Replies to This Discussion

Permalink Reply by Cathaus on January 22, 2009 at 3:04

Oh how a landman HATES an informed landowner. I know we shouldn't throw the "L" word around, but in this case, you were out and out LIED to. Good going. Keep the faith. It will be worth it to you to do so!

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Permalink Reply by Ms.Dragonslaya on January 23, 2009 at 16:10

EXCO DID DRILL A HORIZONAL SHALE, THE ODEN AND IS DRILLING THE MURRAY #1 IN SECTION 24, IN DESOTO PARISH, ANOTHER HORIZONTAL WELL AND PLAN TO DRILL 20 OR MORE. GOT THE LETTER IN THE MAIL ABOUT THE PROPOSED WELL SITE FOR DRILLING IN FEBRUARY.

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Permalink Reply by Big Daddy, bcnr on January 25, 2009 at 15:39

Deb, what are the township and range of the sec. 24, Murray #1 well? Thanks

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Permalink Reply by Cathaus on January 22, 2009 at 10:42

And don't accept any empty promises.

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Permalink Reply by Bobi Carr ("parker") on January 23, 2009 at 6:12

Gosh Darn,

If nothing else this group of folks has made me more idealistic.

I would vote for KB. She is the brightest shining star on GHS.

I hope know that things will work out for her.

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Permalink Reply by Bobi Carr ("parker") on January 23, 2009 at 7:10

Earl,

Trust is a hard thing to come by, but I'm with you I trust her completely.

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Permalink Reply by Cathaus on January 23, 2009 at 9:03

I nominate Parker as KB's speech writer! Like KB needs the help of a speech writer?

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Permalink Reply by Jack B2 on January 30, 2009 at 6:08

Here's another vote for KB!

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Permalink Reply by Florida Ginnie on January 23, 2009 at 13:18

Is anything going on in North Bossier? Any Leases over there? Know anyone want to lease my sub-surface? I have 10 acres sec 3 township 18n and range 12w. I appreciate all of you and your info. very good and sooo.... on top of things. thank you all!

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Permalink Reply by Rick on January 23, 2009 at 13:42

I got a call this week, Wed. Jan 21, from a guy that said he worked for Continental Land, but it was not the same Continental guy that has been working this area. He kept telling me how his boss had just called him into this area to finish up some leasing and wanted to offer me $2000 an acre for a 5 year lease with a 3/16 royalty for the small portion of my land in Section 19, T15N, R14W in DeSoto Parish. $2000, that's less than 10% of what this section was being offered 4 months ago.
Of course I laughed at him and told him CHK needed to contact me about my land in Section 18. I let him know that I had rode the Nelson 18 down and would do the same in section 19.

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Permalink Reply by Dion Warr, CPL on January 24, 2009 at 5:39

KB:

Rick hasn't seen any money yet. The well scouts show the well is a shut-in completion as of 1/6/2009. Even if they turned on the spigots the next day, first royalty payments would not go out until mid-to-late March at the absolute earliest, with leased individuals with CHK receiving those monies. Unleased mineral interests would likely receive a statement for well costs as soon as the well is tested and deemed productive; at the moment, the well test results have not been posted.

If Rick has received a statement, CHK is planning to produce the well. Rick, please post the first statement when you get a chance.

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Permalink Reply by M. Mcwilliams on January 24, 2009 at 4:39

Even though the days of $20,000/acre may be long gone, never to return, I don't think $2,000 an acre is reasonable, given what we've learned about HS production. Maybe it is, but I'll have to be proven wrong. That said, 3/16 is definitely too little. And 5 years - no way. I told the guy trying to lease me that no one signs 5 year leases, and they haven't done so for probably 20 years.

We had another offer here in 21-15-13. I haven't yet talked to the landman, but one of the neighbors did, and the guy is offering to write a two month lease. Maybe I'm missing something but I can't see how that benefits me if they are planning to drill a well anyway. If they drill, and hit a dry hole, a two month lease would expire, but then so will most of the other leases in the section. I would have lost a bit of bonus ($2,000 based on the last offer), but that's it. If they drill and produce, a short two month lease does me no good because I would be held by production at a 20% royalty (based on the last offer). If for some reason they don't get to drill, a two month lease would expire, but, again, so will most of the other leases in this section, so someone else will be wanting to come in, or Exco will re-lease.

Am I missing anything here? I doubt it, I just have a hard time understanding why this guy thinks this would be something we might want to accept.

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