ForeverLSU02
Penn Fan
Albany
Member since Jun 2007
27329 posts

re: O&G Landman knocking on my door for 'lease'


quote:

it was a matter of already being pretty wealthy
That's the only thing I could think of






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CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
34485 posts

re: O&G Landman knocking on my door for 'lease'


quote:

I own a city lot, which is about 0.2 acres. I am not going to strike it rich with oil and/or gas.


then quit being a pussy and sign the lease. It's free fricking money.


you small lot owners who act like you're important are the people I despise the most

look who is a landman.






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boosiebadazz
Member since Feb 2008
45284 posts

re: O&G Landman knocking on my door for 'lease'


the industry is trimming some fat right now







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thedogman
New Orleans Saints Fan
Member since Dec 2008
1475 posts

re: O&G Landman knocking on my door for 'lease'


quote:

Damn that sucks. We just fired a shite ton of people


Where are you located??

I'm in Shreveport






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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
91510 posts
 Online 

re: O&G Landman knocking on my door for 'lease'


I thought you knew that, fricker


boosie, we hire and fire 50 or so people at a time all the time






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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
91510 posts
 Online 

re: O&G Landman knocking on my door for 'lease'


Same





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redstick13
Wofford Fan
Western Colorado
Member since Feb 2007
22195 posts

re: O&G Landman knocking on my door for 'lease'


quote:

the industry is trimming some fat right now



Big time. It is why I am having to go work out in California starting tomorrow. All the natural gas plays are on hold and will be for the near future until our retarded government starts using it.






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