ET Rover Update!!!!!
Landmen representing Et Rover are now currently starting negotiations, At least where i'm at in Wv. I just recently met with my landman and received their first offer. They are leasing by the acre, not the foot, and it was a total slap in the face. (I did the math on what it worked out by the foot <10$ a foot) This number did not include the damages for timber etc. though. Not that I was suprised being a ferc line and all. I guess I will see what will come out of the negotiations.
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Replies to This Discussion
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Permalink Reply by Dexter Green on -
By the acre? Clever.
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Permalink Reply by Zack Jameson on -
As I've said before, see how they operate when they have FERC on their side. I'll just ride it through and keep refusing. I have nothing to lose and I'll resist until the end. What happened to the $100+ dollars per foot that others said they are going to get?
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Permalink Reply by brandon on
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I knew when he said it was going to be an initial offer it would be extremely low. Lets face it, if they offer me $9 a foot and I negotiate it up to 25$ a foot, I should feel good about it at least they want me to feel good about it. However $25 a foot is still too low. I forgot to mention that my landman told me with ET Rover there is a $5000 reimbursement for anyone taking their lease to a lawyer. Im not sure what their angle is here. It is not written in the agreement either. nor is there other paperwork for that agreement.
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Permalink Reply by jerry lee nichols on
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I am only good with this if there is no eminent domain. People have to have the right to say no if that is their choice.
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