Comment

Comment by Bob Jenness on May 8, 2013 at 8:22am

Sam, and all landowner group representatives,

As you would probably expect by now, I have some real issues with those who would tell me that as a Landowner in the USA, I have no right to an EXPECTATION of fair and honest business dealing from any and all American Corporations. I'm preparing a deeper post on this subject and will add it to the GMS “FAIR lease” thread in the near future. Please surf on over there and have a look...

Comment by j. rick on May 6, 2013 at 2:56pm

thankyou the two of us. dont know if i can make it for 430 will see

Comment by the two of us on May 6, 2013 at 1:49pm

430-700pm. At Hempfield fire station. Greenville

Comment by j. rick on May 6, 2013 at 1:40pm

can someone tell me what time and the location of the shell meeting? the one in greenville. thanks and i will post what was said . thanks

Comment by sldouglass on May 6, 2013 at 11:46am

I suggest that "sticking it to the gas companies", let's be satisfied with "fair and honest business dealings" are not useful phrases.
Even those who have been at this stuff for years have difficulty keeping up with the sophistication of the producers who are familiar with all the sticking tricks after years of experience. I think the producers and their landmen are honest, with rare exceptions - but do not expect the whole truth. They will let you believe what you want to believe.
Producers are not bad or good.
Corporations are in business to make money, as much as possible for the owners. Landmen are recognized for their ability to bring in deals at the lowest possible price and on the best terms possible. Initial offers are made on the lowest terms that find acceptance by landowners. Then the landman goes away and leaves the landowner hanging - until s/he comes back in a later wave and offers more.
IT IS NOT ABOUT FAIR DEALS. EACH PARTY TO THE NEGOTIATION IS TRYING TO GET THE BEST DEAL THOUGHT TO BE POSSIBLE UNDER THE CIRCUMSTANCES.
Sooner or later the producers will want and NEED the properties. Can landowners wait?

Comment by Bob Jenness on May 6, 2013 at 5:57am

Wayne,

Thanks for the post.  All of us who can't be there full time really appreciate such information sharing.  And as Mark says, we'll REALLY appreciate a meeting summary post.  Thanks in advance...

Now, as to "sticking it to the gas companies", let's be satisfied with fair and honest business dealings (Oh, that might actually be sticking it to some gas companies, and especially middlemen, to have to do fair and honest business:-).  Let's all hang in there til we see a fair offer.

Comment by sldouglass on May 6, 2013 at 5:53am

Know that determination of O&G reserves is a matter of some complexity as identified in material promoting a seminar on the subject- not for amateurs.
x
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Shah Kabir, Global Reservoir Engineering Advisor, Hess Corporation
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Comment by markkot on May 6, 2013 at 2:54am

I hope someone goes to the Hempfield FD on Wed to the meeting, then posts what Shell proposes for Mercer & Crawford.  It would be a nice update for those of us unable to attend.  thanks....

 

Comment by james on May 6, 2013 at 2:35am

He holds an ace in his hand right now, Shell paid Vista for almost 300 acres of his that is worthless unless they give him something in return,(some kind of bonus, bigger royalties) the only other thing Shell could do is drill a well on him that he kept the entire unit for, they cant tie any other property into the unit because of his clause. I hope he doesnt sign unless he gets something, its about time someone stuck it to the gas companies for a change.

Comment by james on May 6, 2013 at 2:29am

Berk, he has almost 300 acres, he is held by production from Vista wells, he has a no unitising clause in his vista lease, they were begging him to sign off on that, he pretty much told them to stick it up their @@@, they told him he wouldnt get a well if he didnt sign, he told them its dead to them to, they agreed. The Shell rep was going to see if they could work out a solution.

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