Haynesville Shale & GHS Members Highlighted: "SHALEIONAIRES" on 60 Minutes this Sunday Evening

 

"SHALEIONAIRES - While some complain that extracting natural gas from shale rock formations is tainting their water supply, others who have allowed drilling on their property are getting wealthy and becoming "shaleionaires." Lesley Stahl reports. Shachar Bar-On and Meghan Frank are the producers."

 

The link: http://www.cbsnews.com/stories/1998/07/08/60minutes/main13502.shtml

 

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I was approached by the producer, Shachar, to assist in locating individuals for this segment. Some of you may have spoken to Shachar, or other producers, as well. Because of our assistance, the residents of NW Louisiana will be represented on this segment to its 13 million viewers. 60 Minutes airs Sundays at 7 p.m on CBS. ET/PT. Check your local listings.  
 

Among those interviewed for the segment are Northwest Louisiana residents CB Leatherwood and Mike Smith, who are actually cousins. The 60 Minutes crew spent a day at the Leatherwood residence interviewing both Mike and CB at the same time. If you have seen the Haynesville Documentary, you have seen Mike Smith. Mike was one of the three whose Haynesville story was featured in that documentary.

 

I spoke with CB shortly after the interview and he told me that he was impressed and pleased with the 60 Minutes crew finding them, “down to earth” and “real nice.” CB's goal was to show them southern hospitality during their visit. And of course, that means good food.

 

On a Sunday in May, an assistant producer, out of N.Y.C., showed up to screen the couple to see if they adequately fit the profile of what they needed in the segment. When the producer arrived at the Leatherwood’s home, fresh coffee cake and coffee were waiting to be had.

 

Toward the end of the screening (and coffee cake), CB informed the producer that she could probably find folks that had done “better” (made more money) on the Haynesville Shale. “I didn’t think we’d actually get selected,” Leatherwood added.

 

[Editor's Note: The producer's found CB a great story teller]

 

Selected they were and a CBS caravan showed up on the day of the interview with videographers, photographers and producers in tow. It was a typical hot and muggy summer day. The crew got busy and as CB puts it, “they took pictures of everything! Chickens, cats, dogs, mules…everything.”

 

Lesley Stahl, who would be conducting the interview, showed up to their Sabine Parish home in a chauffeured Lincoln Town Car. After Upon entering their home, Stahl promptly asked, “may I use your restroom and borrow a can of hairspray, I’ve been on a drilling rig all day.”

 

Welcome to showbiz.

 

 


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Replies to This Discussion

Permalink Reply by john schonfarber on November 14, 2010 at 14:13
wouldbe galena park hi school john
Permalink Reply by VSC DeSoto South on November 12, 2010 at 0:47
Thanks for the heads up!
Permalink Reply by MJS on November 12, 2010 at 2:30
Anytime overly polite individuals from 60 Minutes come around it's political and aimed to benefit leftists AKA democRats, socialists, communists, progressives, etc.
Make no mistake about it, Fracking is on their hit list. IMO, 60 Minutes is no friend of oil and gas and deserves no red carpet treatment whatsoever.
Permalink Reply by Keith Mauck (Site Publisher) on November 12, 2010 at 3:51
We'll see how it turns out tonight. You could be correct in that they do have an agenda to present the industry in a negative light. I didn't gather that from my interation with them. One thing that was mildly suspicious was that they weren't looking for experts in the field. They may have already had them in line, or they could present the industry as the experts, which of course has little credibility in the general public's eye due to an inherent bias. So, I gave them a few independent experts anyways - like Dan Arthur and Gary Hanson.
Permalink Reply by Jack Blake on November 12, 2010 at 4:01
Live and let live cried Jack Blake.........
Jack Blake knows a couple peoplewho got 100k, one who got about 750k and one who made multi-shaleionaire off just his lease bonus.
The shaleionaire is a farmer who had over 1000 acres in a sweet spot. He had two wells on the top well list last time I looked. The first thing he did with some of his lease bonus was pay off his farm. He would be a good story for TV but I know he is kind of private and would never do a TV show.
Jack Blake will be watching 60 minutes. I'm sure they will have some good and bad things to say about the shales. Jack hopes that overall the good overshadows the bad. Jack Blake is of a mind that whether they are a friend of O & G or not we need to bring them around to crying out GO HAYNESVILLE SHALE!!!!!!!!!!!!
Permalink Reply by ronda and bruce on November 12, 2010 at 9:25
I agree Jack Blake!!! Here's my 2 cents' worth : GO HAYNESVILLE SHALE!!!!!
Permalink Reply by Keith Mauck (Site Publisher) on November 12, 2010 at 9:43
Open them to what? Journalism leans leftward? That's not news to anybody. That we shouldn't work with them? jffree1is referring to CSI...same network though, so we'll see.
Permalink Reply by sesport on November 12, 2010 at 17:57
LOL!!! Oh, the irony! 80)
Permalink Reply by Love Horizontals on November 13, 2010 at 10:51
At least one enlightened soul.......
Permalink Reply by Love Horizontals on November 13, 2010 at 7:53
Betting this is NOT going to be used to promote a gas oriented Energy Plan. Just more amunition for class warfare. One more reason to support increase taxes for nouveau riche during economic depression to bring them back down in line with other Americans. Puts Shalers in same category with Bankers getting rich while everyone else suffers......with claims it harms the environment in the process.

Timing is too perfect given that energy prices are about to increase substantially from additional fed taxes AND INFLATION. Great way to show how oil companies and mineral owners are exploiting everyone and getting rich just when inflation is kicking in with Fed Reserve's "quantitative easing" policy. Great way to gain public support for goverment intervention in the industry.....the NEXT target on government hit list.

Many reasons why this was NOT a good idea. And exactly WHAT was the upside/benefit? Bragging about how good we have it in TX & LA and throwing in everyone's face around the country and the world??? Negative repercussions....
Permalink Reply by Love Horizontals on November 13, 2010 at 8:38
Given the US is not the great manufacturing country it once was, Nat Gas is the one resource we have left that could be what turns the economy around...and which makes it no 1 target. Of course "they" were nice to everyone to get what they wanted. Please wake up....
Permalink Reply by Two Dogs, Pirate on November 13, 2010 at 12:37
CB doesn't need any hair spray and cut his teeth on a drilling rig. In the Spring of 2008 I had the pleasure of meeting CB Leatherwood. I was sent in on a new prospect that covered about 9000 acres for shallow drilling, surface to 5000 feet. The first person that I went to visit was my friend Ricky Evans. The first thing that Ricky said when I walked in the door was that I was about a month too late and that the shalers had arrived with big money. I told Ricky to tell everyone he talked to to reserve the first 5000 feet and that two checks were better than one. Ricky told me to go talk to CB Leatherwood and that CB hadn't signed but was working the deal.

At this point in the play, I was in the dark about the shale. I had been competing with Audubon (Encana/SWEPI) in Sabine Parish for over a year. All that I knew was some sort of concept play was about to take place. I did a crash course on the Haynesville Shale and found where Aubrey had announced that it was bigger and better than the Barnett just a few weeks before. I heard that Chesapeake had gone into the DeSoto Parish courthouse and announced that any landmen with experience could be hired by them and paid $200 more per day. I also heard that one of the other big players had resorted to hiring timber people to buy oil & gas leases. Their instructions were to pay $3000 per acre and they would receive 10% of the money. It was one of these timber guys that was trying to deal with CB. On my first meeting with CB he told me the story. He said that the timber guy told him that the bonus was for $3000 but that he would get 10%. CB told him "No you ain't".

I don't know what CB got from the shaliers but I did tell him that the price could go to $25,000 per acre. CB leased me the first 5000 feet. I walked away with several good stories that CB told me and have told others those stories. I can see where 60 Minutes could have stayed with CB for a day. I feel that I could have stayed with him a month and still not heard all the best ones.

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