You know, we continue to run across references that claim Cherokee Horn leasing agents work for another company, so we thought that we would set the record straight. The leasing agents for Cherokee Horn work for Cherokee Horn.
In every instance, we determine the geology and viability of an area, check historical title claims, lease the drill sites for Cherokee Horn and then lease residential and commercial tracks in the areas near our drill sites. The money invested in these operations is our money. Our founding financial partners are skilled in natural gas exploration and drilling.
We do partner with other companies on drilling operations in the Barnett Shale. Why? Horizontal drilling is expensive and in some areas of the Barnett Shale riskier than others. Secondly, by bringing in another company to drill, we can spread the financial risk, conserve capital for future leasing and procure additional drill sites.
We are not a "lease-for-hire" operation that can be used by other companies seeking a team to procure leases for their own drill sites. Cherokee Horn leases for Cherokee Horn. Even after we make the decision to approach and to work with a drilling partner as we have with Titan in Denton County, we continue to handle all aspects of the leasing.
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