You can check they're website out under Knapp Aquisitions. Anyways, I think they are expecting bids to start coming in mid September and the landowners will be paid at the end of the year. Right now that is all I heard of and I am trying to follow it closely as well. I think it will be interesting to see how this pans out. I hope for the best.
I was one of the individuals who passed on this project and am wondering if I made a mistake. On the site you suggested there are updates, but none as of late. Where did you get your information? I would like to keep an eye on this to see if it pans out or if it was all a bunch of hype like many other projects that came through the area. Thanks.
I know what you mean about the site not being updated recently. I got tired of waiting for the updates, so I just sent them an email and that is the response I got. I am anxious as well to see how this goes. Keep me posted if you heard anything else new.
I heard on the street that they arent getting much interest because the acreage is so scattered. I think its difficult to get a "new" player interested because of the depressed price of NG and the ones already here really dont need additional acreage. I think its best to keep the landowner groups small and somewhat contiguous.
With all due respect....all of this "on the street" stuff is getting old unless sources get sighted. If your "on the street" info turns out to be accurate, I will owe you an apology.
I can't agree more. The word on the street is affected by the big O&G companies, as well as people who want to "talk trash" about those same companies. It is nice to share info from all kinds of people in this play, but the only true "word" will be spoken when the facts come in. I guess we will just have to wait and see how this one pans out.
I hope it works out for the good of all the Pennsylvanians involved in this sale and makes them all BIG money. I like to see our own people getting rich instead of all these other foreign oil countries.
Sounds like things are happening according to Mr. Knapp. It seems you have a problem with the "flipping" concept. I don't mind as long as a company is up front with their intentions. After all, I understand being part of a large flip is how most of the high dollar figures are obtained (like it or not). I understand a company not wanting to pay a lot for a small tract like mine, however, if it takes being part of a large "flip" to get that top dollar, so be it (as long as I can live with the lease terms and the company's coat tails I jump on is reasonable in their cut). I guess since I took a pass on this particular project, you don't need to feel sorry for me.
Any news or anything on the MDS Lease Sale? Still waiting here..... I know they have until Dec., but I would really really like to hear something soon. Even if it is that they achieved the minimal bid amount and the landowners will all be paid, or something of the sorts.