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Natural Gas Wells Info.
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<blockquote data-quote="backhoeboogie" data-source="post: 606798" data-attributes="member: 3162"><p>Forget that 12.5%. Get 25% or tell them to get off of your land. Go ahead and ask for atleast $5K an acre chum money too. They call it "bonus money" but it is chum money. They will raise the chum money and try to get you to sign for a lower royalty. Don't fall for it. </p><p></p><p>Most everyone now calls it mail box money now Hoss. Checks from Sunoco, RidgeRock, Chesapeake, Quick Silver, XTO, Carrizo, Berkshire etc. Some are piddly and some are way up there. </p><p></p><p>I thought the Barnette Shale was great until I found out about the Haynesville. That is better than winning the lotto. </p><p></p><p>$400 per well per month is nothing to get excited about. $1200 per acre per month when gas was high. </p><p></p><p>There are lots of fools who couldn't wait to sell the family farm who are crying in their beer right now.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 606798, member: 3162"] Forget that 12.5%. Get 25% or tell them to get off of your land. Go ahead and ask for atleast $5K an acre chum money too. They call it "bonus money" but it is chum money. They will raise the chum money and try to get you to sign for a lower royalty. Don't fall for it. Most everyone now calls it mail box money now Hoss. Checks from Sunoco, RidgeRock, Chesapeake, Quick Silver, XTO, Carrizo, Berkshire etc. Some are piddly and some are way up there. I thought the Barnette Shale was great until I found out about the Haynesville. That is better than winning the lotto. $400 per well per month is nothing to get excited about. $1200 per acre per month when gas was high. There are lots of fools who couldn't wait to sell the family farm who are crying in their beer right now. [/QUOTE]
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