Replies to This Discussion

Permalink Reply by Bryan Wilson on January 12, 2013 at 12:55am

They are actually going door to door around my house...or so I've been told....but, my lease was still denied along with about 15 others.

Permalink Reply by JohnL on January 12, 2013 at 3:28am

Found this on the M&P MtJackson4 web page:

UPDATE MEETING FOR GROUP MEMBERS!

Wednesday, JANUARY 23rd, 2013
7:00 PM
Grove City High School Auditorium

Permalink Reply by Brett Allen Morgan on January 12, 2013 at 10:07am

Hi Bryan,

Am I to understand that you have been denied TWICE now??

Permalink Reply by Brett Allen Morgan on January 23, 2013 at 4:28pm

 As I understand it, Halcon has officially pulled the plug on funding the remaining Mt Jackson4 leases. This was announced by CX?M&P tonight at the meeting in Grove City

Permalink Reply by John on January 28, 2013 at 11:52pm

We live in Hempfield twp and received our check for15 acres on Fri 1/25/13. Had just about given up hope and on 1/21 got an email from CX sayin we were on a list of 100 people still to be paid by the end of Jan. Through this whole process I think CX and M&P did a very poor job of communicating with land owners, considering the amount of money they made on the deal. Good luck to those who got left out, I think there will still be opportunities in Mercer county and you now have this experience to work off of in future dealings.

Permalink Reply by ShaleAdvice (Steven C. Townsend) on January 29, 2013 at 3:17am

Did you know that M&P is being sued in Allegheny County?  Take a look at the public filing.

Attachments:

• M&P Lawsuit.pdf, 4.9 MB

Permalink Reply by Samuel J. Orr on January 29, 2013 at 4:34am

Doesn't sound too good!

 

Permalink Reply by Brett Allen Morgan on January 29, 2013 at 4:53am

From what I have read in this lawsuit so far seems to reinforce some suspicions I had. Their are behaviors of MP emerging here that are a bit disheartening.

Permalink Reply by JREwing on January 29, 2013 at 8:47am

This lawsuit doesn't surprise me at all.  It sounds like once M&P hooked up with CX, they found that CX was better positioned to further their own desires and aspirations than Terra was.  CX's grass was greener and they dropped Terra and it's real or perceived shortcomings for the newer, shinier model.  lol  It'll be interesting to see how this plays out in court.

Permalink Reply by jb379 on January 29, 2013 at 6:09am

Ouch...."help us help you"....this is scary stuff especially when the masses do tend to find comfort in joining large groups.  Thanks but no thanks, I'll cut my own deal and pat that guy in the mirror on the back if he does well and give him a kick in the pants if he screws up. 

Permalink Reply by James Brink, Esq. on January 29, 2013 at 1:39pm

Unfortunately, that is exactly what happens, jb379. The problem is that your "mistake" will affect your family for years to come. I know this because I get calls every day from folks who want redemption from their sin of signing a bad lease. Seriously give some thought to consulting with a professional first. And I agree with you that it should not be done in a landowner group context.

Permalink Reply by jb379 on January 30, 2013 at 2:43am

I am not against consulting with attornies for advice prior to signing, in fact I am on board with it.  What I am very suspicious of is joining groups in which those behind them have great gains at the end of the rainbow.  Sure everyone wants paid for their "efforts" and yes I get that gains can be made by being part of a much larger acreage package than small tracts separately.  However, I have read numerous Co-Exprise type contracts which exist for marketing purposes and there was no way I would ever agree to such terms.  My serious concern is over what lies within the fine print in addition to what appears to go on behind closed doors (such concerns as mentioned in the recent allegations brought up earlier in this thread), not the up front terms which appear to be reasonable.  Of course this is all just my opinion, everyone can decide for themselves what is a good deal or not.

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