Hobbs, the page was not "removed". When discussions rotate off the Main Page they go to the site archive. Many newbies, and some members who have been around a while, have no idea that with few exceptions all the GHS discussions are preserved in the archive. In order to search the archive, click on "View All" at the bottom of the discussions listed on the Main Page. Then enter a key word or phrase in the search box and click on the magnifying glass.
If you do a search you will find other discussions touching on Cobra and similar companies and how they do business. It does not hurt however to remind members from time to time. The best advice is simply to throw offers like this in the trash can.
I think that them, or one of their partners were actually taken to court in Arkansas, I am not sure of the outcome, but I know it got very heated.
DO, at one time there was interest from the local television media to do a report on Cobra as a way to warn mineral owners in the Haynesville Play. I worked with one reporter to find a Cobra victim that would agree to be interviewed. We were unsuccessful. In frustration I searched all my parish clerk remote accounts and thankfully found very few mineral deeds in Cobra's name. Nonetheless, I would gladly help anyone who wished to expose their tactics. I wonder if the Arkansas suite might be sufficient basis for a local news report. If you can remember or run down any specifics I'll follow up.
I know that the people that I was dealing with at the time were in the Arkoma Basin in the Massard Field and Aetna field areas. It was not in the Fayetteville. Unfortunately that was with my previous company and I don't remember the S-T-R specifics but it was in the Fort Smith area.
One of Southwest/Cobra's ploys in Louisiana is to obtain mailing lists attached to Conservation Commission required notices of hearings. They are aware that, at the time of the notices, many operators are producing or close to producing new wells, but have the money in suspense pending completion of title opinions and the approval of the unit. Southwest/Cobra attempts to obtain your minerals before you find out that you have money coming your way. If you are interested in their offer, I suggest you first contact your operator/lessee and ask them if they have any money in suspense, and production about to commence, or any upcoming plans to add value to your leasehold. With that information, you can make a more informed decision.
In the cases I described above, they probably have accidentally paid some people more than their minerals are worth, but by far, they do not pay fair value due to deception by withholding information.
Hobbs is right . However, offer made--offer rejected.
Hobbs is right. However, offer made---offer rejected--end of story.
HOBBS is right. However, offer made--offer rejected--end of story. It is called business! Read twice, and comprehend,--- and make choice. Called private enterprise!