Back in from EnCana meeting. With only about 20 people there a rep. from Encana says that they plain to drill at least one well in each section (sec 27-29 and sec 33-34) as long as these do good then the'll add more per section up to 6.
If you're land is say in sec 5 , 4 , or 3. it just means that there close just not there now and /or that say sec 34 has no well or wells that kick then the likely hod the'll come south is a little more iffy.
There was some folks that i had meet about a year and 1/2 ago from OK that are in sec 5 --not leasted yet and hoping like a lot of people that all goes well with the sections above us. Encana least alot of land about 4 years ago for $100 and acre and these folks are hopeing that nothing happens till there lease is up. I myself am hoping for the best for them.
I traveled down hwy 71 (like old times before int 49) and saw 7 maybe 8 rigs up and running (trinidad drilling) and 9 big rigs (18 wheelers) loadded with pipe going north of
371 and 71.
Looks like and sounds like ( just to me) that activity will billed up as soon as the nat. gas
price goes up to around 5 to 6 $ pmcf any prices above this then (at least EnCana) will really start to ramp things up.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More