Oil & Gas Pro

Snap Shot of the Play - 03/09/09.

This is a corrected grid map. The changes are small but may be of some import to those in the two townships that changed.

See attachment.

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Permalink Reply by herefordsnshale on March 9, 2009 at 13:56
It kind of makes me feel bad. My township-range is one of only three in the area with no activity.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 9, 2009 at 14:13
Don't feel bad, herefordsnshale. Your mineral interest is in a highly prospective area for the shale. The slowing of the play for economic reasons will decrease step-out drilling and increase in-fill drilling. The logic is self evident IMO. If capital is constrained, credit is frozen, energy prices are depressed and extensive current leasehold is undrilled, companies will develop existing leased acreage and cease or greatly reduce the acquisition of new acreage. Just be resolved to be patient and wait until the economy begins to recover and the energy supply/demand equation readjusts.
Permalink Reply by herefordsnshale on March 10, 2009 at 12:49
I know the area will be developed eventually. It's the the song; the waiting is the hardest part.

landownerPermalink Reply by J. A. on March 10, 2009 at 14:28
second, I also appreciate your time and experience.

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