Aethon Energy-Production Sharing Agreements and Longer Wells
Has anyone else heard from Aethon lately about their plans to extend more horizontal wells on existing leases in San Augustine County? I have received proposed Production Sharing Agreements for my three leases, and it all sounds very promising.
They are not BP or XTO (Exxon) and don’t have all the rigs at their disposal yet - I am eager to see them succeed and perform as they claim. I will believe it when I see it.... hopefully in 6 months they’ll be blowing and going. Of course gotta get the paperwork completed first before turning to the right.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More