Replies to This Discussion

Permalink Reply by EIB on September 8, 2010 at 3:23

OK. What about after completion. Whose gas pipeline will they connect to?

Permalink Reply by Skip Peel - Mineral Consultant on September 20, 2010 at 4:43

Yes, les turk finding a frac crew when you need one can be tough for the little guys. Hopefully someone will alert us when the completion operations start. The Anderson family is certainly wealthy but 250,000 acres @ $250 average would be $62.5M. No closely held independent is likely to take that big a risk even if they could finance it. Too many eggs in one basket. The Anderson's are too smart for that.

Permalink Reply by Bill Meaney on October 19, 2010 at 13:44

Skip and Les,
I've been away from GHS for a while. Where did the 250,000 acres thread come from?? No, I don't think we'd spend $62.4 MM on a lease block.

It has been hard getting a frac date as mentioned above but we now have a tentative date. We also have a preliminary frac design. Based on past experience you guys will know the details almost before I will!

I have a question/favor for you...what's the latest information on the ground as to who Triad and Pine Belt are leasing for? I hear stuff but you are closer to the sources...
Bill

Permalink Reply by Skip Peel - Mineral Consultant on October 19, 2010 at 14:27

Welcome back, Bill. My contact stated that the Triad landman (female) made the comment that they were looking to lease 250,00 acres. I don't have any specific information as to what company Triad and Pine Belt are representing. I don't spend much time performing research on the state line play.

Permalink Reply by Geoff Jones on October 29, 2010 at 4:19

I'll bet you lunch that it is Southwestern Energy that is behind Pinebelt and most likely, Triad.

Permalink Reply by treeman on October 30, 2010 at 6:09

Skip and Les,
I know you don't have a crystal ball, but do you expect the leasing to continue along the state line area of Claiborne and Union Parishs?
Your insights are appreciated.
treeman

Permalink Reply by Skip Peel - Mineral Consultant on October 30, 2010 at 7:38

Yes.

Permalink Reply by red ranger on November 9, 2010 at 7:56

Any new updates?

Permalink Reply by shaleshaleshale on December 1, 2010 at 11:04

any news on this well?

Permalink Reply by Geoff Jones on December 12, 2010 at 17:43

I keep hearing that the frac is scheduled for this week.   

Permalink Reply by Alligatorshuz on December 6, 2010 at 9:27

Is there any activity in Magnolia in the Walker School Community?

Permalink Reply by Dan Arnold on December 10, 2010 at 6:10

Yes, there is leasing in that entire area.

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