Shaler,
 
The word running through my mind is, "Finally!"
 
Today, our team is making ShaleCast available to GHS members. This ground-breaking, new platform provides free estimates of future royalties, production, and much more. I've invited you because you've been instrumental in getting this project off the ground with your prior participation on GoHaynesvilleShale. We look forward to hearing what you think of ShaleCast!
 
 
As you might imagine, the path to providing that solution has not been simple or quick. Each day we collect massive amounts of data from many state agencies and the futures market in order to make analytically-sound, and always-up-to-date forecasts. I hope our efforts make a difference for you and fellow royalty owners.
 
In a couple days, I will follow up with a quick survey for you to rate your experience.  If you have any questions about ShaleCast, feel free to drop me an email at keith@shalecast.com. Thank you for assisting in our efforts to remove the mystery from royalty forecasting!
 
 
 
 
Your Publisher at GoHaynesvilleShale.com,
 
 
 
 
Co-Founder

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i've enjoyed using it.  

Thanks for the feedback, Olddog573.

Keith-

When do you expect to have well information up for St. Martin, Iberia, etc.? Have a number of properties there I would like to add to my portfolio. Great resource, BTW.

Thanks Keith, very useful

Thanks pal!

David, can you submit those well names to me at keith@shalecast.com? We'll discuss it during our next meeting.

Very neat. Like the basic concept; however, because all production that is released and reported publicly in Louisiana (through SONRIS) is done so by LUW unit production and not on an individual well by well basis it will be hard to get per well production. I see you have tried to account for this in your valuations by dividing unity production by well count and then prorating the percentage each will gets maybe by taking well test data into consideration. Considering the available data, this is probably the best you can do.

That being said, because you are giving "well valuations" you might be leading some individual in the wrong direction if they are using this information to value their minerals.  Under ShaleCast's valuation model, the "portfolio value" covering the wells of a particular tract of land will be much higher when that tract's unit has more wells included in it.

Example: I want to sell two 80 acre tracts of land one is in Section 1-13-11 the other is in Section 2-13-11. Both are operated by the same company, are in 640 acre units, are covered under the same lease, and had their first well drilled in 2010 both of which had almost identical production for the first two years. However in 2012 section 2 has 5 alternative units well drilled in said unit covering that 80 ac. If I were to use Shalecast to value my mineral interest covering both 80 acre tracts, the 80 ac in Seciton 2(6 wells) will have a much higher value than the one in section 1(1 well), even though actual future value in Section 1 is much higher.

I only make this comment because it appears that you are marketing ShaleCast as a item that can help individuals  put a value on their mineral and royalty interest (you label the portfolio as a "Mineral Portfolio) but actually are only giving future values on production of wells that have been drilled (you label the portfolio as a "Mineral Portfolio" ).I think it would be nice to make sure and give some kind of notice or disclaimer that the value is solely based on well value NOT mineral value. 

At the end of the day it's free so really can't complain to much, just don't want someone to get screwed selling their minerals interest from misleading (or misunderstanding) data from your website.

Thanks Nixon Dow!  I appreciate your thoughtful comments on this new technology. I think you have an excellent point on the Portfolio page label.  We can be clearer there, so we are going to implement your suggestion.

I agree with your point about it not being an estimate for all recoverable minerals, just the individual well being searched.  You are right on with that.

Also, having an estimate for the value of existing wells can certainly assist in estimating the potential of other PUDs in the unit. We’ve tried to make it clear by calling the value “Your well’s royalty forecast” and providing call out box's providing more explanation.

We also have an FAQ “How about the value of my minerals not drilled?” which seeks to further clarify.  

Thanks again for your valuable feedback!

Thanks to Keith and ShaleCast I have discovered there is a producing well in DeSoto Parish where I own some minerals! I knew there were 2 shut-ins and had sent CHK a change of address in 2014, but was unaware of this third well on that location that has been producing since Sept 2012. I called CHK and they confirmed my checks have been returned, so once I submit a change of address (again), they will re-issue. I want a detail of the amount of gas sold and the price for the last 3+ years. Any chance CHK will provide that? 


Cheers! :)

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