Pa's Marcellous is much thicker and more productive than what we have so it is worth a lot more and can't be compared. Chesapeak offered me 500 an acre in 2008, but that really does not represent the market now. I was ready to take it, but they couldn't deliver. I don't know what other property owners around us are doing, it takes more than mine or your acreage to drill a well. I have been careful over the years and kept control of my deep rights, but many owners have not and it must be really hard to put together a drilling tract. B
I will check with Viking and Chesapeak. Chesapeak started to make me an offer about 3 years ago, (they had named a figure), but they got in financial trouble the next month and never got back in touch. I guess we will see. Have you heard any current offer prices?
Thanks Martha. Yes, I am interested also. I have 540 acres between upper and lower cabin run's off the Cisco road. I haven't been paying attention the last couple of years and it seems things are picking up. Hopefully it will last long enough for us to get some wells. Bruce
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]