Replies to This Discussion

Permalink Reply by Gizbeau N2 on June 9, 2008 at 16:25

Wondering the same I am in 11 N- 8 W and Chesapeake aren't interested in ours at this time at least that what they say at this time.

• ▶ Reply

Permalink Reply by Rae N2 on June 11, 2008 at 3:57

We're also in 11N, 8W, and so far we've only been contacted by Encana. . . but a couple of others have indicated they are not in that area "at this time." They seem to really stress the "at this time." While we'd love to get some of the offers we've heard about in other parishes ($4 - $6K), it's not their bonus offer that bothers us. They're offering 1/5 royalty, and from what I hear, all the rest are offering 1/4.

• ▶ Reply

Permalink Reply by Mit on June 11, 2008 at 6:45

11N / 8W is a little too far east of what most companies consider the "defined" area at this time. Most believe the shale thins just a few miles west, and it is too deep a few miles S/SW.

With that being said, not enough data exists to correctly define the exact boundries of the shale. You could be in a great location, or you could be just on the outside of it.

Encana has leases in the area, so they will be the only ones interested at this time. The others (Chesapeake, Petrohawk, etc.) are concentrating their efforts in more defined areas. BTW, these are also areas where they are trying to lock down units. They can only move so fast. They want to secure as many units and acres as possible in their currents areas of activity. They will then move on to other areas as more data from these areas becomes available. Your best bet may not be from Chesapeake or Petrohawk, but from other comanies coming late into the play and having to lease areas on the fringes.

• ▶ Reply

Permalink Reply by Rae N2 on June 12, 2008 at 5:05

Thanks for the info. . . however, I'm somewhat confused. Someone else on this site has property in Goldonna and has been told they are in the play and advised to get an attorney. I may need to brush up on my geography, but I'm thinking Goldonna if farther east than our property in the Fairview-Alpha/Campti area. . . am I wrong? Thanks.

• ▶ Reply

Permalink Reply by Mit on June 13, 2008 at 7:44

Rae, your land and the area around Goldanna may be above the "shale", but it is not in the "play" right now. I define "shale" and "play" as two different things. Acreage in the "play" is an area being actively leased by multiple companies and bidding against each other, or at least one company being aggresive in leasing as much land as possible. You may not have had any offers other than Encana, but that does not mean you will not. It also does not mean you are not on top of the "shale". You are almost certainly above the "shale", but is the gas too deep or too shallow below your land? No one really knows.
The areas being leased right now are thought to be above "shale" that is about 2 miles below the surface, and the gas is about 200 feet thick. Is your land above 200 feet of shale, or 20 ft. Is the shale 2 miles deep, or much deeper? No one knows at this point.

Things like this are a gamble. Do you wait for the "shale" to be further defined? If so, your land may not be in a good area. Your best bet may be to lease soon, but if it is in a good area, then waiting will be better. Either way, I would not sign anything for less than 25% royalty.

• ▶ Reply

Permalink Reply by Natch N3 on June 13, 2008 at 11:01

I own property in Goldonna located in sec 12 township 12 Range 6 and I don't live in LA. I live in Atlanta. What does all this mean if anything. I signed 2 contracts in Jan of this year with a Seismic Co. Was told two weeks ago they will be on my property any day. Where am I located compared to the activity going on

• ▶ Reply

Permalink Reply by Marilynn Sessions on June 15, 2008 at 17:02

Where are you located in Atlanta? Where in Goldonna is your property?

• ▶ Reply

Permalink Reply by Marilynn Sessions on June 15, 2008 at 17:00

Rae-
I did the post that you are speaking about if you want to contact me I will be happy to give you all of the details that we were told. I am at gobama2@bellsouth.net. Thanks,

• ▶ Reply

Permalink Reply by Hill on July 4, 2010 at 19:21

I am in t 11N-R8W, I have heard they will be drilling near 7 Cs if you know where that is. I do not know what company or when. If you are from Fairview you know how the grapevine is. I do not know if they are putting us off bc of the description from Mit or if because there might be more people bc we are closer together.

I have also heard that they are suppose to be putting in a road and drilling some place else but am not sure where at this point. Again I do not know when this is or when the person heard this.

If you hear of anything else regarding the area please post.

Thanks!

• ▶ Reply

Permalink Reply by Les Bamburg on July 5, 2010 at 4:19

Hill, there has been no permitted Haynesville Shale wells or Haynesville Units formed in T11N-R8W to date. The closest Haynesville Shale wells are in T12N-R8W to the north and T11N-R9W to the west.

• ▶ Reply

Permalink Reply by bigball N1/N2 on July 5, 2010 at 4:38

anadarko will be drilling pretty soon in 11-8. people are starting to get there notices in the mail. 4 different production units are coming in 11-8. on hwy 1 near powhatten and on the otherside of red river. good things are coming.

• ▶ Reply

Permalink Reply by Gail's Son-in-LawN1/N2 on July 5, 2010 at 5:33

My sources tell me that seismic is scheduled for 10-8, but not until 2011.

• ▶ Reply

• ‹ Previous
• 1
• 2
• Next ›
• Page