I have a question about Landmen......could one of you landmen perhaps be honest for a change and answer this also? Love to hear your input!
Is it typical for a landman to come out and express great interest in your property....drop off a crappy lease and then dissappear for weeks/months?
We had a guy stop by in the beginning of June....dropped of their "standard" lease, said he would happily come back when my husband was home and talk about addendums. After missing two appointments with us (the first he never called after, we called him to find out what happened)...he finally came and listened to our requests.....then he went away to add addendums to the lease (oh and we still had not discussed price)....over a month later, Rob called him and he said he had something for us, would stop by that afternoon.....he never did...then a few weeks later, Rob called the main office in Western PA and finally yesterday, he stopped at my door....quickly handed me a lease and said that although they did not want to pay the $3,000 an acre he promised us, they would honor it ... for the next week only! Then he rushed out the driveway....
Now, we had never discussed price...
we would have told him $3000 was not what we were looking for. And if they wanted this land...why do they then avoid us?
I'm curious....is this landmen strategy to see if we are desperate for the money?
Is this their way of low balling us to try and get in at 3 instead of 5?
We dont really know other people who have had to do dealings like this... a couple of our neighbors have taken $1500 recently...but they own under 50 acres and 1.5 acres. we have 120. It would be nice to talk to people who have approached the gas companies themselves and how the process worked for them.
© 2023 Created by Keith Mauck (Site Publisher). Powered by