Replies to This Discussion

Permalink Reply by ALongview on June 30, 2012 at 6:20

I think the area is larger than that.

Permalink Reply by GoRicky on July 1, 2012 at 8:34

Well, Im over by the lake.  I guess thats too far east? - Thanks

Permalink Reply by ALongview on July 1, 2012 at 10:30

That I don't know GoRicky.

Permalink Reply by Frank Coday on July 1, 2012 at 23:35

There has also been some interest in an option to release acerage near the original Hall well by Endeavor. Indicates possible intention to go back into the well if and when prices go back up.

Permalink Reply by Fred W. Smith on July 2, 2012 at 7:10

Is this release acerage the old Devon leases or from another player?

 

Permalink Reply by Frank Coday on July 2, 2012 at 11:56

Origial lease was with Endeavor. Right of first refusal option for a 3 year period  at $ 100.00 per NMA. Option to meet or exceed any other offer(including all lease terms) with option fee non-refundable. They are heavily leased (ours expires in Sept.) in this area and particularly near the Hall well as our property is.

Permalink Reply by ALongview on July 23, 2012 at 5:59

They are offering these options to protect their acreage from someone else they fear might come in.  I wonder if the target is for the Haynesville/Bossier of if could be for something else?

Permalink Reply by GoRicky on July 2, 2012 at 17:37

You know, it seems like Endeavor spent a bunch of money on their block & then drilled one of those "research wells" - I wonder who funds them?  Also, they were supposed to be buying leases way down in the South part of Sabine County - - what happened to that?  Thanks

Permalink Reply by ALongview on July 2, 2012 at 18:17

Florida Power & Light(FPL) through a subsidiary company bought into their leases pretty heavily. Many of those have now expired but they are a really big utility so could easy absorb that loss. Why only one well is a great question...,i would love to know the answer.

Permalink Reply by Frank Coday on July 3, 2012 at 0:04

Feel like the Hall well was to prove up the area where they were heavily leased, then the market tanked. Remember, the well only produced from one vertical completion zone for 2 months and was averaging close to a half mil. / day. The pipeline was completed to the Hall location so you might say the area is ready for development. Think this is why they are taking options now in a wait and see posture on market changes.

Permalink Reply by ALongview on July 9, 2012 at 10:55

Anything new out there.  Any new leases being offered/signed? 

Permalink Reply by Mike on July 10, 2012 at 11:55

Based on County Records web site Devon has leased property recently south of 21 and north of 103.  Abstract #38, #44, #50, #198 and #25. 

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