Anyone know of current leasing activity/offers in Cass County?

We own mineral interest in Cass County ( R. Kimbrough Survey) and have been recently contacted by a landman indicating he was working on behalf of Pegasi Energy.  An offer of $175/acre, 3/16 royalty for 2 yr term was made.  I see that Pegasi has had favorable results in Marion County w/ Norbord Well # 1 (just a few miles south of us) and looks like they have commissioned a new pipeline in the area too.  Anyone know of current lease offers in this area?

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Petro Land Group out of Tyler has recently offered $200/acre, 20% royalty, 3 yr lease for minerals in George Melton and James Young surveys.  I also just received a letter from Longhorn Assoc out of Judson, TX indicating they wish to acquire all of our minerals and/or royalty interests in Cass County.  Something must be brewing....

i hear that petro land who is leasing for andarko pulled all 40 of their landmen out of east cass countyto avinger the clark well must look good. it has been drilling 40 days and should be down.

does anyone know if the clark well will produce the rig is gone

Hasn't been gone long, waylon.  The rig was still reporting as drilling last Friday.  The process is not finished until the completion operations are done and the well is turned to sales.  Completion ops are hard to miss as it entails a lot of equipment and manpower to frac the well and depending on the number of stages it could take up to a week to complete.  After that, who knows?  The TRRC doesn't have stringent regulations reporting completion results and some wells produce for a year before the completion data is publicly available.  You'll want to ask jffree1 about completion data as that is her area of expertise.  I hope it's a good well.

a man on the drill site said yesterday that they will not do a frac. job that it will be a vertical well

That begs the question of why the well was permitted as a horizontal but Anadarko chose not to drill the lateral.  Not fracing the well doesn't sound good either.

just talked to a guy with petro land group he said they were not leasing any more west of linden

the clark well must of killed it.

skip when anadoarko filed a permit to drill the clark well they said that the haynesville shale horv. was a test hole only.what does that mean. and in the same permit they permitted to the cotton vally. did they mean they would not.complete in the shale even if it was good

waylon--- i think that says the mud and Elect logs did not look good enough to the Enger. and Geologist Consultants to drill a lateral after drilling to total depth into shale and guess CV did not look commerial either.  Not good sign for your minerals in the area but maybe I am wrong and they do not desire to complete even vertical well at present time. Any one that is in the unit with lease in well can call APC owner relation office for information on "Their Well"----- If this is not correct reading Skip or Jay will correct me

waylon, I defer to jffree1 on this one.  I'm not sufficiently familiar with all the particulars regarding Texas permits.

The Stroud Arkla-Blackstone 1H is reporting 242 bbls of oil and 802 MCF on gas lift  6300+ bbls of oil produced prior to test.  

I spoke to our attorney recently & he stated if that well continued to do good, Cass county was going to "explode".   We are really close to that area.  A little NE of it.  I'm still waiting to see if that truly is going to happen.  Dbob, I'm unfamiliar with those numbers.  Are they good?

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