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re: Mississippi, Louisiana border verging on an oil boom
Posted on 4/22/14 at 8:24 am to ragincajun03
Posted on 4/22/14 at 8:24 am to ragincajun03
quote:Yep. Large land owner that we have worked for in the past turned down $30k/acre for a 1200 acre tract b/c he thought he could get more. They came back a few weeks later with another offer and the highest they would go was $8k/acre. How do you turn down $36 Million? And that's before royalties
If around '07 to just before the '08 meltdown, very likely true. Chesapeake ran the bidding on some tracts up as high as 30k per ac.
1
Posted on 4/22/14 at 8:30 am to ForeverLSU02
quote:
How do you turn down $36 Million?
OT Baller
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