Chesapeak and Shelby County

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Permalink Reply by student on August 21, 2008 at 4:52pm

The offer is better than my 3500 at three years and no option.

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Permalink Reply by Dorcheated A1 on August 21, 2008 at 8:31pm

Jim is right, if you don't need the money it would be worth the wait.

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Permalink Reply by Mark Smith on August 25, 2008 at 7:58am

Alot of assumptions being thrown around in the previous postings. Consider that there are NO producing Haynesville wells in Shelby County at this point. Don't know what a Haynesville well will do in Shelby County let alone know the location of the "sweet spots" as there always is in this kind of play. Future looks good for alot of good Haynesville wells but, at this point the certainty is a ways off. Not trying to encourage or discourge any leaseing activity here...just trying to keep us all engaged with the reality portion of this business

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Permalink Reply by PBOL Charmine on August 25, 2008 at 6:17pm

I do understand, as I feel you are absolutely right...until proven it is all speculation. I keep wavering back and forth from I want the going rate, to am I being greedy, to it could theoretically be yanked away at anytime. So glad I got plenty of other business to keep me occupied by dealing with the here and now reality of things.

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Permalink Reply by Gone Fishin on August 26, 2008 at 4:54pm

since you are still posting I am assuming you turned cpk offer down? BTW which company is the leasing agent for them in our area.

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Permalink Reply by PBOL Charmine on August 26, 2008 at 8:57pm

Yes, not ready to play with CPK yet. I'm thinking that EOG will possibly be making us an offer, and that thought is that they will start at above $8000. Hopefully I will have a better idea tomorrow. I believe the message says J Mark Smith and Associates on the machine. The number Gerry Edins has been calling from is 936-598-2063- he is the landman representing cpk that has been calling me.

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Permalink Reply by Gone Fishin on August 27, 2008 at 8:39am

Good luck. Hope cpk or eog make you a great offer.

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Permalink Reply by Gungagalonga on August 27, 2008 at 8:43pm

PBOL,

I finally gave in at 8,000/acre with CHK. My thoughts were to take a darn good bird in the hand and get the clock ticking as soon as I could on the extension option. With as many locations as they have and the scarcity of rigs, it will be a miracle if they drill me in 2 years, 11 months and 2 days.

But who's counting...

Best of luck

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Permalink Reply by shelbyco on August 27, 2008 at 8:59pm

Do you mind sharing which survey you are in, or at least the general area?

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Permalink Reply by PBOL Charmine on August 27, 2008 at 9:20pm

It's good to hear from you. I agree with you...it's quite tempting. What did they give you on the option? I'm glad that you found your sweet spot. I had heard that $8000 was paid, and now I consider it verified. CHK has said that if we took the last offer that it would be the highest paid in Shelby. My magic number is not far from 8, and I am not willing to settle for under that- unless I feel that they have been totolly honest and willing to work with me reasonably. CHK hasn't been bad to deal with for my limited knowledge. I want the going rate though...don't tell me you can't pay the going rate, but pay someone higher when we have been offered for what I think is a decent amount of acres.

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Permalink Reply by Gone Fishin on August 28, 2008 at 7:39am

Congrats on your lease. Dont worry too much about the drilling. when they drill you'll be getting another check too. you win either way. can I ask a couple of questions. where are yall or which survey are yall in?
and what % royalty did you get . what are they paying for the option?

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Permalink Reply by Tom Johnson on September 13, 2008 at 2:07pm

Our interest is in the Ashabranner survey A4, N. of shelbyville, E. of rt.7, right next to Campti, we last had an offer in July for $4k/25%, also interest from PHK, but no new counteroffer, have an atty. contacting CHK, supposedly they are still working on a bunch of small parcels. Is your interest near Campti, Sardis, Center,etc.,would appreciate where you are located, think we would lease if we could get what u rec'd., not bad at all, thanks!!

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