Replies to This Discussion

Permalink Reply by Jed Clampett Bn2 on January 1, 2010 at 7:32

Petrohawk, Madden 6 #H1 Well, Serial #240214, S7(6)-T16N-R9W
Is this well being drilled in Section 6?

Permalink Reply by E & E on January 29, 2010 at 2:54

Jed,
Check out your topic: "New well almost complete"

Earlene aka Donut lovin girl

Permalink Reply by Skip Peel - Mineral Consultant on October 28, 2009 at 5:22

Landowner. I'm not Alton so I can not answer that question specifically. And there is insufficient details to his mineral interest to have an opinion if the offer is a good one. As to the prospects of remaining unleased unitl a well is completed and announced, I have following observation. A mineral owner can choose to lease at any time. The opportunity does not end with the completion of a well. A horizontal HA well completed and flowing to sales should make an operator more willing to negotiate but there is no guarantee. An above average well will increase the value of your minerals and quite possibly what a lessee to willing to pay for it. A below average well may have the opposite affect. There are many mineral owners in north Caddo Parish that took the risk and the result was not good. At this point there is insufficient completion data to make any assumption concerning the productivity of the wells in the Lake Bistineau Field. Everyone should do their homework and make a decision based on what they feel is best for them.

Permalink Reply by Landowner on October 28, 2009 at 6:35

Ok, I thought maybe I was missing something. I was not aware that you could lease after the well came in and it was a good one. I have read a lot about as an unleased mineral owner you receive a lot more than a leased mineral owner. I don't think I have what it takes to be unleased until a well comes in.

Permalink Reply by Skip Peel - Mineral Consultant on October 28, 2009 at 6:45

Landowner. Going UMI is only for a few brave souls. The rest of us just want the best lease terms we can get and then successful wells. However, I think most members would agree that there is no real incentive for an O&G company to make you their best offer until they are ready to produce your gas. I council many of my clients to wait until a drilling unit is formed and the first well is drilling before getting serious about lease negotiations.

Permalink Reply by Landowner on October 28, 2009 at 8:24

Thanks Skip for that information. We are looking at leasing now, but I am starting to rethink and wait. We are only a few miles from where they are receiving 6k and we are being offered 1/2 or less of that amount.

Permalink Reply by Skip Peel - Mineral Consultant on October 28, 2009 at 8:41

Landowner. I suggest that you do a little homework. Go to the SONRIS Help Center and download one or more copies of a township grid. Then ask me, or Les if I'm out of town as I will be starting tomorrow, to give you the unit orders for the township(s). Then following the instructions on how to search your township on SONRIS, enter the HA wells that are permitted, drilling and completed. I think you will feel much better about knowing what is happening around you and by whom when the time does come to negotiate a lease. I can assure you it will set you apart from 95% of the mineral owners landmen deal with.

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