Leasing negotiation ends due to pricing issues.

Just had a lease negotiation end due to pricing issues.  Anyone else? 

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Permalink Reply by Terrance Livingston on January 12, 2015 at 2:04pm

Antero just sent me lease negotiation suspension letters a few days ago in Washington County, PA. I guess we'll just have to wait and see what develops in the future.   

Permalink Reply by D L T on January 12, 2015 at 4:35pm

Maybe they are hoping you will call them and settle for less money.  Why would they waste any ones time and send a "negotiation suspension" letter?  That shows how unprofessional they are.  I look for them to turn the wolves loose again, when prices go up and try to lowball mineral owners.   

Permalink Reply by Chris on January 20, 2015 at 6:29am

Its so you don't take you offer letter to court and claim you had a deal and they owe you the money.

Permalink Reply by Pontoon on January 16, 2015 at 7:50am

I do not think Antero is unprofessional because they sent notice of negotiation suspension, on the contrary,

very professional.  That notified that their last offer was no longer on the table.

Permalink Reply by Janice L. Hancharick on January 18, 2015 at 6:47am

Yes, it can be construed that offers rescinded (suspended) and made public is a sign of professionalism, but I also think it's part of a mind game.  It's happening throughout PA whether called a suspension or being rescinded, the end result is landowners are scoring zero.  Then human nature leads them to think "Darn, I should have signed the first deal offered!"  Follow that with "Well may-be my resource holdings aren't as wonderful as I thought.  When and if those fellows return I'm going to jump on that first deal and at least have something!"  

Pipeline expansion is still going gung-ho along w/other infrastructure projects ... even up into NY state which hasn't allowed Marcellus and Utica development to begin!  This is all a dog & pony show that's gone global and it's not ending any time soon, even in the 4-County area along the PA/NY border.

Permalink Reply by Chris on January 20, 2015 at 6:30am

Flip side of this I recall when the Haynesville play was hot and leasing went to $5,000 an acre and people still held out, then the bottom fell out and leasing amounts went to $500/acre. They did recover some from there but never back up to what they were in the rush. 

Permalink Reply by Trapper on January 19, 2015 at 4:21am
Appears obvious , to me at least , that the "landman" lost his hunger when your mother referred him to you.....The prey turned out to be not such an easy mark after all. Be glad this wolf left your door.
Permalink Reply by Dan Warner on January 19, 2015 at 4:43am

I agree.  

Interestingly, this event repeated itself just a few days ago, putting to rest my theory of budget constraints.  

This is clear evidence to me that my mother is being 'handled'.  It is eerie to think that we, as landowners, are being profiled by what can only be described as headhunters.

I'm wondering now if the O&G's, or their minion-like landmen actually stoop to using private investigators.

Permalink Reply by Trapper on January 19, 2015 at 4:56am
In past posts here on GMS I have heard tell of O&G's setting up straw companies to bilk folks out of their mineral rights. I believe CK has this reputation.
Permalink Reply by D L T on January 19, 2015 at 5:08am

They will only use the courthouse records and then make your life not so nice if you have a piece of property they need.  They are very intent on keeping you guessing. The laws of Wv. seem to think they are allowed to threaten you by using the U.S. Mail and go across state lines to do so. They use codes to twist and search for codes that will allow them to obtain your mineral property regardless of how you see it.  Oh, did I mention they will lie to get what they want.  There are several lawsuits against these companies for surface damage but, I only wish there more options for suits or charges of misconduct pertaining to mineral property.  The bottom line is you can negotiate the best terms possible and then that's it.  If you ask for more changes than non assuming owners signed for, then you are unreasonable.  If you wait long enough and try to negotiate for better terms you will eventually get a summons for a partition suit.  Then you can either get an attorney and go to court or sign.  If you win against the partition suit then what?  Then it's back to square one and you still will not get much in terms.  Why?? because of all those people who gave them all and asked for nothing when they signed a lease.  Got our summons last week!!

Permalink Reply by Janice L. Hancharick on January 19, 2015 at 5:14am

They don't need to hire investigators.  Many land agents are folks who need jobs, and grew up in the area they're working.  Their contacts are people they've known for years. When in rural areas there is a sense of trust that "others" aren't out to get you.  It's not about intellect when bad deals are struck.  It's a matter of "not understanding" and trust.  It began a decade ago when Marcellus and Utica hit the radar of O&G companies.  The biggest landowners in my area were/are often elderly and they are targeted the most.

Global companies play hardball wherever there's $$$ to be made.  They also provide lots of jobs, support research innovations, and need the support of many service industries.  We have what they need.  They just don't want to deal on a level playing field, hence the existence landowner groups ... a strength in numbers approach before deals are struck.

I expect even Groups get profiled.  So does the quality of our resources.

Permalink Reply by Dan Warner on January 19, 2015 at 6:21am

I don't know.

Maybe it's just the paranoia creeping in, but my mother moved 50 miles, and two counties away away, 30 years ago, and remarried, changing her name.  She was willed this interest from outside the family, by someone who didn't know that he owned it himself.  

To me it seems more like a detective at work than a good ol' boy.

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