Samson to release lease

We have been notified by Samson's legal office that they intend to release the lease on Sec 19, T17N-R9W by the end of the month.  It appears that Samson wants to pursue other energy markets.  We feel they have been holding our lease 'hostage' and not actively trying to increase production.  We will be entertaining offers as soon as the form is signed.

How much does it cost to shut down a well as opposed to simply going through the 5.5" production pipe and going beyond 10610' into the lucrative shale layer?  I suppose they can afford it.  Anyone else affected by this decision

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Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2010 at 4:30
ledlights. I understand your interest. However this news has nothing to do with what you are asking. I do not track any company's shallow development. Sorry I can't help you.
Permalink Reply by ledlights on March 10, 2010 at 15:15
Thanks Skip,
I am happy to learn whatever I can. My curiosity can easily take me off topic.
Permalink Reply by oil guy on March 10, 2010 at 4:35
your first mistake is that you assume the Haynesville lies beneath your property - it probably does not. 17-9 is edgy at best. Why is everyone so synical?

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