San Augustine / Shelby County XTO & Blackstone
I have several hundred acres under lease to XTO (William Humphreys and JH Fox Survey). The Humphreys survey has a single well (Borders Q) that has been active but producing very little.
Over the past several months several groups have reached out to purchase the parcels for a decent amount of $$. This tells me that someone knows something that I don't. After doing some research on activity in the area it seems Blackstone has entered into an agreement with XTO to increase production in the area.
https://www.rigzone.com/news/black_stone_minerals_xto_ink_shelby_tr...
Does anyone know of specific of general information on the impact this Blackstone deal will have on William Humphreys and JH Fox Survey?
Hopefully some new production will come online.
Tags: Augustine, Fox, Humphreys, JH, San, Shelby, Williams
Views: 328
Replies to This Discussion
-
Permalink Reply by EastTexasFarmer on
-
JW, it's too early to guess. Black Stone will soon start talking with alternate operator(s) regarding their non-developed acreage in the east Shelby Trough area (i.e. San Augustine County). Per their latest earnings conference call, it appears that the business partnership arrangement (with XTO) allows them to start talking with other operators this month. As your informational link describes, the BSM / XTO arrangement relates to 13 currently drilled / uncompleted wells (DUCS) that must be completed and turned to sales by next March (in return for royalty relief). There's more details in the Q2, 2020 earnings call transcript.
Support GoHaynesvilleShale.com
Top Content
Blog Posts
The Lithium Connection to Shale Drilling
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
Franklin County, Texas
9 members
-
Cass County, TX
120 members
-
Rusk County
97 members
-
Livingston Parish, LA
34 members
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
