THE RETURN OF INTEREST IN EXPLORATION AND PRODUCTION OF FORMATIONS OTHER THAN THE HAYNESVILLE

I review the Louisiana Office of Conservation Public Hearing schedule on a daily basis.  It's how I keep track of what companies are forming Haynesville (HA) Drilling & Productions Units and where.  In the beginning, 2007, I had to go through a lot of applications to find a single HA unit.  Maybe one out of one hundred.  Then slowly, throughout 2008, the ratio began to change until almost all the applications on the schedule were HA.  The Haynesville Shale Play had displaced every other play. And I mean "Every Other Play"!  South Louisiana unit applications practically disappeared from the schedule.  It was All Haynesville, All the Time!  And then over the last six months or so applications for other formations have begun to reappear on the schedule and increase in their percentage of total unit applications.  I am wondering if the members realize why that has happened and how they may feel about it.  This is not a test.  LOL!  It is an invitation to discuss the changing focus of energy companies and how that pertains to the Haynesville Shale Play, North LA. and the state as a whole.  And it's mineral owners.  I have some theories.  I would like to hear those of the members.

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Permalink Reply by Skip Peel - Mineral Consultant on March 4, 2010 at 4:18
Glenn. I have. If you do not understand my explanation then I apologize that I am unable to phrase it better. Which specific "price of leasing" do you think I am taking as negative?
Permalink Reply by Glenn Taylor on March 4, 2010 at 4:31
Reply by Glenn Taylor 55 minutes ago
Delete Skip:

You started quite a discussion, one that has a lot of good information. I contacted a friend of mine who owns one of these "small" O/G companies about the possibility of my property being in the Haynesville Shale area. He had his geologist take a look and I was told that the possibility exists but that my friend's company wasn't in the position to take any action because of the depth of the Haynesville Shale. In other words, his company is one of those that deals with shallower exploration. The point here is that I feel you guys are right on with your analysis of what is happening with the permits. These smaller companies need to make money and the smart way for them to profit is to stay in their field of expertise. Also, the profitability of oil and "wet" gas has a bearing on wht these guys are thinking.

I am sure that the mindset of everyone, including me, is that their mineral rights are worth a lot more today than they were before the Haynesville play came into the picture. Whether this holds true is to be seen.

Another thought I have is what the activity of the drilling and production has on the community? Roads are deteriorating from all of the heavy trucks, pipelines are crossing property, ponds are being drained. At the moment I have a very quiet secluded home that I enjoy very much. Do I really want all of the activity that is happening with the Haynesvile play? Is the money worth the trouble? I would really like to be a part of the group who is reaping the benefits of the present boom but then I really like my solitude too. This is quite perplexing.

Skip:

Here is a copy of my comments. I did not mention "price of leasing". So sorry that I was misunderstood. Oh, I am not new to the site. I just do a lot of reading of what is posted trying to stay up to date on what is happening. I have a lot of respect for you guys who are in the business and willing to keep us "laymen" informed.

Glenn

Glenn
Permalink Reply by Skip Peel - Mineral Consultant on March 4, 2010 at 4:40
I take no offense whatsoever to what you posted,Glenn. I think your comments are accurate and on topic. Quiet enjoyment is an important legal concept that will get bruised in the rush to drill. That's basically a case by case private concern. The deterioration, or should we say damage?, caused to roads are a public matter and tax payer dollars should not subsidize industry activities. Considering all the geographic and climate advantages to drilling in this part of the world, as opposed to Pennsylvania, New York, etc., the oil and gas industry should be stepping up to the plate to address this issue. Instead they have to be drug out of the dugout. Please excuse the baseball analogy.
Permalink Reply by Glenn Taylor on March 4, 2010 at 4:47
Keep up the good work.

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