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Permalink Reply by Simba on August 11, 2008 at 3:59

Here's a link that may help

http://www.tmslandowners.org/index.html.

They are a shale specialist out of Fort Worth.I think they have put together about 22,000 acres in the Haynesville. They have over 200,00 acres in the TMS.

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Permalink Reply by OnionLoops on August 11, 2008 at 4:42

Encore Acquisition (ticker symbol "EAC") out of Ft. Worth. Take a look at their website for additional information. They closed the deal with Greystone last month for the acreage in the Geenwood-Waskom field.

http://www.encoreacq.com

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Permalink Reply by alleyboy on August 11, 2008 at 9:37

where did you see the article about the greenwood waskom field and c an you direct me to any links?

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Permalink Reply by Steve on August 11, 2008 at 5:01

Encore is Encore Acquisition(EAC). They have an interest in the Haynesville and will be pumping more money in to it in 2009. Below is a link to their most recent(last week) report to analysts where they talk about the Haynesville Shale. EAC is also active in the Baaken and has a joint venture with Exxon in Texas and also has 3 completed shale oil wells in the Tuscaloosa Marine Shale in Ms./La. and is about to drill a 4th well. EAC is a big player in shale, especially oil shale. Link you can copy and paste:
seekingalpha.com/article/89831-encore-acquisition-company-q2-2008-earnings-call-transcript

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Permalink Reply by Lee on August 11, 2008 at 7:16

Thanks, everyone for sharing your information. It looks like Encore has proposed 5 wellsites in the unit my little acreage falls into and I was curious as to how prepared they were to start. I knew something was up when Greystone frantically tried to top lease my acreage in April, then suddenly there was silence. Turns out they finished a "producing well" in the unit 3 days before lease expiration, which holds everyone's lease that leased in 2005. I outsmarted myself by holding out on the top lease, since it was better terms, but not up to par with the going rates at the time! The "producing well" is barely making any gas at all but it's less expensive than having to renegotiate leases at the higher Haynesville rate. Oh well, I can only hope it's a good area.

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Permalink Reply by Lee on August 11, 2008 at 8:57

Don't know why the 720 acre size, Sue, somebody smarter than me will have to answer that. But I suspect it has to do with those units being right up to the state line.

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Permalink Reply by Lee on August 12, 2008 at 14:41

Sorry, no scanner here either.

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