Replies to This Discussion

Permalink Reply by jb379 on January 20, 2012 at 3:34am

Matt,

 

That sounds rather uneventful...for what it is worth, I'd be very leary of anyone that won't reveal contract terms when asked.  Good luck.

 

JB

Permalink Reply by matthew h mcsparren on January 20, 2012 at 1:00pm

I'm not intersted in Chaffery, Just passing along info. I do belive their are some good offers in Venango county. Thank's anyway.

Permalink Reply by Terry M. Schmader on January 19, 2012 at 9:17am

We didn't receive anything, but will report if we do.

Permalink Reply by Dan Netzer on February 6, 2012 at 9:31am

I returned their letter with my information on 1/6 but haven't heard anything yet.

Permalink Reply by owner on February 6, 2012 at 11:12am

I recieved a phone message from this group last week.   They left a message on my answereing machine saying they were intereseted in leasing some acreage I have in sandy creek.   I have not returned the call, but I probably will. 

Permalink Reply by sallyrachuba on February 8, 2012 at 4:43am

Just talked to a man from Caffey, and they are offering $2500 an acre and %15.

 

Permalink Reply by myles fetterhoff on February 8, 2012 at 5:38am

subsurface to center?  wetgas,  oil, and dry gas? What formation!

Permalink Reply by Schnoozie on February 8, 2012 at 6:33am

Really???

Yes some details please, their letters are all over Mercer now, some friends on Scrubgrass Road got one. A letter but not an written offer. Was the offer in writing??

Do tell!

Permalink Reply by sallyrachuba on February 8, 2012 at 7:05am

Our property is between Emlenton and Clintonville and the land man was in Franklin and was offering 2500 and %15.  I did not ask if this was for total Shale or Shallow gas.

Permalink Reply by Schnoozie on February 8, 2012 at 7:29am

Unbelieveable!!! thats pretty close.

Permalink Reply by owner on February 16, 2012 at 3:30am

Caffey Group called me again last week about leasing my sandy creek property.    This time I asked what their off was.   They said they are offering $2250/acre and 12 1/2% royalty.   At first they just offer a dollar amount, try to get you excited about a nice number!   They "said" that they are not leasing for any specific company. 

Permalink Reply by TAS on February 17, 2012 at 8:19am

The Caffey Group is offering $2500/acre @ 15% net. Firm offer, not willing to negotiate; however if you retain your mineral & O&G rights above the Utica, then the price goes down to $1000/acre @ 12.5%. I say a hold out for something better to come along. Let me know your thoughts.

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