Replies to This Discussion

Permalink Reply by Dave on September 11, 2012 at 3:53am

no problem.  Tho it apparently means more waiting and wondering. 

Permalink Reply by Amanda on September 11, 2012 at 10:58am

Any information is better than none when you're waiting.  :-)  Communication is the best way to keep anxiety down. 

Permalink Reply by C Middleton on September 11, 2012 at 12:26pm

My next door neighbors got their check today...yay them!!! :)

Permalink Reply by Mike on September 11, 2012 at 12:42pm

Checks are showing up , be patient,this is the real deal. I know three friends that have got checks in the last week with more than 10 acres. congrats to all involved!!!

Permalink Reply by Kevin Rishaw on September 12, 2012 at 6:04pm

As much as I usually don't see eye to eye with fang, I must say the way alov played off the "all or nothing" pitch wasn't right. Alov said they would not allow a company to cherry pic leases. I feel the bp deal may have been to a disadvantage to those with "prime" acreage. All bp has to do is sighn everyone for the comprimised price and not pay the land they don't want. Lease says if bonus is not payed by the due date the lease is void. Does not state any ramifications for this action or if it has to be with reason.

Hope I'm wrong but it would be legal and smart of them to do.

Permalink Reply by Dan on September 13, 2012 at 8:04am

The only way BP gets out of paying is if the parcel has a defective title. That agreement keeps them from Cherry picking.

Permalink Reply by Craig Stull on September 13, 2012 at 9:13am

Dan, You are right on this!! ALOV (Trumbull group) lawyer Alan Wrengler backed this up in a statement in this months issue of the SHALE SHEET!!! Some of the the landowners  that signed a lease with shale investments fund l.l.c.(HALCON) will be disappointed. 

Permalink Reply by Dan on September 13, 2012 at 12:15pm

I don't need to re-read the lease , they have a separate agreement signed by BP to that affect.

Permalink Reply by Dan on September 13, 2012 at 10:51pm

Wrong as usual...

Permalink Reply by 0i7okn54zwbdo on September 13, 2012 at 4:32pm

This is tricky.  Group deals represented by lawyers usually need an "all or nothing' approach, because the attorney is repping everyone, not individuals.

Permalink Reply by tomvargo706 on September 14, 2012 at 4:09am

Anyone heard of someone that got paid that signed in May? Thanks...

Still waiting here.........

Permalink Reply by Nash Smith on September 14, 2012 at 1:53pm

Yes I do, as I signed up the first day available, and a friend of mine has received their check a few days ago..

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