Neighborhood Update 7/1/2008

Howdy Neighbors.  It’s been a while since we’ve posted any updates to our website.  The actual lease signings ended over a month ago, and everyone that signed should have received payment from Paloma.

Our next issue is to find out if an actual drill site has been located within our neighborhood.  A few of you have send us e-mails asking if we know the answer to this question.  As of now, the answer is no.  We’ve heard a few rumors about negotiations going on with a few property owners. 

We’ll try to get in touch with Paloma and get some answers for you.  As soon as we hear something firm, we’ll update the website and let you know.

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2 Responses

  1. Has anyone received any payments on the signing we did in April 08? Are we not suppose to receive the same amount again this April if we have not received any monthly payments since April 08?

  2. Debi,
    According to Tiffany Leschber at Chesapeake Energy, they have not yet selected a drillsite to access the minerals in our area. They are in the process of forming a unit to do just that. They say once they have determined the drillsite, they will let us know. I’ll make sure to update the site with info as soon as they pass it along to us.
    Thanks,
    Skeeter Murley

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