STATE MINERAL AUCTION: 06/09/2010 (SONRIS LITE, LEASE SALE AND TRACT HISTORY)

I have copied and pasted the bid tracts for the June auction for the tracts lying in the area of the Haynesville/Bossier Shale Play. I have underlined the Section-Township-Range for each tract and bolded the bonus bid if there was one. Note: Classic Petroleum bids on behalf of Chesapeake.

2 - INLAND

41481 BOSSIER 1, 12, 13, 15, 16, 17, 18, 31, 32, 33, 34, 4, 5, 6, 7, 8, 9 T17N, T18N R12W, R13W 60.000 20353 AUDOBON OIL AND GAS CORPORATION 60.000 60.000 $310,020.00 $5,167.00 $155,010.00 0.2500000 0.2500000 1

41482 BOSSIER 20, 21, 22, 27, 28, 29, 32, 33, 34, 4 T16N, T17N R12W 11.000 20354 AUDUBON OIL AND GAS CORPORATION 11.000 11.000 $56,837.00 $5,167.00 $28,418.50 0.2500000 0.2500000 1

41483 BIENVILLE 1, 10, 11, 12, 13, 14, 15, 2, 3, 31, 35, 36, 6 T16N, T17N R5W, R6W 42.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000 0.0000000 1

41484 BIENVILLE 13, 14, 15, 16, 22, 23, 24, 25, 26, 27, 34, 35 T16N R6W 35.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000 0.0000000 1

41485 BIENVILLE, BOSSIER 15, 16, 20, 21, 22, 23, 26, 27, 28, 29, 32, 33, 34 T16N R10W 545.000 PETROHAWK PROPERTIES LP 545.000 $4,151,265.00 $7,617.00 $2,075,632.50 0.2500000 0.2500000 1
41485 BIENVILLE, BOSSIER 15, 16, 20, 21, 22, 23, 26, 27, 28, 29, 32, 33, 34 T16N R10W 545.000 20355 CLASSIC PETROLEUM, INC. 545.000 545.000 $4,497,885.00 $8,253.00 $2,248,942.50 0.2500000 0.2500000 2

41486 CADDO, DE SOTO 25, 28, 29, 30, 31, 32, 33, 36, 4, 5 T15N, T16N R13W, R14W 36.000 20356 EXCO OPERATING COMPANY, LP 36.000 36.000 $224,856.00 $6,246.00 $112,428.00 0.2500000 0.2500000 1
41486 CADDO, DE SOTO 25, 28, 29, 30, 31, 32, 33, 36, 4, 5 T15N, T16N R13W, R14W 36.000 CLASSIC PETROLEUM, INC. 36.000 $180,684.00 $5,019.00 $90,342.00 0.2500000 0.2500000 2

41487 DE SOTO, RED RIVER 10, 11, 14, 15 T11N R10W 20.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000 0.0000000 1

41488 NATCHITOCHES, RED RIVER 13, 14, 15, 16, 17, 18, 19, 20, 21, 24, 25, 26, 27, 28, 29, 31, 32, 33, 37, 38, 39, 40, 41, 42, 43, 47, 55, 57, 59, 60, 61, 62, 63, 64, 65, 68, 69 T10N, T11N R08W, R8W, R9W 300.000 NO BID .000 $0.00 $0.00 $0.00 0.0000000 0.0000000 1

41489 SABINE 2, 26, 3, 34, 35, 36 T08N, T7N, T8N R14W 21.000 20357 BARTON W. MCDONALD 21.000 21.000 $26,313.00 $1,253.00 $13,156.50 0.2400000 0.2400000 1 41490

- 22 - TAX ADJUDICATED LANDS

41526 CADDO 32 T16N R13W 8.910 20370 EXCO OPERATING COMPANY, LP 8.910 8.910 $55,651.86 $6,246.00 $27,825.93 0.2500000 0.2500000 2
41526 CADDO 32 T16N R13W 8.910 CLASSIC PETROLEUM, INC. 8.910 $40,264.29 $4,519.00 $20,132.15 0.2500000 0.2500000 1

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Replies to This Discussion

Permalink Reply by Spring Branch,mineral owner on June 10, 2010 at 9:20
Skip, do you find it interesting that Sections 10,11,14,& 15 of T11N,R10W, though only 20 acres, received no bids?
Permalink Reply by Skip Peel - Mineral Consultant on June 10, 2010 at 9:36
Yes, SB. Now that you point it out, Encana has wells in S11, 14 & 15. Very curious indeed. Both Encana and SWEPI have additional wells nearby that should provide cores and logs.
Permalink Reply by Skip Peel - Mineral Consultant on June 10, 2010 at 9:39
And this is strange also. See the responses by charles walker in this thread:

http://www.gohaynesvilleshale.com/group/redriverparishnetwork/forum...
Permalink Reply by Skip Peel - Mineral Consultant on June 10, 2010 at 11:50
It appears that Encana is choosing to allow leases to expire in selected areas of Red River and DeSoto parishes.
Permalink Reply by Missy on June 10, 2010 at 17:05
Electro,
My question is a little off topic, but I am curious if you know anything about a well permitted in S17 T15N 10W, but not drilled yet. It has been repermitted once already and will expire again soon. Interested parties keep getting different info,
Permalink Reply by Dena A1 on June 10, 2010 at 17:21
I think their financial status makes it simply not favorable for them to hang onto and drill at this time. That is my guess for what it is worth..
Permalink Reply by Cheerleader on June 11, 2010 at 11:42
EnCana is "movin" down south to the MOTHERLOAD!
Permalink Reply by Skip Peel - Mineral Consultant on June 12, 2010 at 12:57
The Play has been moving south and west for over a year now. It is likely that the current "economic" limits of the Play will be relatively well defined by the close of the year.

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