Replies to This Discussion

Permalink Reply by intrepid on March 24, 2009 at 2:26

Great story, KB. I got a lease offer in the mail on, get this, April 1, 2008 for $200 an ac. What an April fools joke that turned out to be. Glad I didn't take it. Very glad I saw info on GHS about a meeting to attend for information. It's hard to believe it's been a year. Been great year.

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Permalink Reply by Catfish on March 24, 2009 at 4:12

A holiday indeed! We are at the begining of the biggest economic boom ever seen in this area. While the rest of the country is struggling our economy is on the move. Desto Parish sales tax collection is up over 60% from last year and all areas inside the play are on the plus side. In the Minden area drilling related companies are poping up almost daily bringing jobs. Look at Schlumbeger investing in Shreveport,huge! Then think of the wealth being created, real people having money to spend they never had till now. What has happend in the first year is small compared to what's acoming.

Happy Anniversary to all Shalers!!!

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Permalink Reply by Sarah on March 24, 2009 at 5:07

Jim, thanks for saying all that! It takes the edge off all the bad news.

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Permalink Reply by charles billingsley on March 24, 2009 at 4:41

I didn't know the date. Desoto Parish should declare a holiday.
I'm an out-of-town timberland owner. I always got a little mailbox money from O&G, but last year came with an explosion of dollar signs. For years I've watched the timber industry circle the drain sadly. If not for this discovery, it might have been lights out for the parish. The future looks bustling, noisy, maybe messy- but economically bright.
What a year.

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Permalink Reply by North LA on March 24, 2009 at 10:47

I remember feeling sorry for the people of Desoto parish a few years ago because it was such a economically depressed area. I don't feel sorry for them anymore and I wish them all the best :)

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Permalink Reply by Bob on March 24, 2009 at 5:24

Just wait til we're singin' "It was 20 years ago today. Sgt. Pepper and his band began to play . . . "

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Permalink Reply by wyalusingjim on March 24, 2009 at 10:25

its interesting to read that you folks down in la are remaining upbeat. up here in the marcellus so many are giving over to despair, you know...i missed the boat. but thats what talking to the chk landmen will do to ya. although i have no land in your area, i am always enlightened by reading this site, and thanks to skip for making it possible.

btw, current estimates of gas content in the marcellus alone are over a quad. 1.3 i believe at this point, based on early well results, and that puts us just over the russians with the former #1 status they had with the 1.2 quad field.

can anyone tell me the best IP to date in the haynesville? i had heard you guys had a 29 mmcf/d well down there but i couldnt find any referenceto it.

happy anniversary and best of luck in '09 to my haynesville cousins.

wj

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Permalink Reply by Jack B2 on March 24, 2009 at 11:14

Check out the Sample # 9 well on sonris, sn. 238116 in northen Red River parish, tested at 28 mmcf/d but last I checked it was producing around 23mmc/d. I have heard rumors of a well to the north east a few miles, but would get body slammed if I throught the number.

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Permalink Reply by Big Daddy, bcnr on March 24, 2009 at 11:38

I agree with Jim and the others, there should be a holiday in NWLA for "Shale Day". I can't think of a better area of the country for this to happen to. Though my travels have been limited, I have NEVER met nicer more sincere people than in NWLA. Congratulations to you all. As for me, shale impact has been minimal. A 12" gathering line is now running across our property and we are hopeful a HS monster will be spud in our section this year. Party on Shalers!

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Permalink Reply by Ms.Dragonslaya on March 24, 2009 at 15:47

Well, it has changed my life, meeting the most interesting people, getting interested in the energy concerns of the country, green jobs, etc. Met Cannie, wonderful person, lots of insight. Wonder what the rest of the year holds for shalers but anticipation is wonderful.

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Permalink Reply by VSC DeSoto South on March 28, 2009 at 5:23

How the Haynesville Shale has changed my life:
Found a whole branch of my family tree I did not even know existed! Wow!
Met some relatives I knew existed, but had never seen in person.
Got a real nice 6 figure check!!!
Learned about CD's.
Learned about NG, drilling, leases, taxes, bonuses, trusts, the importance of a good Attorney and Tax accountant.
Learned about how some people you think are family all of a sudden get real judgemental and want to 'advise' you.
Became acutely aware of the economics of supply and demand and timing.
Learned about real business negotiations and contracts.
Coordinated good leases for each branch of my family tree, although they were virtually strangers.
Visited Shreveport and Pelican, LA and our land nearby, for only the second time in my life, the first with my Dad (where he was from in the 30, 40, 50's), the second without him.
The people of LA were very nice to me. Strangers and family alike, I really liked as I did not know what to expect.
New awareness of how much we need to use NG as energy source instead of oil.Minimally active in that movement.
Feel financially secure.
An increased sense of gratitude towards my Dad and grandfather and great grandmother, and great great grandmother, who passed the land down and did not lose it over the years and generations to debts, chicanery or a multitude of other reasons.
Still working on practicing patience, I'm like a child on the night before Christmas, can't wait to see when and what happens when they drill.
Able to give nicely to some familial churches and organizations my parents and grandparents cared for, in their names.
Learning to 'Let it be' with my neice who also got a nice 6 figure check at the age of 19! Can you imagine giving a naive, devil may care, rebellious, 'I know what I'm doing' 19 year old that kind of money.
I have accepted that her financial planning skills are on her, since she 'knows how to handle money'.
Feel good about being able to leave something for or use money for my heirs and their families.

So, all in all, it does not make up for the fact that I lost my Dad in 2007, my Mom in 2006 and my step Dad in 2005, my only brother in 2002, all unexpected and fast, the Haynesville has been good to me. I know they are looking down and nodding in approval at how I am handling the money and the property.

I feel good!

Now let's get drilling...

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Permalink Reply by Big Daddy, bcnr on March 28, 2009 at 5:48

WOW VSC, what a great story! I can't help but see a lot of parallels between your situation and mine. Family land passed down from my great grandparents, grandparents, and my father. My father has passed on as well, but I too believe he is smiling down on us all as we navigate and chart our families course through this phenomenam known as the HS. I've also recently visited our lands and met some of the most wonderful people! I met a lot of GHSers as well. Thanks for everything you guys! You know who you are. We had a great time! I also met Deb Murray on GHS. her family and mine were neighbors way back in the day and still are.

I too am impatient but have learned to wait from the Cotton Valley dealings. The longer they take to develop the HS means more to leave to my children and their familes. Just as my kinfolk did for us. As far as your neice, just let her be. The old saying, "Youth is wasted on the young" pertains here. All you can do is be a good role model for her and sooner or later, she will get better with her dealings. You sound like a great person VSC. Enjoy your shale bounty.

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