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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The thought of my mortality.
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Permalink Reply by Snake Stewart on
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Here Here !!!!
Congrats as well from an ex-smoker. August 3rd @ 10 minutes to 10 A.M. made one year for me. Used Chantix. I highly recomend it to anyone who wants to quit smoking. I have no idea whether or not the crap works but it sure fooled me into thinking that it did. Now I just have to work on this balloon payment I made to my body in the last year. (LOL)
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Snake,
I tried Chantrix, gave me an awful headache. Great that it worked for you. I jusst tld myelf that I had to quit smoking.
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Hum. Sorry to hear about the headaches. Fortunately I didnt have any of the nasty little side effects they warn you about. Sometimes the side effects seem worse then what ailes ya' in the first place.
Anyway, good luck.
If you need someone to slap around on ya' when you are feeling weak, give Jim the "Benton Brawler" a call. He's good at that kinda stuff.
HA!HA!HA!
Just kidin' Jim. :-)
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Hey, I ain't gonna slap nobody around on this deal. I just quit smoking. Period. Used to smoke probably 3 packs a day. No more I'm through. Nada. No mo.
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KB,
I coughed all the time, and all night in my sleep. I felt bad when I woke up in the morning. If you smoke heavy like I did, you have to realize that it will kill you sooner or later. At least thats the way I felt about it. Don't wanna die any sooner than I have to.
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Permalink Reply by Iris on -
Snake, I deleted my previous reply, decided it was too much information...i do have a link with HP, all i am trying to say is I have to be careful what i ask for & be ready to receive the gifts that I don't--sometimes, no, often they are better. i agree with Skip, behaving completely leaves out the entertainment, i have my own switches tho, thanks , they were inherited from my mom. And, imho, $600 is not worth the paperwork involved initially for the leases regardless of the depths. i guess one of the gifts is those menthol cigs i smoked for 3 days many, many years ago made me sick, I never picked up another one. Amen.
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