Replies to This Discussion

Permalink Reply by sesport on August 2, 2008 at 15:10

Got it, thanks. By the location of the proposed well, it looks like they are trying to hold section 23 by production?????? HUH! If I'm not mistaken, that may affect homeowners in the Haven neighborhood.
I don't know the answer to that lease question. Maybe Randy (capital R) would know.

Permalink Reply by JONESER on August 3, 2008 at 5:21

Yeah Im not sure what it means...I guess a landman will let us know. I know Randy is one. Anyways just sharing info....

Permalink Reply by Trenna on August 3, 2008 at 12:44

Are we doing anything in section 24 (Riverbend)to get a good lease together? I think we need to decide what clauses we want in the lease. Ken has been working hard on getting us some good offers. I am not sure what it exactly means either.

Permalink Reply by JONESER on August 3, 2008 at 15:21

I doubt any lease stuff will be looked into till a offer is accepted. It is up to the HOA Pres to accept or not, offer is in his name. If I am given the offer personally, Im signing for 20K.

Permalink Reply by SBossierGuy on August 4, 2008 at 7:40

Nice research. I had missed this one.

"Question: If you lived in that section 23 or 26 and already signed a lease for Haynesville Shale, would you also get Royalties for this Rodessa Zone too on the same lease????"

The point is mute because no one lives in the area being unitized. The southern half of 23 and northern half of 26 is what is being unitized as one unit. Pretty sly. To answer your question, I think the contracts that were offered to Section 23 had a standard Pugh clause that would set the depth boundary of the lease (someone please correct me if I am wrong). Therefore, an 11000' Haynesville well would give PetroHawk mineral rights from the surface to 11000'. Since the Rodessa zone falls in this, the property owner would get the royalty set out in the lease agreement. Again, I never attended law school, so if anyone has more info on this, please chime in.

Permalink Reply by JONESER on August 4, 2008 at 13:00

Thanks SBossierGuy!

I've been keeping my eyes open for anything I find that is being drilled into the Cedar Grove Field.

I appreciate it.

Joneser