Re: A little oil lease follow up

Posted by Nick m on July 22, 2014 at 09:24:55 from (70.210.70.234):

In Reply to: A little oil lease follow up posted by rrlund on July 22, 2014 at 06:43:07:

Apparently you had another post I haven't read. There were two different companies a couple years ago running around here trying to get people to sign up. They got up to $100/acre. I think it was a 7 year term if I remember right. Had a percentage bonus in there too. The people trying to get people to sign up were the middle man. They'd get the lease, then sell it to someone else. They did end up putting up a well on the neighbors property. Looked like a big mess. Made a gravel road and a dirt wall all the way around it. Probably a couple acres worth. They didn't find what they thought was there so they abandoned ship. It was in the lease they had to put things back the way they were if they did that. They did and you can't even tell they were there. Haven't seen hide nor hair of them since.

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