Got a Letter From Caffey.

I got a letter from Caffey Group yesterday. They want to talk about leasing my land. No offer, just cantact by mail. Has anyone had any dealings with them?

 

http://www.caffeygroup.com/

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Permalink Reply by CL on January 31, 2012 at 5:29am

Does your group include landowners with existing wells

Permalink Reply by Elnathan Cory on February 1, 2012 at 4:44am

Yes.

Permalink Reply by CL on February 1, 2012 at 5:44am

I talked with Caffey and they said they were not interested in any existing leases that had wording such as all sub surface strata.  Also said they were aquiring land for "Halcon"

Permalink Reply by Jim Litwinowicz on February 1, 2012 at 5:50am

did a search for Halcon oil and got a company near London England!

Permalink Reply by Finnbear on February 1, 2012 at 5:53am

An existing lease with that wording would hold everything and would be "off-the-market" unless they could negotiate a deal with the leaseholder/lessee. The landowner/lessor wouldn't be a part of that equation.

Permalink Reply by eric jenson on February 1, 2012 at 6:15am

I would stay clear of Caffey Group!  They just flip land.   Shell will be back by spring with Chevron not far behind.  This whole process is going to take time. (3to5yr) Dont get in a hurry!!!

Permalink Reply by Michael Walentosky on February 2, 2012 at 2:17pm

totally agree

 

Permalink Reply by Jim Litwinowicz on February 2, 2012 at 3:33pm

Other players are moving in soon so be patient.

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