Replies to This Discussion

landownerPermalink Reply by JHH on March 29, 2012 at 13:48

I just read in "The Inquisitor" (March 23rd edition, page 15) that Devon and Southwestern are two majors moving on the Brown Dense/Lower Smackover... Blanchard is a target area and parts of East Texas.  Said something about unconfirmed production levels of oil at 500 barrels a day.  Leasing rates between $500-$1,000/acre @ 22.5 % royalty... will not go as high as $25,000 an acre as it did in the "boom" days.  Does anyone have new/confirmed information.   The editor said he would be updating when new information comes in.

jhh

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 29, 2012 at 14:13

The Inquisitor is about the last place I would look for accurate information regarding the LSBD.

landownerPermalink Reply by Volkswagon guy on March 29, 2012 at 14:50

LOL.  Looks like a local "Star" or National Enquirer.   Specializing in the seedy side of life certainly dosen't qualify one to report on  oil production rates!!

landownerPermalink Reply by JHH on March 30, 2012 at 0:51

HAHAHAHA!

I was sort of surprised there was a write-up in the first place!

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 30, 2012 at 2:42

Other than the involvement of SWN and Devon none of the LSBD rumors reported as news in The Inquisitor are even close to factual.  But then again that rag has never been concerned with responsible journalism.

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