We've arrived -- we finally got an official offer from Chesapeake Energy to lease our land for $2,550 - 2,750/acre, depending on the length of the lease.
We're not going to do it -- it's not worth the money to us -- but I can see why people who leased two years ago for $25 are pissed off. Someone told me that gas leases in Texas are up to $22,000/acre. That might almost get me interested, but . . . probably not.
Saturday, June 28, 2008
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