Replies to This Discussion

Permalink Reply by fngrsxnpd on January 10, 2009 at 10:12

lease for haynesville shale?

Permalink Reply by Geoff on January 10, 2009 at 13:05

Not Haynesville shale, but maybe a lower Smackover oil play. It has to be something new, they leased me on a tract that had 2 Smackover dry holes drilled in the last 20 years.

Permalink Reply by Geoff on January 29, 2009 at 10:13

They seem to be leasing a large area around Bradley in Lafayette County. The paper in Magnolia said that they have an office in Magnolia and are buying in Columbia County. A new company, Encore Acquisition, has just showed up in Magnolia with four brokers. I am not sure if they are looking at the Smackover or just a "regular" prospect. The EOG group has pissed off the locals so much that the local abstractors are giving other companies discounts to come in and compete with EOG. One even has a list of about 4 pages of owners where EOG leased from the wrong owner and left these interests open. He says he will give this to any company that will compete with them. I know one group of locals had a meeting in Shreveport with Petrohawk last week to try to get them up here. Whatever Border/EOG has done to make everyone, (local abstractors, attorneys and oil people), so mad, may work in our favor and get lease bonues UP!

Permalink Reply by Allen67 on January 30, 2009 at 15:32

The smackover formation is hugh and has always been a good oil producer, I would bet that EOG (Borders) is trying to lease 50-70 thousand acres in Arkansas. Maybe more! Dont know anything about La. Af far as all the other oil companies shooting for the Smackover, I dont have a clue

Permalink Reply by Tom Bennett on February 18, 2009 at 3:51

Let me invite you all to join the new group Cass County. Our group will not only be limited to Cass County, but will address The Northwest La , the Northeast Texas And the Southwest Arkansas Oil And Gas play. It is my hope to communicate with landowners like myself and be better prepared to deal with future Oil and Gas activity in our area that concerns us.
My thoughts are that together we can share information not divided by a state line.

Permalink Reply by Aubrey C. Sanders, Jr. on February 19, 2009 at 14:49

Geology has never been a respector of geopolitical boundries anyway. At least not in the dozen or so states I have worked in

Permalink Reply by Tom Bennett on February 19, 2009 at 17:05

I agree Aubrey, and thanks for joining.

Permalink Reply by Cheryl on March 6, 2009 at 20:37

Hey, Found out there was a Haynesville Meeting this evening at Taylor High School in Taylor, AR. I found out about it to late to attend. Has anybody heard anything of use out of this meeting?? I did ask a friend who said they were offering 1,000 a acre and that they plan on drilling pretty much all over columbia co and lafayette county up here in Arkansas. Found out the large well drilling on hwy 371 is for salt water disposal, which is a large site with 3 different driveways to get to it.

Permalink Reply by Lerret on March 8, 2009 at 15:17

My take on S. Arkansas is not to expect much activity for a while. For one thing, the financial crisis has had a huge impact upon the Biz everywhere. From paying any price for anything, they are now reducing lease offers and curtailing drilling programs. The Fayetteville still has substantial drilling, but from the applications in FEB before the commission even that seems certain to slow soon. S. Arkansas is very slow.

For the shallow players, the high lease prices are simply 'deal killers'. These are not on the economic scale of Haynesville shale gas therefore, they cannot afford such lease pricing. Some players will see an awful lot of leases expire undrilled over the next 2 years.

On the up side (downside for auto drivers) the supply (reserves in the ground) remain low and are depleting rapidly. [Shale wells frequently produce 50% of their reserves in one or two years in rapid declines] Once supply and demand are going the other way there is going to be a lot of pressure on price to go up even in a recession of historic proportion... At least that is my take on it.

Permalink Reply by Aubrey C. Sanders, Jr. on March 11, 2009 at 17:25

Lerret:

I agree with your comments. I try to keep up with "going Ons" in Columbia County, Webster and Claiborne Parishes as that is where I own land. I have encouraged several landowners to lease thir lands for reasonable bonus money, around $300-500/acre, I think. But, to depth or formation the company plans to develop. I do not lease my land generally as I usually participate in drilling with WI.

I do have some land HBP when I bought it. It is in the Horsehead Field in Columbia County. If any of you have land in this Field I would like to hear from you as I would like to see this FieldWide unit broken up. Production from Pettit lime is no longer adequate for Jeems Bayou to continue to hold about 2000 acres with one poor producing well. If we could get this unit busted up perhaps we would be able to lease with decent royalty instead of the 1/8th royalty everyone got in the 50"s

Permalink Reply by RAZORBACK on March 12, 2009 at 2:59

December of last year the following offer was made for leasing my interest in the following mineral interest in S/2 of NW/4 and N/2 of SW/4 Section 30-T19S-R20W. ( Just South of Emerson.
The terms proposed for the lease are as follows:
1) 3/16 royalty (18.75%)

2) $100.00 per acre (40/160 net mineral acres) $4,000.00 Total Bonus

3) Three (3) year primary term + a two (2) year option to extend the lease for
an additional $100.00 per acre.

4) Hard Mineral clause, Damage clause and Pugh clause

I declined the offer.

Permalink Reply by Peggy Maloch on March 26, 2009 at 8:58

To Aubrey C. Sanders: Two of my siblings and I own 51 acres in the Horsehead Field in Columbia County that is producing in the Petit Lime formation. We would also like to get that acreage released.

Peggy Maloch

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