XTO drilling in the R. Totin Survey
A portion of my lease was sold, by Cabot, to XTO with a pugh clause. I have one year left on the extention of the lease. It was indicated to me, by an advisor at Cabot, that XTO would be drilling, the 2 wells necessary to hold their portion of the lease, in the very near future. This was about 3-4 months ago. I cant see how/why XTO would drill with gas prices nearing 3.00. However, its my understanding that they would lose the lease, if they do not(I could be wrong). Has anyone heard anything about XTO drilling this area in the near future? Thanks...
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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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