Replies to This Discussion

Permalink Reply by Finnbear on September 23, 2013 at 8:52am

Hasn't Chesapeake leased about everything there is already?

Permalink Reply by Becky Kibler on September 23, 2013 at 1:13pm

Well they have not leased ours!  lol

Permalink Reply by Don C on September 23, 2013 at 10:31am

Check with attorney Ward, I had heard he may be starting another group   Jerry Ward out of Lisbon

Permalink Reply by Becky Kibler on September 23, 2013 at 1:13pm

I'm not sure I am allowed to contact an attorney.  We have signed an agreement with Krugliak and Wilkins (spell?) in Alliance.  But thanks for the info.  I might just call and ask if he can say yes or no on activity.

 

Permalink Reply by Inchworm antenna on September 23, 2013 at 3:26pm

Becky, if you signed an agreement, shouldn't that agency be making your contacts?

You signed an agreement: 

Does that mean your agency is marketing your minerals within a group to a lessor?  

Is the agency waiting for a lessor to contact you and then negotiate for you and capitalize?

Are you supposed to find a lessor and then let the agency know to negotiate for you?

Permalink Reply by Becky Kibler on October 2, 2013 at 5:43am

A lot of good questions......not sure if they are actually actively looking for companies to lease our land or not.  It is a big company, Krugliak & Wilkens, so you would think they would be aggressively trying to get their 4% commission.  But we have not heard a thing.  The neighbor north of us has 18 acres available to lease too.  The big farmer just south of us didn't get mineral rights when his dad bought the farm many many years ago. 

Guess I'll just keep checking online every couple weeks or so.

 

 

But thanks to all for great comments!

 

Permalink Reply by Inchworm antenna on October 3, 2013 at 4:13pm

Sometimes an oil and gas company can have your acreage "held by production", however in this case case it sounds like K&W has you "held by negotiation".