Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2010 at 10:09

Section 26 is under HA unit order to Chesapeake. The offer is not bad for a relatively small mineral tract that does not have a value for surface use. There is no way to judge the offer without knowing the specifics of your tract.

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Permalink Reply by Henry on March 10, 2010 at 13:56

The closest completion to your section is in section 24, with an IP of 13,700 mcfe/day on a 22/64 choke. Not a hall-of-fame well, but still pretty darn good.

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Permalink Reply by Henry on March 11, 2010 at 0:53

I also just ran across reports on Secs 34 and 35 of 16-16. Both were good wells. Both had IPs around 10 mmcfe/day, on 20/64 and 22/64 chokes, and about 6500 # pressure. Your area is capable of producing good wells.

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Permalink Reply by Henry on March 11, 2010 at 0:55

I, personally, would want more than $5k/acre to lease in this area. But you should hear what others recommend.

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Permalink Reply by Spring Branch,mineral owner on March 21, 2010 at 18:57

Henry, these are good wells, but not great wells. All of Chesapeake's sections in 16/16 will probably be drilled within a year, at most 18 months. 16/16 is a very average Haynesville township, certainly not above average!

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Permalink Reply by David on March 10, 2010 at 15:34

I would want an 18 month lease, not three years. They will need to drill sooner rather than later in that case.

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Permalink Reply by LSR on March 21, 2010 at 18:41

IF THIS IS THE FIRST OFFER IT IS THE LOWEST. YOU CAN GET A MUCH BETTER PRICE. MAKE SURE YOU ADD A PUGH DEPTH CLAUSE, SHUT IN ROYALITY,COST, NO SURFACE RIGHTS, NO PRODUCTION AFTER 3YEARS RELEASE THE LEASE IN WRITING.

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Permalink Reply by S.H.M. on March 21, 2010 at 23:47

I, too, would like to know more about your tract. How many acres? My intial thoughts are...push that price up a bit but, again, how many acres??

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