Replies to This Discussion

Permalink Reply by Les Bamburg on June 2, 2009 at 3:39

JWC, it is an area in Texas near Lufkin that has produced from shallower horizons. There has not been sufficient testing done to date to determine if this area will be commercial for the Haynesville/Bossier Shale play.

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Permalink Reply by JWC on June 2, 2009 at 5:28

Thanks Les. I did find a map that Goodrich put out that shows the Angelina River Trend running through the middle of San Augustine County and headiang due West. Not any drilling activity down that way. I do know there has been quite a bit of land leased in that area....mainly Devon and Encana.

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Permalink Reply by Carter on May 31, 2009 at 9:51

If you've followed Samson over the years as I have, you will notice how conservative they are as well. They didn't bite one bit on the feeding frenzy of '08. Back in 2006. I was leasing a play in Oklahoma where we came in about 6 months after they did, and we were going after the same Townships as they were so my people gave me permission to bust the bonus money up a little higher so we could poach leases. They never made a move, just slow and steady, 3's & 2's, and they were there long after we were gone. They'll be around to take advantage for the long haul.

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Permalink Reply by Skip Peel - Mineral Consultant on May 31, 2009 at 10:20

Jim. We're getting kinda late in the play for Samson Contour to have only four HA wells. I completed vertical (238911) and 3 horizontals drilling (239201,239461,239551). I hope they live up to your expectations.

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Permalink Reply by Les Bamburg on May 31, 2009 at 10:23

Hey Jim, I almost had a job with those guys a few years ago.

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Permalink Reply by Skip Peel - Mineral Consultant on June 1, 2009 at 14:33

Electro. I am unaware of any connection between Samson and Penn-Virginia in E. TX. From past corporate reports, my impression was that Penn-Virginia's Harrison County development activity was under a Joint Venture Agreement with Devon Energy.

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Permalink Reply by Todd M. Baker on June 1, 2009 at 14:52

Skip:

I think that PennV's joint venture in this area is with GMX Resources.

Todd M. Baker

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Permalink Reply by Les Bamburg on June 1, 2009 at 15:00

Todd, you are correct about the East Texas JV between GMX Resources & Penn Virginia.

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Permalink Reply by Skip Peel - Mineral Consultant on June 1, 2009 at 15:04

Todd. Considering the number of operators active in the county, almost any combination is conceivable. I haven't been in the Harrison Clerk of Court's Record Room in months but the amount of activity measured by conveyance recordings was far greater than any substantive reporting of development activity in the media. Or corporate conference calls. That is one of the most glaring differences between NW. LA. and E. TX. And it makes the play(s) in E. TX. darn difficult to track.

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Permalink Reply by Les Bamburg on June 1, 2009 at 15:02

Electro, remember that Samson is a privately held company whereas most of the others are publicly held.

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Permalink Reply by Dan Lohman on June 3, 2009 at 13:25

Goodrich Petroleum announced results of the Luthern Church 5-HR in the Minden-Beckville area of Panola County on 6/1; IP was 9.0mmcf with a 26/64 choke 4375 psi

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