Thursday, August 7, 2008

Haynesville Shale Snake Oil Salesman

The theme of this week is Snake-Oil Salesman and making enemies.



There seems to be a consensus among those with whom I speak to that there are a lot of people asking you to pay them millions of dollars to not do much. I was at one of these meeting in Sabine parish near Toledo Bend last Wednesday. The gentleman got up and essentially said, “My uncle is an Oil and Gas Attorney and he’s got a mean lease” now give me millions. The guy was unprepared as was evident when the older, but well versed oil & gas crowd started firing questions at him that he wasn’t prepared to answer. After leaving the meeting with my brother-in-law, we discussed how it seemed that none of the middle men that we had heard to date were informative let alone worth the millions they want us to put in their lap. My question. Why use them?

Also interesting was an “exchange” I had while visiting the great town of Natchitoches this week. I was in local store and a woman came in and asked, “Whose GoHaynesvilleShale.com sign is that on the vehicle outside?” Of course, I proudly said, “mine, why?” The reply was downright cold as she walked past me without a response and certainly without the southern hospitality I have come to expect from this great state. The store clerk picking up on this said, “I don’t think she likes your sign….” I replied, “No, I don’t think she likes landowners communicating.” My hunch was confirmed when the clerk told me she did work for a seismic exploration company doing work in Natchitoches. Does this confirm a thought that I have had that the Oil & Gas Company’s (and their subsidiaries) do not like landowner’s communicating with each other?

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