Replies to This Discussion

Permalink Reply by Jon Williamson on April 17, 2009 at 2:56

These guys must be hating that they have to drill these wells right now to keep leases from expiring. I'm glad it's not my gas.

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Oil & Gas ProPermalink Reply by Les Bamburg on April 17, 2009 at 3:23

Jon, better now while they have some hedges in place than 2010 when the hedges are lower.

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landownerPermalink Reply by w.r. frank on April 17, 2009 at 3:49

Agree that E&P's are generally 60 to 80% hedged in 2009 and less in 2010 (other than CRK), but poor royalty owner gets well head price since a prudent person probably wouldn't have hedged 2009 or 2010 NG from a well not yet drilled and over which he/she has no control.

How could you ever hedge a SWEP well since SWEP drills, but doesn't deliver to sales or report anything.

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Oil & Gas ProPermalink Reply by The_Baron on April 17, 2009 at 4:53

I guess if you can't laugh at yourself...

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landownerPermalink Reply by Spring Branch,mineral owner on April 18, 2009 at 16:50

I would think, if necessary, they could hire the expertise they needed from one of the companies in the play that CAN complete a well. Hell, they can hire Schlumberger to supervise the drilling and completion of the well. I guess I should sell all my Royal Dutch stock. Looks to me like they have as much trouble building pipelines as they do drilling wells.

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