No more leasing for Shell currently.

Just got word that Shell is not leasing anymore currently at the moment.   Word is they will be back leasing at some point but currently out of money no more budgeted etc.... Now a bunch of land owners are left with signed leases that are not being paid/honored.  Just another example of corporations doing what they see fit promising people one thing and doing another.  Just goes to show the contracts everyone sign mean nothing other than locking you in if they choose to do so.  So basically if you have a lease with Shell and have not been paid you are not going to get paid at least at this point. 

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Permalink Reply by Lance Nimmo on October 25, 2012 at 9:27am

IC, that sucks. I think it should become common place for people to laugh at "options to lease." WTF is that?

Permalink Reply by mike on October 25, 2012 at 9:36am

So I signed 09/28/2012 with Shell. Southern Lawrence County Pa. What do you think is going to happen ?

Permalink Reply by Lance Nimmo on October 25, 2012 at 10:03am

Like I said, I have heard of noone getting stiffed in Lawrence County. You need to call Long Consulting in Olean, NY. They are the leasing company for Shell. I would contact them at least once a month to get updates on profress. After their abstracting is done, they'll ship it to Shell for payment. When that happens, direct your calls to Shell Appalacia (spelling). I called them twice a week once they had the paperwork from Long Consulting.

Permalink Reply by Jim Litwinowicz on October 25, 2012 at 10:11am

You are near the Patterson well, which should be very good for you. BUT....I wouldn't spend a single penny until the cash is in your account 'cause ya just never know.

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