FAIR OFFER?-T.W. & ASSOC./XTO-Open Acreage-Shelby County, TX

My grandmother received an Oil Gas & Mineral Lease for an interest she has an interest a 55 acre tract in Shelby County. It was from T.W. & Associates, LP and the landman's name is T.J. "Ted" Helbig. They are working for XTO.

The offer was $500-rental-paid up 3 years with a royalty of 18.75%. Being that we are out of Lafayette, LA, we are not sure if this is fair or not?? I did speak to him and he stated that this is a WILDCAT well?**?? To me, this is hard to believe being that this county is 100% "Haynesville country". Are there not many wells drilling and permitted now for Haynesville?!! He told me this will be a Haynesville well........Wildcat????

 

***JAMES ROWE SURVEY A-585 & THE THOMAS R. GOODWYN SURVEY A-256 ******

 

Can anyone enlighten me as to the terms offered above? Are they fair? What have you been offered? Have you heard of or had dealings with them (T.W. & Associates) or Mr. Helbig???

 

PERSONALLY, I FEEL LIKE THIS ACREAGE IS " OPEN FOR BIDDING"!?!? 

 

THANKS,

COREY

Tags: ACREAGE-SHELBY, HAYNESVILLE, OFFERS-OPEN

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Replies to This Discussion

Permalink Reply by EgiB on February 1, 2011 at 14:17
Is it just me, or does it seem XTO has numerous other wells they have completed in Shelby County, but this "poor" producer is the only one they can get around to reporting?  Makes you wonder doesn't it.
Permalink Reply by MLE on February 1, 2011 at 14:32

It's just you. 

 

Which well are you looking for?

Permalink Reply by EgiB on February 2, 2011 at 3:08

Utes, Pirates, Broncos, and Panthers, just to name a few. 

Permalink Reply by MLE on February 2, 2011 at 5:03
Utes (11/15/2010) - http://webapps.rrc.state.tx.us/dpimages/r/50003399

There isn't a Bronco DU in Shelby, Pirate hasn't been completed yet, and the Panther was only permitted 2 weeks ago.
Permalink Reply by EgiB on February 2, 2011 at 5:06
Maybe the Pirates hasn't been completed yet, but it was fraced 3 months ago.  Any info on the Broncos would be nice, even though I'm aware it's just inside San Augustine County.
Permalink Reply by MLE on February 2, 2011 at 5:14
Pirates and Broncos (San Augustine) are both shut-in and have not sold gas yet.
Permalink Reply by EgiB on February 2, 2011 at 5:15
Thanks!
Permalink Reply by RBH on February 1, 2011 at 14:32

Southwestern Energy--4 well permits in T Rowe 585: CARTHAGE (HAYNESVILLE SHALE)

TIMBERSTAR-BLACKSTONE GU 1

WYNN TRUST H

RISINGER J GU

Haley G 1

and

XTO new permit 1-14-2011 in the goodwyn 256 survey.. MEAN GREEN DU #1

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