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Permalink Reply by Skip Peel - Mineral Consultant on February 28, 2019 at 8:13

Reply by Skip Peel - Independent Landman yesterday Delete

2 well permits for HC wells producing from sections 32 - 9N - 12W, and immediately south, 2 - 8N - 12W.   GEP Haynesville received those permits on February 18.

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Permalink Reply by Martin on February 28, 2019 at 9:00

HRA --

  So did I. And as Skip says, there are two wells planned. I received the legal notice for the wells  early last fall.

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Permalink Reply by HRA on February 28, 2019 at 10:04

SONRIS reports three: two in 35-9-12 and one in 2-8-12.  Was a bit caught off guard with the offers, as my monthly royalty payments have been relatively low in the past year.  Being a novice in these things, I was ALMOST led to accept, particularly the last one. Skip, generally how long does it take to see production (if any) after permitting?

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Permalink Reply by Skip Peel - Mineral Consultant on February 28, 2019 at 10:14

The better question would be how long after the well is spud (begins drilling) will mineral lessors in the unit(s) begin to receive royalty payments for the new production.  I'd have to count how many live permits are in front of these, look at how many rigs GEPH is running, and a few other things and then it would still be a WAG.  If there are no mechanical problems and the well is drilled and completed in a timely manner, it could take about 90 days from spud to first production.  After that, another two to three months for the first royalty payment.  Permits don't always get drilled.  Sometimes they expire.  If these permits are drilled then I'd guess somewhere in the five to six month range from spud to first royalty.

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Permalink Reply by HRA on February 28, 2019 at 10:25

Thank you, sir!  I believe current payments are a couple of months behind actual production. 

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Permalink Reply by Skip Peel - Mineral Consultant on February 28, 2019 at 10:27

Yep, two months.

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Permalink Reply by James W Funk on March 1, 2019 at 7:24

In what Parish does this reference?

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Permalink Reply by Skip Peel - Mineral Consultant on March 1, 2019 at 7:29

North Sabine.  3 to 4 miles approximately due west of Belmount.

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Permalink Reply by HRA on March 1, 2019 at 7:27

North part of Sabine.

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