Keith. I don't know what Fortess charges currently. I do suspect that once the satisfaction of obtaining a lease has subsided a little, their clients who crunch the numbers on what they paid to get that lease will be sorely disappointed.
I just ran across something curious but quite possibly related to Encana's auction of their leasehold. One of my internet alerts pulled up a report by the Calgary Herold titled, Shell, Encana Seek Partner In Shale Project. "Royal Dutch Shell PLC and Encana Corp. are looking for a partner to develop 54,000 hectares of exploration leases in the Haynesville Shale area of Louisiana". That's it. It was just one of those teasers. Not wishing to subscribe to the Calgary Herold, I'll wait to see what other news organizations pick up the story. Of note, Calgary is the home office of Encana Corp.
Skip, thanks for the post. That article seems consistent with my comment last night under a different topic.
"EnCana/Shell controls a significant amount of acreage in the southern portion of the play in Red River, Natchitoches & Sabine Parishes that will expire in the next 1 - 2 years that is not currently held by production. I believe they would priortize the acreage they can get drilled and try to sell, swap, etc the remaining acreage to other companies they may be able to drill in the available time remaining. Otherwise they will just end up losing with no value created"
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