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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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near…
ContinuePosted by Char on May 29, 2025 at 14:42 — 4 Comments
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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