Leasing

gabby · 2015-05-21T20:57:52Z

Yes our lease was sold to Devon, they did inform us they will not be renewing. This group from what I believe is basically trying to buy up some leases now I guess in hopes of being able to sell them when the releasing starts up again. Maybe I am misinformed but how I look at it is someone not involved in any of the production but trying to get a piece of the pie. I think this is what makes smaller properties harder to deal with and less attractive to the production companies to have to deal with all of this. Maybe I am wrong because I am not very educated when it comes to all the red tape that goes on. However, gonna follow my gut and say NO thank you. They try to make it sound like LEASE now or possibly not get picked up. I'll take my chances, it has been a blessing in my eyes we have such a small property, and there hasn't been any drilling so far near us. I hope this turns around for all of the workers that have lost their jobs more than anything. Thank you for the response Bigfoot :) I have heard that as well, that they aren't leasing right now...

Shales Eagle Ford Shale

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