Currently Chesapeake has drilling rights on my property. Can I find out if they are planning to drill on my property? Also, I have received an offer to buy my mineral rights and would like to know what would be a good price per net acre if I want to sell.
Whoa there! Shouldn't you be thinking that maybe you just might have something that someone else wants?
If Chesapeake has drilling rights on your property, that means that a lease has been signed, and all you have to do is wait for them to drill, and, hopefully, start receiving periodic royalty payments.
Are you in a bind? Do you need quick money for emergencies? If not, why sell something that doesn't cost you anything to keep? You don't have to feed it, water it, or send it to college.
Good luck,
Pat
Pat,
I'm with you.
Clint Liles
Ms. Pat Malone said:
Whoa there! Shouldn't you be thinking that maybe you just might have something that someone else wants?
If Chesapeake has drilling rights on your property, that means that a lease has been signed, and all you have to do is wait for them to drill, and, hopefully, start receiving periodic royalty payments.
Are you in a bind? Do you need quick money for emergencies? If not, why sell something that doesn't cost you anything to keep? You don't have to feed it, water it, or send it to college.
Good luck,
Pat
I am no expert but Chesapeake had a video made by some news team about how they were drilling in the DFW area and after wells were producing they did not let the mineral rights owners know. They owed one lady 387,000 dollars and she had no idea the well was even complete...
We have 160 acres in Beckham CO, spanning two sections in T9N R22W. We signed a lowball lease in OCT 2014 for 80 acres, a hole was drilled in March 2015 and we were told it looked like a viable hole and they were moving forward to complete. A month and a half ago when checking in with the land man we were told that the exploration company had tried two attempts to complete and said both were to tight. During that discussion we told that they would make a third attempt with in the next two weeks. Also during the discussion the land man mentioned that they were interested in leasing the remaining 80 acres at the same very low ball lease. We've not received and lease offers yet and upon speaking with the land man last week he said that the exploration company has asked him to not divulge any more information with the mineral holders, leaving us to feel left in the dark. I'm just guessing but my thoughts are that they don't want a competitor to swoop in on their find and get the other adjasent 80 acres. Has anyone experienced this? Any knowledge or experiences would be appreciated.
mike
Companies keep that information very confidential for obvious reasons. If the other acreage is nearby, it’s a gamble but you might hold out. If they have a good well, the market will reflect.