Did anyone else receive a letter from Caffey Group?

Hello folks,

I just got a letter from Caffey Group in Ft. Worth, TX, asking if we are interested in leasing our land in Sandycreek Township. A quick Google search shows news of a lawsuit against them in TX. Anyone know anything about them or anyone else been contacted by them? The letter references the Utica.

Thanks

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Replies to This Discussion

Permalink Reply by Alex Howes on February 21, 2012 at 6:08am

My thoughts are, this is the worst offer in the history of oil and gas (very slight exaggeration). Specifically, the royalty insult. 

Permalink Reply by matthew h mcsparren on February 21, 2012 at 11:33pm

what was the offer?

Permalink Reply by TAS on February 22, 2012 at 1:25am

Matt did you end up signing with them?

Permalink Reply by matthew h mcsparren on February 22, 2012 at 5:41am

No, We did sign, but not with Caffery. Think our contract was more landowner freindly then Cafferys

Permalink Reply by TAS on February 22, 2012 at 5:45am

If you are able to say w/ whom that would be great. We are weighing our offers and any guidance would be appreciated.

 

Permalink Reply by owner on February 16, 2012 at 5:29am

I specifically asked him who they were leasing for, and he told me no specific company, but it was a short phone call.   Maybe face to face, other information would have been said.   I also asked him if they acutally do the drilling, he said it depends but they do have drilling rigs.    

Permalink Reply by Tina B on March 4, 2012 at 9:06am

Things I've heard about Caffey are the same as everyone else posted. Caffey is mysterious and seems like a flipper. There is a group forming for Venango County, the link for the meetings is here:

http://www.washingtonpalawyer.com/Venango_County_Group.html

The attorneys did the Mt. Jackson Group lease with Hilcorp that covered parts of Lawrence and Mercer Counties.

Permalink Reply by matthew h mcsparren on March 4, 2012 at 12:53pm

Tina: Can you give us what the terms of the Hilcorp contract for Venango county are?

Permalink Reply by ShaleAdvice (Steven C. Townsend) on March 4, 2012 at 2:25pm

Please give us the entire lease...it shouldn't be a secret.  I heard that many of those leases were not going to be paid. 

Permalink Reply by Jim Litwinowicz on March 4, 2012 at 3:50pm

What leases will not be paid?

Permalink Reply by Lisa S. on March 5, 2012 at 2:37am

Do you mean you heard the Caffey leases won't be paid or the leases done by lawyers from Washington Co.?

BTW, when we did not answer Caffey's calls, they mailed us a lease to look over. Not interested.

The Washington group, though, seemed very informed and did outline what seemed like a favorable goal.

Curious what others have heard/know about them? Or other landowner groups?

Permalink Reply by Jim Litwinowicz on March 5, 2012 at 4:36am

Hilcorp will pay all signed leases.

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