Friday, August 8, 2008

Beware the Landmen

As we move closer to sending our lease out for bids, don't be surprised if you're contacted by a landman.

They may tell you that, " it's your last chance before they pull out of the area", or, "gas companies won't sign with groups", or, "the amount of bonus money is going to go down soon".

Don't believe it. It's a 'last ditch effort' to 'pick off' as many of our members as possible. And they're still only offering as low as $700 per acre if they think that you can be fooled.

The landmen working this area have not given us reason to believe them in the past. And there's no reason to believe that they'll give us the best deal now. But most importantly, you do not want to sign one of their gas company leases that could take control of your land for the rest of your life.

No comments: