hi, I have property over in Sabine County not that far from Many really. We are hearing that in Sabine Parrish some property is being leased for upwards of 10,000. Is there any truth to this? This has really gone nuts!
heard shell was looking for anything in the shale and pricing was 7500. they must have found something big over in pleasant hill and olympia minerals in belmont because chesapeake is now leasing in the belmont area. i have no contact names for either company.
Jim Kramer on Mad Money is all over the Haynesville!
i think your right. i do beleive they do not want the word out about these wells as well as the messenger on i-49 in natch. parish. don't think it will be long before they have to take us off the fringe list.
It was interesting that Chesapeake believes the primary field area can be defined fairly quickly (6 months?) in contrast to the years it took to determine the Barnett Shale area.
mcclendon said the boundaries have somewhat been defined by the drilling, but with not enough rigs running that's not telling a lot. this thing has developed a lot in three months.
On July 8(?) Audubon landman stated he "thought" the old woods well was doing 8 million a day. Shell is now offering 10,000 per acre 3 year lease with no option to renew
Shell has updated the Olympia Minerals well on Sonris but it doesn't say much about production rates though. I believe that when they do tell us, we are going to be pleasantly surprised. I would think that they would be leasing more land before the news gets out.