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Started By
Message
re: Tuscaloosa Marine Shale
Posted on 9/15/11 at 1:47 pm to tigerpawl
Posted on 9/15/11 at 1:47 pm to tigerpawl
quote:
tigerpawl
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.
Posted on 9/15/11 at 2:04 pm to fishfighter
quote:It's just a crap shoot either way, but I figure the more [current] knowledge you have, the more power it gives you. Who knows what lurks in the inner sanctum of the Oil Companies and Land Men? If my hunch is right, those new lease holders will flip those leases to the oil companies and make a quick, tidy profit. I think one thing to remember is this: it's not what it's worth to them, it's what it's worth to you at whatever your circumstances are at that point in time. C'est la vie...
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.
This post was edited on 9/15/11 at 2:05 pm
Posted on 9/15/11 at 2:10 pm to fishfighter
quote:
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.
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.
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