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Author Topic: Chesapeake reduces offer  (Read 9925 times)

Fossil

  • Guest
Chesapeake reduces offer
« on: May 19, 2010, 08:06:50 PM »
http://newage-examiner.com/sections/news/archive/2010/05/19/mehoopany-signs-pact-with-chesapeake.aspx


The link is to a article which states that chesapeake has reduced it's offers from the 5750 to 3000.

770n

  • Posts: 359
Re: Chesapeake reduces offer
« Reply #1 on: May 20, 2010, 01:53:23 PM »
What does he mean that he doesn't know why Chesapeake lowered the money? It's to scare the last few unleased into signing a crappy lease.  Same old same old. They are still getting people to sign boilerplate leases, so they don't have to give up anything.   I may never sign a lease, however I will not sign a Chesapeake lease with no addenda for any amount of money. 

Dogbone

  • Posts: 1517
Re: Chesapeake reduces offer
« Reply #2 on: May 20, 2010, 03:18:09 PM »
Maybe it's because Chesapeake may have more leased land at present than they can hold by production for the foreseeable future.  So why pay the higher signing bonus for new leases.  Just guessing.  I don't really know the reason why.  Do you?

aubrey

  • Posts: 14053
  • NEWBIE
Re: Chesapeake reduces offer
« Reply #3 on: May 20, 2010, 03:29:53 PM »
i think its a combination of the other ideas expressed so far plus...a current lack of competition in leasing.

wj
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05561203

  • Guest
Re: Chesapeake reduces offer
« Reply #4 on: May 20, 2010, 07:04:23 PM »
Don't give up so easy. It took me 6 months of diferent, 42 of them to sign. Have faith brother!

aubrey

  • Posts: 14053
  • NEWBIE
Re: Chesapeake reduces offer
« Reply #5 on: May 20, 2010, 07:30:01 PM »
nah, it's too late, i missed the boat. :'(
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Garvin

  • Guest
Re: Chesapeake reduces offer
« Reply #6 on: May 20, 2010, 07:41:00 PM »
There is such a thing as holding out too long. These things turn around every 10-15 years or sooner though, you might get another shot.

Buddy Ebsen

  • Guest
Re: Chesapeake reduces offer
« Reply #7 on: May 20, 2010, 09:26:33 PM »


I'm afraid not!

Fossil

  • Guest
Re: Chesapeake reduces offer
« Reply #8 on: May 20, 2010, 10:53:14 PM »
It all just makes it easier to say NO.

Would most people go back and reuse the services of a business that treated the customer so bad? Chesapeake takes every chance they can to get one over on the landowners. Look at the BP oil pouring into OUR oceans. Look how BP is handling it. How will Chesapeake handle things when something goes wrong in our front yards?  If they'll screw you to make a deal, they'll screw you harder when the dung hits the fan.

I'm glad I didn't sign. A little money just isn't worth it.
 

« Last Edit: May 20, 2010, 10:54:55 PM by Fossil »

05561203

  • Guest
Re: Chesapeake reduces offer
« Reply #9 on: May 21, 2010, 04:05:28 AM »
We had a small land group formed to help us get our price. As time went on we found the smaller companies pull out. So you're right. You can let too much time pass. We hoped to get signed before things went south. I guess we got lucky.

aubrey

  • Posts: 14053
  • NEWBIE
Re: Chesapeake reduces offer
« Reply #10 on: May 21, 2010, 05:59:48 AM »
There is such a thing as holding out too long. These things turn around every 10-15 years or sooner though, you might get another shot.

well thanks young man, those words are a little comfort to an old coot like myself.

im not sure i have 10 or 15 yrs left, but if'n i dont, at least my kids might do alright from this gas business. i'd sure appreciate it if you could drop by and call on them when that ship comes back into port and help them to not make the same mistake i made.

by golly you tell them to sign and make it quick before it goes down again...ok?

wj
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Back40

  • Guest
Re: Chesapeake reduces offer
« Reply #11 on: May 21, 2010, 06:13:45 AM »
There is such a thing as holding out too long. These things turn around every 10-15 years or sooner though, you might get another shot.

well thanks young man, those words are a little comfort to an old coot like myself.

im not sure i have 10 or 15 yrs left, but if'n i dont, at least my kids might do alright from this gas business. i'd sure appreciate it if you could drop by and call on them when that ship comes back into port and help them to not make the same mistake i made.

by golly you tell them to sign and make it quick before it goes down again...ok?

wj

Two years ago there were good offers all around my area but by the time they were getting to me in fall 2008, the credit had dried up and the offers dried up too. I thought I missed it. A year later small offers started to pop up. Six months after that, I got an offer that was at least equal to the ones  I missed in 2008 so I think the cycle is more likely to be a year or two than 10 or 15 unless the companies believe the area has proved to be not a good gas area.

aubrey

  • Posts: 14053
  • NEWBIE
Re: Chesapeake reduces offer
« Reply #12 on: May 21, 2010, 06:17:42 AM »
i thought young mr garvin there is an oil man. he probably has info and insights about this sort of thing.

i dont see why he would mislead us, the industry is only here to help us afterall, right?

wj
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Back40

  • Guest
Re: Chesapeake reduces offer
« Reply #13 on: May 21, 2010, 06:45:41 AM »
i thought young mr garvin there is an oil man. he probably has info and insights about this sort of thing.

i dont see why he would mislead us, the industry is only here to help us afterall, right?

wj

 ;)

Wax

  • Posts: 6043
Re: Chesapeake reduces offer
« Reply #14 on: May 21, 2010, 07:08:08 AM »
There is such a thing as holding out too long. These things turn around every 10-15 years or sooner though, you might get another shot.

well thanks young man, those words are a little comfort to an old coot like myself.

im not sure i have 10 or 15 yrs left, but if'n i dont, at least my kids might do alright from this gas business. i'd sure appreciate it if you could drop by and call on them when that ship comes back into port and help them to not make the same mistake i made.

by golly you tell them to sign and make it quick before it goes down again...ok?

wj
From where I'm standing ! I love to trade places with you wj.
Wax

 


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