Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on June 28, 2013 at 3:49

Thanks, David.  I believe that the leases aquired from EOG have already expired.  I hope that SWN will drill exploratory wells across a wider area of their L SMK leaseblock in the remainder of this year.  The new unit application may be an indication that they will.

Permalink Reply by 2p6y7ycljui0u on July 23, 2013 at 14:34

After a month, does it seem that  SWN is interested in aggressive pursuit of its L SMK leaseblock?  Does not appear that way. 2013 could be the first of a few years of lapsed leases.

Permalink Reply by Skip Peel - Mineral Consultant on July 23, 2013 at 15:34

The L SMK RA SUB;UPSHAW 6-22-2H #1 in the MOUNT OLIVE, NORTH Field and the L SMK RA SUA;PLUM CRK 13-23-2H #1 in the BAYOU DE LOUTRE Field have about 40 days left on their permits to drill.  Then there is the recent MCMAHEN 19-21 #1-7 Wildcat in Columbia County.  As of last Friday SWN had no rigs running in the Brown  Dense.

Permalink Reply by Sarah Randolph on July 24, 2013 at 3:04

I haven't seen it but have heard SWN put up the sign that says the Rig # 20 at the Bayou De Loutre location.  This might not mean much but it is a change; the sign hasn't previously been up.  Also saw that the Q2 presentation for SWN will be on 8/2 @ 9:00 a.m.  Maybe more news then. 

Permalink Reply by Skip Peel - Mineral Consultant on July 24, 2013 at 3:11

That's a good indication that the Bayou De Loutre location will be next, Sarah.  Thanks.

Permalink Reply by norma smith on October 1, 2013 at 3:58

Skip, I've been reading posts trying to learn as you suggested... This McMahan in Columbia County, is that located close to me in Township 15S-Range 20W, Sections 21-22... I'm not sure how to read the descriptions.

Permalink Reply by Gatrpaw on July 23, 2013 at 15:54

Unless something interferes with their plans, one rig is being made ready at this time. Plans are to move it onto a location between the first and middle of August. I do not know at this time exactly where.

Permalink Reply by 2p6y7ycljui0u on July 23, 2013 at 17:29

Maybe they don't either?

Permalink Reply by Gatrpaw on July 24, 2013 at 15:54

As of today...Either rig 20 or 21 (probably 20) will be rigging up on the De' Loutre location either the first or second week in August.

Permalink Reply by North LA on July 25, 2013 at 6:54

Wonder why SWN stock is up around 4% today on a off day for the market?

Permalink Reply by tony allen on August 9, 2013 at 16:24

Back to the subject of the thread. SWN (TS Dudley) are attempting to extend their leases throughout the play. They are asking for an extension  of the previous lease at 1/2 the price. They are offering $150/acre , 20% royalty and they want a 4 year lease with a $150/ 3 year option.  What do the Pro's think?  Take what you can get?

Permalink Reply by GoshDarn on August 10, 2013 at 7:43

Tony:

You ask a good question.  As you know, there are pluses and minuses to both sides of this.  The situation does not lend itself to an easy answer.  The circumstances tend to vary for each landowner, depending on acerage, finances, and their previous experiences with leasing.

How would you answer the question per the info you presently know yourself?

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