Our lease in Millwood twp. with Carizzo will be up soon & they want us to release for $300 less per acre & make payments over 5 yrs. What happens if they pull out before 5 yrs since they are not one the big players? Thinking about contacting Eclipse to see if they are interested & with a more promising offer & lease. Has anyone else done this ?
"Has anyone else been approached by Carizzo to renew their lease? We have, but they are offering $300 less per acre & want to pay over 5 yrs instead of up front. What happens if they pull out before 5 yrs? Thinking about calling Eclipse who seems…"
"Judging from my mothers lease, the bonus was paid in March of this year and the new leases are March of 2017. I think that Jennifer was talking about the company putting out advance feelers for yearly payments."
"They have placed the business with Morgan Stanley for possible sale, this by rumor of course. Think carefully before you extend on a five year term with annual payments. If they should become involved in bankruptcy you could be…"
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 ]