Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 22, 2015 at 14:19

Danny is your mineral interest in LA or in MS?

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Permalink Reply by Danny on September 22, 2015 at 14:22

LA

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Permalink Reply by Skip Peel - Mineral Consultant on September 22, 2015 at 15:05

Would that be in St. Helena.  Townships 1S - 6E or 2S - 6E.  What section and township are you in?

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Permalink Reply by Danny on September 22, 2015 at 23:30

44, T2S, R6E in Tangi, right by St Helena Tangi Line.

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Permalink Reply by Skip Peel - Mineral Consultant on September 23, 2015 at 1:09

It doesn't appear that your section has been unitized by Paloma.  Texas ReExploration has been mentioned as taking TMS leases so this may be part of a lease swap or an outright sale.  Texas ReExploration has not formed any drilling units at this time nor have they permitted any wells. 

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Permalink Reply by Danny on September 23, 2015 at 1:23

What is the info on Texas ReExploration, Ive never heard of them.  I guess this may be some bad news that they have taken it over.  Good thing I got Paloma for $1000 an acre in May of last year when they were paying high.

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Permalink Reply by Skip Peel - Mineral Consultant on September 23, 2015 at 1:29

Texas ReExploration is a private company so there is not a lot of information available on them.  They don't have a website that I have found.  They are listed as an "operator" in Texas but I've only found one well for them and that was a vertical in 2008. 

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Permalink Reply by Danny on September 23, 2015 at 1:32

So what is their route to making any money?  Only one well, wow.

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Permalink Reply by Skip Peel - Mineral Consultant on September 23, 2015 at 1:37

It's possible that they have operations in other states or have a business model where they prefer non-operator status where they participate as a Working Interest in wells drilled and operated by others.  Any speculation beyond that gets into areas where none of us would wish to go.  There are a lot of ways to make money off oil and gas assets and some don't involve drilling.

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Permalink Reply by Danny on September 23, 2015 at 1:45

So would you consider this good or bad news for my lease?

Permalink Reply by Skip Peel - Mineral Consultant on September 23, 2015 at 1:49

Impossible to say for sure but I think Paloma sounded like the better alternative.

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Permalink Reply by Danny on September 23, 2015 at 2:05

Thanks.

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