I leased my land last year to Halcon.  In todays mail I received a letter from Halcon saying they have assigned my lease to SWEPI-- a subsidiary of Shell.  Did everybody in our land group get switched or did they cherry pick again?  I was in the Mt. Jackson group that dropped half the people.  I live in Salem twp. and haven't noticed any activity around here.  Does anyone have any info to help me understand what's going on?  Any insite would be helpful.  Was this a good or bad thing for me?

Views: 2595

Reply to This

Replies to This Discussion

To help finance their enormous debt would be my guess.

That's certainly a plausible answer Marcus along with the issues related to old Vista leases picked up by Swepi.  Either of those answers is better than "the geology isn't good."  They had to have lost their behinds on the deal.  Those leases cost HK $3,850/acre and I sincerely doubt if Swepi paid them anywhere near that for them.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service