Caddo Commision Needs to read up on Depth restrictions
From The Times
Caddo knocks mineral lease off agenda
By Adam Kealoha Causey • acausey@gannett.com • December 16, 2008 2:00 am
Buzz up! Caddo commissioners won't consider a mineral lease Thursday because at least one member believes they should wait for a bigger offer.
The commission voted the contract off its agenda Monday.
Red River Oil and Gas is seeking the rights to about four acres of parish rights of way on Gilliam Scotts Slough Road, northeast of Mira.
Commissioner John Escude led in the dissent with the parish administration, which brought the proposal to the commission. "We don't go around pimping our property, so to speak. I don't see the point to leasing this."
The commission garnered $17.6 million for Haynesville Shale mineral leases during the summer, with a payout of more than $30,000 per 585 acres up front.
The Gilliam Scotts Slough Road agreement would draw at least $600 an acre in lease bonuses and 25 percent of royalties from producing oil or natural gas wells. That would be a "paltry" sum, Escude said.
But the lease Public Works Director Robert Glass helped write does not include the depths of the Haynesville Shale, the rock formation that led to a now nearly dormant leasing frenzy during the first half of this year. A new lease would have to be written to drill down two miles — where many geologists say northwest Louisiana's natural gas-filled rocks are.
Last week's state Mineral Board lease sale saw per acre bids in DeSoto, Red River and Natchitoches parishes range between $225 and $611. The board approves mineral leases on government lands.
Commissioner Doug Dominick said, if necessary, he would abstain from voting on the lease to avoid ethical issues since he has relatives who live near Mira.
Glass, who said Red River Oil and Gas has signed leases with some nearby private property owners, pointed out Dominick Road No. 1 intersects Gilliam Scotts Slough Road.
In my not so humble opinion, Obviously the commision has no clue what it is doing. $600/acre is fantastic for the depths above the Haynseville. All they are doing is restricting yet another company from exploring shallower plays.
Caddo knocks mineral lease off agenda
By Adam Kealoha Causey • acausey@gannett.com • December 16, 2008 2:00 am
Buzz up! Caddo commissioners won't consider a mineral lease Thursday because at least one member believes they should wait for a bigger offer.
The commission voted the contract off its agenda Monday.
Red River Oil and Gas is seeking the rights to about four acres of parish rights of way on Gilliam Scotts Slough Road, northeast of Mira.
Commissioner John Escude led in the dissent with the parish administration, which brought the proposal to the commission. "We don't go around pimping our property, so to speak. I don't see the point to leasing this."
The commission garnered $17.6 million for Haynesville Shale mineral leases during the summer, with a payout of more than $30,000 per 585 acres up front.
The Gilliam Scotts Slough Road agreement would draw at least $600 an acre in lease bonuses and 25 percent of royalties from producing oil or natural gas wells. That would be a "paltry" sum, Escude said.
But the lease Public Works Director Robert Glass helped write does not include the depths of the Haynesville Shale, the rock formation that led to a now nearly dormant leasing frenzy during the first half of this year. A new lease would have to be written to drill down two miles — where many geologists say northwest Louisiana's natural gas-filled rocks are.
Last week's state Mineral Board lease sale saw per acre bids in DeSoto, Red River and Natchitoches parishes range between $225 and $611. The board approves mineral leases on government lands.
Commissioner Doug Dominick said, if necessary, he would abstain from voting on the lease to avoid ethical issues since he has relatives who live near Mira.
Glass, who said Red River Oil and Gas has signed leases with some nearby private property owners, pointed out Dominick Road No. 1 intersects Gilliam Scotts Slough Road.
In my not so humble opinion, Obviously the commision has no clue what it is doing. $600/acre is fantastic for the depths above the Haynseville. All they are doing is restricting yet another company from exploring shallower plays.
Views: 49
Replies to This Discussion
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Permalink Reply by BirdDawg, plain ole' idiot on
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KB,
And he be tha man. And I'm not a lady, but I sure will protest that.
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Permalink Reply by Snake Stewart on
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Lighten up a little you two. Its Christmas after all. Wouldnt like to see you two end up on the naughty list this close to Christmas !
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Just can't help it Snake. I don't like those folks.
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You may not be on the list yet, guys. And if you are , there is always a chance that a revised list could be issued at the last minute and save the day.
Not to mention the fact that there are several levels of naughty. Some much more severe then others. I think that you two would be classified as mildly naughty............ Well I wouldnt want to jeopardize me getting on any list for telling a fib , so you 2 are on your own. But if he asks I will certainly put a good word in for you and thats no fib.
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Permalink Reply by Iris on -
C'mon Snake...is "he" going to ask you first? Sounds as if you are setting yourself up as direct pipeline to HP (that's higher power).
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Hey Snake,
I think I have at times broke the "naughty guage". Mildly naughty won't touch me right now. I would rather be on the "naughty list" than on the "criminal list". Boy, that one would really screw up Christmas. -
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You never know Tiger Caddo !
I have been fairly consistent in receiving what was in my letter to the Big Guy ever since I was big enough to write. Call it luck if you will but I dont really believe thats what it is.
By your skeptisism I can tell that you may could use a little help as well. Not a problem. Just close your eyes and think real hard about what you want. When you get what you wished for, your skeptisism should vanish. If by chance it doesnt pan out , that means you were god awful this year and you cant blame me for not being able to perform miracles , now can you ? :-)
P.S. Everybody can be a direct link to "HP", if they really want to be. You just have to be sure never to say anything ugly or make people mad. Thats why its so easy for me.............................................................(LOL)
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Permalink Reply by Skip Peel - Mineral Consultant on
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BD, Tiger & SS. I learned long ago that behaving myself had very little entertainment value. If anyone needs some switches and ashes, I got plenty. Be happy to share.
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Hey Skip,
Timing is everything. The months of November and December arent too long of a period to try & keep yourself out of trouble, for the right payout of course, IMO !
New Years resolutions.......... Now thats a different story!
Snake...Biding his time till after the final nice list is published !
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Hey, I made a New Years resolution ahead of time this year. As of tomorrow, I have not smoked a cigarette in one month. Excuse me while I pat myself on the back.
Thank you, thank you very much. (Sorry Elvis)
Geez, I guess I really got off topic on this one.
Had to tell somebody.
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Permalink Reply by Two Dogs, Pirate on
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I have smoked at least 5 cigars today. Never asked for forgivness just mercy and for all my children to outlive me. I have been a bad egg all my life, when it comes to some peoples mesuring stick. Congrats to you for not smoking for a month BD. Maybe you will get your wind back.
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I feel better already.
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